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PPP loans in Madison County, North Carolina

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 286 Paycheck Protection Program loans for businesses it recorded in Madison County, $13.8 million in all.

Madison County, as of September 30, 2024

$13.8 million
Approved
$13,847,191
0.1% of the $17.7 billion approved in North Carolina.
286
Loans
218 first draws and 68 second draws.
93.4%
Forgiven
267 of 286 loans carry a forgiveness amount, $13.6 million in all.
3.5%
Charged off
10 of 286 loans, approved for $107.4 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Madison County · 2020–21

1 more column on a wider screen

The largest borrowers in Madison County, 2020–21
RankNameUSD
1Mars Hill University, Mars Hill$3.1 million
2Hot Springs Health Program, Inc, Marshall$1.4 million
3Asheville Kombucha Mamas, LLC, Marshall$617.4 thousand
4Wilkinson Care Center, Inc., Marshall$564.5 thousand
5Madison Manufacturing Company, Hot Springs$445.6 thousand
6Advanced Superabrasives Inc, Mars Hill$352.8 thousand
7Hfk Corporation, Mars Hill$286.3 thousand
8Western North Carolina Retirement, LLC, Mars Hill$259.0 thousand
9Original Look LLC, Marshall$165.5 thousand
10Wolf Creek Academy, Mars Hill$158.5 thousand
11Gornett Hospitality LLC, Hot Springs$143.4 thousand
12French Broad Paving Inc., Marshall$133.6 thousand
13Jas Leasing Of Weaverville, LLC, Mars Hill$129.2 thousand
14Sandy Bottom Trail Rides LLC, Marshall$108.6 thousand
15Gornett Hospitality LLC, Hot Springs$104.9 thousand
16Goss Ihs LLC, Hot Springs$97,979
17French Broad Rafting And Ziplines LLC, Marshall$93,265
17French Broad Rafting And Ziplines LLC, Marshall$93,265
19The Smokey Mountain Diner LLC, Hot Springs$89,200
20Madison County Community Learning Centers, Marshall$82,800
21Calexus Solutions LLC, Mars Hill$80,101
22Omkar Of Mars Hill LLC, Mars Hill$76,388
23Clifton D Hamlin Grading, LLC, Mars Hill$76,100
24J G Ramsbottom Iii DMD Pa, Marshall$71,300
25Blue Ridge Funeral Service Inc., Mars Hill$70,700
26Goss Ihs LLC, Hot Springs$69,985
27South Charlotte Spine And Wellness Center, Pc, Mars Hill$68,835
28Superior Welding & Metal Work, Mars Hill$67,554
29Greybeard Fence LLC, Mars Hill$66,100
30Dream Escapes Landscape And Design LLC, Marshall$66,096
31Triple C - Chandley Farms, Inc., Marshall$62,500
32Superior Welding & Metal Work, Mars Hill$60,875
33Mountain Magnolia Inn & Retreat LLC, Hot Springs$59,500
34Construction & Landscape Services, Inc, Marshall$58,600
35Madison Pharmacy & Gifts, Inc., Marshall$58,000
36Lets Go Fishing, Inc., Mars Hill$57,867
37Madison County Brewing Company LLC, Marshall$57,400
38Stackhouse LLC, Mars Hill$57,200
39McSono, LLC, Marshall$56,244
40Ski The Ridges, LLC, Mars Hill$55,552
41Omkar Of Marshill LLC, Mars Hill$54,562
42Smokey Mountain Diner LLC, Marshall$52,500
43Earthcast Technologies, Marshall$52,400
44Blackbird Landscapes LLC, Mars Hill$52,299
45Carolina Transmissions, Inc, Franklin$49,800
46Red Shed Woodworks And Construction, Inc, Marshall$49,576
47And Restoration Co., LLC, Mars Hill$48,712
48Red Shed Woodworks And Construction Inc, Marshall$48,493
49Hoeh Works Inc, Marshall$47,318
50Mountain Home Properties Inc, Hot Springs$45,600
51Chitwood Rivers Ventures, Mars Hill$45,515
52And Restoration Co. LLC, Mars Hill$45,000
53Calexus Solutions LLC, Mars Hill$44,092
54W.N.C. Madison County Housing Corporation, Hot Springs$43,650
55Plaza Burger Parlor Inc, Marshall$43,300
56Slam Truck And Trailer LLC, Marshall$42,908
57Vaste Riviere Provisions LLC, Hot Springs$42,505
58Sharpe & Bowman PLLC, Marshall$42,470
59Walnut Service Center, Inc., Marshall$42,100
60Betty Deitz, Marshall$41,666
61Rudy Piedra, Marshall$41,665
62Zink Outdoor Power Equipment Inc, Mars Hill$41,600
63Amuz Inc, Marshall$40,900
64Subway Of Madison County Inc, Mars Hill$40,789
65Metco Tire & Auto Service, Inc., Mars Hill$40,700
65Universal Financial Independence Inc, Marshall$40,700
67McSono, LLC, Marshall$40,175
68Dream Guitars, Inc., Weaverville$39,712
69Slam Truck And Trailer LLC, Marshall$38,300
70The Scarlet Bee LLC, Mars Hill$37,740
71Garnet Hill Construction Inc, Marshall$36,372
72Bluff Mountain Outfitters, Inc., Hot Springs$36,363
73Sharpe & Bowman PLLC, Marshall$36,039
74Ligen International LLC, Marshall$35,133
75Ligen International LLC, Marshall$35,132
76Community Housing Coalition Of Madison County, Marshall$34,817
76Community Housing Coalition Of Madison County, Marshall$34,817
78Catfish And Opossum LLC, Marshall$34,300
79Austins Heating Cooling Inc, Mars Hill$33,980
80Jjs Grading Septic LLC, Marshall$33,700
81Mars Hill Baptist Church Inc, Mars Hill$33,500
82Hrabbq, LLC, Marshall$33,267
83Chitwood Rivers Ventures, Mars Hill$32,511
84Jennarator LLC, Hot Springs$32,100
85Rector Electric, LLC., Marshall$32,040
86Southern Dharma Retreat Center, Hot Springs$31,675
87H&M7.Inc, weaverville$30,800
88Madison Insurance Group, Mars Hill$30,000
89Susan B Wise Odpa, Mars Hill$29,885
90Prama Institute - Owner, Marshall$29,702
91Prama Institute, Marshall$29,687
92Amuz, Inc., Marshall$29,200
93Subway Of Madison County, Inc., Mars Hill$29,117
94Susan B Wise Odpa, 63 Chestnut St.$28,806
95Neil Ofarrell, Mars Hill$27,400
96Griffin Financial Services Inc, Mars Hill$26,919
97Universal Financial Independence,Inc., Marshall$26,905
98Randy Buckner, Mars Hill$25,100
99Aprn Anesthesia Services, Marshall$25,000
100Stackhouse LLC, Mars Hill$24,600

How the list is drawn

  • 100 of the 270 borrowers ranked in Madison County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Madison County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Related

Sources

Data retrieved