Coronavirus Relief Loans In Charlotte: Where PPP Money Went

Kimberly Johnson
·2 min read

CHARLOTTE, NC — More than 16,000 North Carolina businesses and non-profits have received loans from the Paycheck Protection Program, or PPP, to help pay their employees during the coronavirus pandemic.

PPP loans were established as part of the federal government's CARES Act, and are similar to grants: they will be forgiven as long as businesses keep its employees on their payroll, without cutting their pay. However, the money does not necessarily have to go directly to employees as long as the business keeps paying them, it can also be used to pay interest on mortgages, rent, and utilities.

On Monday, the U.S. Small Business Administration released data showing that nearly 5 million businesses have received PPP loans totaling over $521,000,000,000. The U.S. Treasury says that money has supported 51.1 million jobs, as much as 84 percent of America's small business employees.

Here's an interactive map that shows many of the businesses that received PPP loans valued above $150,000 in Charlotte:

Here are some of the local businesses in Charlotte who received PPP funds:

PPP between $150K - $350K

  • YMCA of the Central Carolinas Inc

  • Suarez Bakery

  • St. John's Baptist Church Inc

  • Mecklenburg County Council Boy Scouts of America Inc.

  • Charlotte Checkers Hockey, LLC

PPP between $350K - $1 million

  • Trinity Episcopal School

  • NoDa Brewing

  • Myers Park Baptist Church

  • Lebo's Shoe Store, Inc.

  • Knights Baseball Inc

PPP between $1 million - $2 million

  • The Olde Mecklenburg Brewery LLC

  • The Presbyterian Home at Charlotte LLC

  • Jimmy John's Gourmet Sandwiches

  • Charlotte Christian School

  • Charlotte Symphony Orchestra

PPP between $2 million - $5 million

  • Urology Specialists of the Carolinas, PLLC

  • Sugar Creek Charter School

  • Golden Corral

PPP between $5 million - $10 million

  • Orthocarolina, PA

  • Johnson C Smith University

  • Hickory Tavern Holdings, LLC

A complete list of all North Carolina businesses who have received PPP loans over $150,000 may be downloaded here. Tens of thousands more businesses received loans under $150,000.

Learn more about PPP loans at the SBA's website here.

Lucas Combos, Patch Staff, contributed

This article originally appeared on the Charlotte Patch