April 24, 2024

Orderhelmandpalacesf

Love your Curiosity

Coronavirus Relief Loans In Tampa: Where PPP Money Went

TAMPA, FL — If you were one of the hundreds of small business owners who could not qualify for a Paycheck Protection Program loan, here’s some of the competition who beat you out.

In Tampa Bay alone, dozens of companies were able to obtain millions of dollars in PPP loans by applying under different names or locations for McFarlin interior house painting the same limited liability company, partnership or corporation.

On Monday, for the first time, the Department of Treasury and Small Business Administration released a list of businesses and nonprofit groups who successfully applied for emergency loans ranging from $10 million to $150,ooo.

Since April 3, the federal government has granted more than $530 billion in coronavirus relief funding to 4.5 million applicants. The program was originally scheduled to end June 30 but the Senate voted to extend it to Aug. 8.

The PPP was established as part of the $2 trillion Coronavirus Aid, Relief and Economic Security (Cares) Act.

From the start of the PPP program, Tampa Bay small business owners who were forced to furlough workers and struggled to keep their doors open complained they were at a disadvantage.

Much of the funding went first to the customers the banks already knew and trusted ― including large corporations.

More than 7,500 Tampa Bay businesses and nonprofits received PPP loans, including companies headed by some millionaire CEOs.

According to the National Federation of Independent Businesses, 70 percent of small businesses in the United States applied for PPP loans but only two in three businesses (72 percent of those that applied) were successful.

The NFIB Research Center cited pre-screening and an existing relationship with an SBA-approved lender as major factors in the success of those businesses that received loans.

The majority of small business owners (84 percent) who successfully submitted their application already had a checking or savings account with the bank where they applied, said the NFIB.

Most banks that participated in the program and facilitated the PPP loans were only taking applications from current customers.

Just under half of the successful applicants had an active loan with the bank and another 24 percent had a business credit card associated with the bank.

Only 1 percent of successful applicants applied at a bank with which they had no previous association.

Of the 28 percent of small business owners who were not successful, most of them (68 percent) said they were waiting for their bank to start accepting PPP loans. Nine percent said they couldn’t find a participating bank. Five percent were told by their bank that it had hit its limit of accepting loans. And 5 percent found the process too complicated to proceed.

There were 205 Florida companies lucky enough to land the big money (loans ranging from $5 million to $10 million).

Among them was the Tampa branch of Morgan & Morgan law offices, which has more than 50 offices around the country. Also snapping up the big PPP loans in Florida were other attorney’s offices, developers, contractors and lobbying organizations.

Here are some Tampa businesses that received PPP funds:

PPP between $5 million and $10 million

  1. Bisk Education Inc.
  2. Avesta Homes
  3. Harmony Healthcare
  4. Morgan & Morgan, Tampa, P.A.
  5. McNichols Co.
  6. Accusoft Corp.

PPP between $2 million and 5 million

  1. Bern’s Steak House
  2. Bill Currie Ford
  3. Columbia Restaurant
  4. Coast Dental
  5. Captiva MVP Restaurant Partners
  6. Carrollwood Day School Education Inc.
  7. DACCO Behavioral Health Inc.
  8. Family Ford
  9. Ferman Motor Car Company
  10. Franklin Street Financial Partners
  11. Gulf Marine Repair Corp.
  12. Lowry Park Zoological Society of Tampa
  13. Pepin Distributing Company
  14. Metropolitan Ministries
  15. Merlin Law
  16. Mental Health Care
  17. Pittsburgh Grand Hotel
  18. Sanwa Growers
  19. Tampa Bay Performing Arts Center
  20. Tampa Bay Downs
  21. Tower Imaging

PPP between $1 million and $2 million

  1. Angels Care Health Systems
  2. Banko Overhead Doors
  3. Bay Area Pools
  4. Bay Area Youth
  5. Bay Area Legal Services
  6. BDG Architects
  7. Brandon Motors
  8. Bush Ross
  9. Cambridge Christian School
  10. Colwill Engineering Electrical
  11. Caspers Service Co.
  12. David Horvath, P.A.
  13. Corbett Preparatory School
  14. Elder Ford of Tampa
  15. Ferman of Countryside
  16. Grace Family Church of North Tampa
  17. Humane Society of Tampa Bay
  18. Jackson’s Bistro and Bar
  19. J.C. Newman Cigar Co.
  20. Jesuit High School
  21. Joffrey’s Coffee & Tea Co.
  22. Lions Eye Institute for Transplant and Research
  23. Mainsail Epicurean Hotel
  24. McKibbon Hotel Management
  25. Northside Behavioral Health Center
  26. PDQ Holdings
  27. Phil’s Cake Box
  28. Socius Marketing
  29. Stepp’s Towing Service
  30. Stern, Drake, Isbell & Associates, P.A.
  31. Tampa Bay Surgery Center Associates
  32. Tampa Catholic High School
  33. Tampa JCC Federation
  34. Tampa Preparatory School
  35. Tampa School Development Corp.
  36. The ARC Tampa Bay
  37. The Florida Aquarium

PPP between $350,000 and $1 million

  1. Abdoney Orthodontics
  2. A Kid’s Place of Tampa Bay
  3. Academy Prep Center of Tampa
  4. Atomic Tattoos
  5. Beaux Arts Installation Group
  6. Bi Rite Company
  7. Big Brothers/Big Sisters of America
  8. Bolin Law Group
  9. Bond Auto Sales
  10. Bridgeprep Academy of Tampa
  11. Carpe Diem Pizza
  12. Carsmetics
  13. Caspers Distribution
  14. Celebrity Carpets & Interiors
  15. Century Buick
  16. Champions for Children
  17. Chappell Roberts Inc.
  18. Charley’s Steakhouse Cypress Street
  19. Children’s Museum of Tampa
  20. Chili Pepper of Rocky Point
  21. Christ the King Catholic School
  22. Christopher Ligori, P.A.
  23. Ciccio & Tony’s Inc.
  24. CMJ Restaurant Inc.
  25. Coast Dental
  26. Columbia Cafe
  27. Columbia Food Service Co.
  28. Columbia Restaurant Inc.
  29. Colwill Engineering Mechanical
  30. Congregation Schaarai Zedek
  31. Coppertail Brewing Co.
  32. Counter Culture Hospitality
  33. Datz Delicatessen
  34. Davis Islands Baptist Church
  35. Dennis Hernandez & Associates, P.A.
  36. Dentalworks USA
  37. Design Styles Architecture
  38. Families First of Florida
  39. Feeding America Tampa Bay
  40. Ferman on Dale Mabry
  41. Fitlife Foods
  42. Fleischman and Garcia Architects and Planners
  43. Florida Family Primary Care Centers of Tampa
  44. Florida Pain Relief Group
  45. Florida West Coast Public Broadcasting
  46. Fortune Street Partners
  47. Fresco Foods
  48. Girl Scouts of West Central Florida
  49. Goody Goody of Hyde Park
  50. Grillsmith
  51. Gulf Tile and Cabinetry
  52. Habitat for Humanity
  53. Halo Purely for Pets
  54. Hamilton Engineering & Surveying
  55. Happy’s Home Centers
  56. Hardeman Landscape Nursery
  57. Hattricks
  58. Hess Spinal and Medical Centers
  59. Human Development Center
  60. Hyde Park United Methodist Church
  61. Innovative Brewing
  62. Island Design’s Embroidery Outlet
  63. Jim Browne Chevrolet
  64. Lightning Pizza
  65. Ligori & Ligori, P.A.
  66. Literacy Leadership Technology Academy
  67. Luxury Bath of Tampa Bay
  68. MacDonald Training Center
  69. Magnolia Dayschool
  70. Mainsail Fenway Hotel
  71. Meat Market Tampa
  72. Mechanik, Nuccio, Hearne & Wester, P.A.
  73. Medi-Weightloss Franchising
  74. Metro Development Group
  75. Metro Diner
  76. Mike’s Pies
  77. More Bakery
  78. Newslink of Tampa
  79. Newspaper Printing Co.
  80. North Tampa Automotive
  81. North Tampa Christian Academy
  82. North Tampa Nissan
  83. Northgate Lincoln-Mercury
  84. Old Memorial Club
  85. Outdoor America Images
  86. Oxford Exchange
  87. PDQ
  88. Purple Pizza Eaters
  89. R&B The Colony Restaurant
  90. Rivergate Restaurant Co.
  91. Ronald McDonald House Charities of Tampa Bay
  92. Salt & Citrus Catering Co.
  93. Sarrk Restaurants
  94. Seaborn Private School
  95. Sembler Investments
  96. Sherwood Hospitality Group
  97. Smith & Associates Real Estate
  98. SPCA Tampa Bay
  99. Speedline Team Sports
  100. St. Lawrence Catholic School
  101. St. John’s Episcopal Parish Day School
  102. St. Mary’s Episcopal Day School
  103. Stand Up Guys Junk Removal
  104. Steelbach
  105. Stepp’s Transportation Service
  106. Success 4 Kids and Families
  107. Sundial Ltd.
  108. Sunny Florida Dairy
  109. Tampa Airport Hotel
  110. Tampa Bay Convention & Visitors Bureau
  111. Tampa Bay History Center
  112. Tampa Bay Imaging
  113. Tampa Day School
  114. Tampa Lighthouse for the Blind
  115. Tampa Oaks Senior Living
  116. Tampa Taco
  117. The Crossing Church
  118. The Hall at the Yard
  119. The Spring of Tampa Bay
  120. The Window Depot
  121. Turning Point of Tampa
  122. Uncle John’s Pride
  123. United Soccer Leagues
  124. Universal Academy of Florida Inc.
  125. University Area Community Development Corp.
  126. Vitamin Dicount Center
  127. Westshore Hotel Owner
  128. Wright Gourmet House Corp.
  129. Yacht Starship Dining Cruises

PPP between $150,000 and $350,000

  1. 4 Rivers Smokehouse
  2. A & S Restaurant
  3. Abby’s Health Food
  4. ABC Autos
  5. Abe Brown Ministries
  6. Academy of Tampa
  7. Ackerman Jewelers
  8. Acropolis Restaurant of New Tampa
  9. Affordable Catering
  10. Air Animal
  11. All Creatures Medical Group
  12. Amphitheater Ybor
  13. Armature Works
  14. Bayshore Animal Clinic
  15. Bayshore Christian School
  16. BBF of Temple Terrace
  17. Bed Pros
  18. Bernini of Ybor
  19. Bible-Based Fellowship Church
  20. BMW Enterprises
  21. Brandon Crossroads Bowl
  22. Brandon Automotive Management
  23. Brew Bus Brewing
  24. Bridging Freedom
  25. Browbar
  26. Captain’s Fine Foods
  27. Carlton Academy Day School
  28. Carmine’s Seventh Avenue
  29. Carriage House Interiors
  30. Celsius Marketing
  31. Ceviche Tapas
  32. Channelside Management
  33. Christ the King Catholic Church
  34. Coast Dental
  35. Colwill Engineering Consulting Engineers
  36. Colwill Engineering Inc.
  37. Community Charter School of Excellence
  38. Community Foundation of Tampa Bay
  39. Cornerstone Family Ministries
  40. Daily Eats
  41. DUI Counterattack
  42. Primrose School of Westchase
  43. Eddie and Sam’s N.Y. Pizza
  44. Ella’s Kitchen
  45. Faith Outreach Centers
  46. Family First
  47. Family of Christ Lutheran Church
  48. First Baptist Church of Progress Village
  49. Ford’s Garage of Westchase
  50. Forest Hills Health Care
  51. Fresh Kitchen
  52. Global Fitness
  53. Golf Locker
  54. Greater Tampa Bay Area Council
  55. Green Iguana Entertainment
  56. Hillel School of Tampa
  57. Hillsborough Education Foundation
  58. Hillsdale Baptist Church
  59. Hooters of North Tampa
  60. Hooters of South Tampa
  61. Hope International Ministries
  62. Ice Sports Forum
  63. Icon Preparatory School
  64. Incarnation Catholic School
  65. Irish 31
  66. Islamic Society of Tampa Bay
  67. Junior Achievement of Tampa Bay
  68. The Hall on Franklin
  69. Keke’s Temple Terrace
  70. Kennedy Investments
  71. La Teresita restaurant
  72. Lake Magdalene United Methodist Church
  73. Lapequena Colombia Restaurant
  74. Meals on Wheels of Tampa
  75. Miguelito’s Taqueria Y Tequilas
  76. Mise En Place
  77. Morning Star Catholic School
  78. Mr. Dunderbak’s
  79. New Meeting House
  80. Noble Crust
  81. Oliva Tobacco Co.
  82. Olympia Bakery
  83. Palma Ceia United Methodist Church
  84. Pane Rustica
  85. Press Box Sports Emporium
  86. Prime Time Sports Grill
  87. Radiance Medspa of Tampa Bay
  88. Radiant Church
  89. Rick’s on the River
  90. Rooftop at the Heights
  91. Samis Pita Bakery
  92. Schifino Lee Inc.
  93. Shoot Straight Tampa
  94. Shooter’s World
  95. Smokehouse on Platt
  96. Soho Hospitality Management
  97. Soho Sushi
  98. South Tampa Swim School
  99. St. James United Methodist Church at Tampa Palms
  100. St. Lawrence Catholic Parish
  101. St. Paul Catholic Church
  102. St. Peter Claver Catholic School

Search the complete database of PPP loans

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

See related stories:

This article originally appeared on the Tampa Patch