Who got the dough? Top take-aways from pandemic business loans in Haywood | News

The overwhelming majority that acquired federal {dollars} bought lower than $100,000 and had been for small companies with fewer than 10 workers.

Among the high sectors getting loans in Haywood County had been medical fields — from dental practices to nursing houses — development fields, eating institutions, tourism {and professional} providers. Regardless of retail being a high financial sector within the county, retail institutions had been comparatively few in quantity.

Companies didn’t need to repay the loans in the event that they met employment retention targets, so in impact, the loans had been free cash.

Under is a snap-shot of key take-aways from the Paycheck Safety Program in Haywood County.

• Solely six companies bought greater than $1 million, and 5 bought between $500,000 and $1 million.

• The biggest mortgage acquired in Haywood County was $2.2 million to Haywood Vocational Alternatives with 438 workers. The smallest mortgage was $600 to The Cuban Man sandwich store in Waynesville.

• Companies receiving loans had 6,500 workers collectively. Solely 3% had greater than 50 workers, 8% had between 20-49 workers, 13% had between 10-19 workers, 36% had between 3-9 workers, and 40% had two workers or much less. Quite a few companies reported zero workers.

• The typical mortgage quantity was $66,700. 76% of these receiving loans bought lower than the common. The highest 5% accounted for 40% of the entire mortgage {dollars}, whereas the underside 50% accounted for 8% of the entire mortgage {dollars}.

• 24% of those that bought loans bought lower than $10,000, 46% bought between $10,000-$50,000, 13% bought between $50,000-$100,000, and 14% bought between $100,000-$500,000.

TourismA number of enterprise within the hospitality sector had been within the high 100, together with Lake Junaluska Meeting ($1.175 million), Waynesville Golf Resort ($308,000), Maggie Valley Membership ($250,000), Laurel Ridge Nation Membership ($240,000), Cataloochee Ski Space ($239,000), The Swag ($238,000), Springdale Nation Membership ($132,000) and Wheels Via Time bike museum ($104,000.)

There have been 24 non-profits had been amongst these receiving loans, together with Mountain Tasks ($374,000), Lengthy’s Chapel ($305,000), First United Methodist of Waynesville ($202,000), First Baptist of Waynesville ($135,000), Haywood Christian Academy ($110,000), Haywood Pathways Middle ($97,000), Sarge’s Animal Rescue ($56,000), Haywood Christian Ministries ($43,000), KARE ($43,000), Folkmoot ($30,000), Haywood County Arts Council ($10,000) and Canton Neighborhood Kitchen ($10,000.) One other dozen church buildings acquired between $10,000-$50,000.

Eating places within the high 200 included Bogarts ($214,000), Candy Onion ($191,000), Frankie’s Italian ($185,000), Fats Buddies ($156,000), Joey’s Pancake ($150,000), Blue Rooster ($146,000), Bocelli’s ($144,000), Clyde’s ($142,000), Angelo’s ($92,000), 209 Cafe ($90,000), Southern Porch ($82,000), Papa’s and Beer ($80,000), Maggie’s Galley ($75,000), Waynesville Pizza ($69,000), Legend’s Bar and Grill ($67,000), Frog’s Leap Public Home ($63,000), Bourbon Barrel ($59,000), and Bearwaters ($58,000). An area LLC franchise holder of McDonalds, 7InHarmony, bought $355,000.

High companies within the manufacturing sector included Boojum Brewing ($353,000), Oaks Limitless ($312,000), Alltec ($238,000), Appalachian Vintage Hardwoods ($132,000), Considerable Labs ($123,000), Sunburst Trout ($116,000) and the Lamp Manufacturing unit ($112,000.)

EatingEating places within the high 200 included Bogarts ($214,000), Candy Onion ($191,000), Frankie’s Italian ($185,000), Fats Buddies ($156,000), Joey’s Pancake ($150,000), Blue Rooster ($146,000), Bocelli’s ($144,000), Clyde’s ($142,000), Angelo’s ($92,000), 209 Cafe ($90,000), Southern Porch ($82,000), Papa’s and Beer ($80,000), Maggie’s Galley ($75,000), Waynesville Pizza ($69,000), Legend’s Bar and Grill ($67,000), Frog’s Leap Public Home ($63,000), Bourbon Barrel ($59,000), and Bearwaters ($58,000). An area LLC franchise holder of McDonalds, 7InHarmony, bought $355,000.

4 assisted dwelling amenities and nursing houses had been among the many high 60 mortgage recipients: Silver Bluff ($1 million), Maggie Valley Nursing and Rehab ($815,000), Haywood Lodge and Retirement Facilities ($422,000), and Haywood Home ($175,000.)

Medical fields had been one of many largest sectors within the high 100, together with Haywood Pediatric ($417,000), Halfway Medical ($348,000), Mountain Eye ($288,000), Smoky Mountain Foot and Ankle Clinic ($239,000), Haywood Imaging ($212,000), Mountain Laurel Dermatology ($172,000), Hazelwood Household Drugs ($135,000), Envision Ache Administration ($130,000), together with Kim’s Pharmacy, Waynesville Pharmacy, Haywood Pharmacy, Mark’s Pharmacy and Carolina Mountain Pharmacy.

With many laying aside common dental check-ups and dental work, a number of dental practices had been among the many high 100, together with Cataloochee Dental Group ($367,000), Carolina West Dental ($281,000), Smoky Mountain Dentistry ($245,000), and greater than 10 others.

The development trade was one of many largest sectors, with quite a few normal contractors, plumbers, electricians, graders, HVAC installers, landscapers, masons and different building-related trades. These within the high 60 included Buckeye ($627,000), WNC Paving ($450,000), Haywood Builders ($383,000), Ashe Building ($290,000), Clark and Leatherwood ($237,000), Reece, Noland and McElrath engineers ($267,000), Southern Appalachian Grading ($208,000), Industrial Contractors ($204,00), and JM Teague Engineering ($172,000).

Different notable companies within the high 50 receiving greater than $200,000 included Waynesville Auto ($1.1 million), Neo Corp ($611,000), Taylor Motor ($582,000), Junaluska Animal Hospital ($405,000), Haywood Equipment ($356,000), Manpower ($327,000), Excessive Nation Furnishings ($300,000), Blue Ridge Glass ($200,000).

• A number of native fuel station and comfort retailer chains bought loans of greater than $100,000.

• A lot of skilled practices and sole proprietorships acquired loans, together with attorneys, insurance coverage brokers, accountants, actual property brokers, consultants, and extra.

• The Mountaineer acquired $116,000.

See the total listing on Haywood County companies on the web site.