PPP loans in Panola County, Texas

Name: Panola County, Texas
Address: TX, US

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 775 Paycheck Protection Program loans for businesses it recorded in Panola County, $44.5 million in all.

Panola County, as of September 30, 2024

$44.5 million
Approved: $44,469,594; 0.1% of the $62.7 billion approved in Texas.; 775
Loans: 645 first draws and 130 second draws.; 94.8%
Forgiven: 735 of 775 loans carry a forgiveness amount, $43.9 million in all.; 3.9%
Charged off: 30 of 775 loans, approved for $472.9 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Panola County · 2020–21

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The largest borrowers in Panola County, 2020–21
Rank	Name	USD	Loans
1	D. Courtney Construction, Inc., Carthage	$4.9 million$4,888,050	1
2	Bigfoot Energy Services LLC, Carthage	$2.8 million$2,812,066	2
3	Excel Aircraft, LLC, Carthage	$2.5 million$2,534,100	1
4	Excel Aircraft LLC, Carthage	$2.0 million$2,000,000	1
5	Legacy Field Services, LLC, Carthage	$1.1 million$1,143,700	1
6	Synerlink Corporation, Carthage	$1.0 million$1,015,300	1
7	Maxflow Chemicals Of Texas LLC, Carthage	$955.4 thousand$955,357	1
8	Socagee Services, Inc., Carthage	$694.1 thousand$694,100	1
9	Maxflow Chemicals Of Texas, Carthage	$671.9 thousand$671,936	1
10	Smith Energy Services Inc., Carthage	$560.0 thousand$560,000	1
10	Smith Energy Services, Inc., Carthage	$560.0 thousand$560,000	1
12	Legacy Field Services LLC, Carthage	$478.9 thousand$478,893	1
13	D & C Cleaning, Inc., Carthage	$477.9 thousand$477,919	1
14	Bagley Well Service, Carthage	$430.2 thousand$430,166	1
14	Bagley Well Service Corporation, Carthage	$430.2 thousand$430,166	1
16	Pierce R & B LLC, Beckville	$391.0 thousand$390,985	1
17	Excel Ford Lincoln Mercury Lp, Carthage	$375.0 thousand$375,000	1
17	Excel Ford Lincoln Mercury, Lp, Carthage	$375.0 thousand$375,000	1
19	Jb Pinnacle Group, LLC, Carthage	$370.5 thousand$370,464	1
20	Car-Tex Transport And Vacuum Service, Inc., Carthage	$345.5 thousand$345,500	1
21	Shb Construction, De Berry	$335.8 thousand$335,825	1
22	Pierce R & B LLC, Beckville	$321.6 thousand$321,600	1
23	Loutex Contractors Inc., Carthage	$320.2 thousand$320,158	1
24	Blazer Services, LLC, Carthage	$305.6 thousand$305,600	1
25	Blazer Services LLC, Carthage	$300.5 thousand$300,498	1
26	M & M Sales And Service LLC, Timpson	$263.7 thousand$263,673	1
27	Pippen Motor Company, Carthage	$261.6 thousand$261,610	1
28	Whitaker Plumbing, Inc, Carthage	$261.0 thousand$260,993	1
29	J M Young Energy Services LLC, Carthage	$252.7 thousand$252,700	1
30	Complete Printing & Publishing, Carthage	$227.4 thousand$227,400	2
31	Cyclone Rentals Inc, Gary	$220.2 thousand$220,231	1
32	Carthage Hardwoods, LLC, Carthage	$219.3 thousand$219,300	1
33	J.M. Young Energy Services, LLC, Carthage	$217.9 thousand$217,900	1
34	Cj4 Construction LLC, Beckville	$217.6 thousand$217,584	1
35	Carthage Hardwoods LLC, Carthage	$211.9 thousand$211,932	1
36	Carthage Snf, Lp, Carthage	$208.8 thousand$208,800	1
37	Double J & K Equipment Rentals, LLC, Carthage	$206.2 thousand$206,200	1
38	Carthage Auto Holdings, L.P., Carthage	$199.6 thousand$199,600	1
39	M G Cleaners LLC, Carthage	$195.1 thousand$195,072	1
40	Gateway Of Carthage Travel Plaza, Inc., Carthage	$194.5 thousand$194,500	1
41	Mg Cleaners LLC, Carthage	$190.0 thousand$190,000	1
42	Iron Mountain Energy LLC, Carthage	$189.8 thousand$189,800	1
43	Dependable Pressure Testers Inc, Carthage	$185.7 thousand$185,742	1
44	Dependable Pressure Testers, Inc, Carthage	$185.7 thousand$185,700	1
45	Bush Construction, Inc., Gary	$181.5 thousand$181,500	1
46	Cj4 Contruction, LLC, Carthage	$176.1 thousand$176,134	1
47	Pat's Roustabout Service Inc., Carthage	$174.9 thousand$174,900	1
48	Panola Charter School, Carthage	$172.7 thousand$172,743	1
49	Jek Automotive Supply Inc., Carthage	$170.8 thousand$170,770	1
50	Rjm Restaurants 8711 LLC, Carthage	$170.1 thousand$170,112	1
51	Sid Fowler DBA None, Carthage	$169.8 thousand$169,850	1
52	Sid Fowler, Carthage	$168.3 thousand$168,295	1
53	Ransom Drilling Services LLC, Gary	$160.2 thousand$160,175	1
53	Ransom Drilling Services, LLC, Gary	$160.2 thousand$160,175	1
55	Double J & K Equipment Rentals LLC, Carthage	$160.1 thousand$160,100	1
56	Car-Tex Trailer Company Inc, Carthage	$158.5 thousand$158,490	1
56	Car-Tex Trailer Company Inc, Carthage	$158.5 thousand$158,490	1
58	First Baptist Church, Carthage	$152.6 thousand$152,620	1
59	Commiato's Machine And Repair Service, Inc, Carthage	$146.2 thousand$146,200	1
60	Sonic Drive-In Carthage, LLC, Carthage	$139.9 thousand$139,900	1
61	H&H Engines And Equipment, LLC, Carthage	$128.0 thousand$128,000	1
62	Richard H. Thomas Inc, Carthage	$124.9 thousand$124,925	1
63	H & H Engines & Equipment LLC, Carthage	$124.5 thousand$124,508	1
64	Pat's Roustabout Service, Inc., Carthage	$123.2 thousand$123,200	1
65	Rjm Restaurants 8711, Carthage	$121.5 thousand$121,500	1
66	Commiato's Machine And Repair Service, Carthage	$121.3 thousand$121,264	1
67	J Elvin Smith & Associates, LLC, Carthage	$117.6 thousand$117,552	1
68	Toledo Prodcuts, Inc., Carthage	$115.8 thousand$115,830	1
69	Dennis Golden Od Pa, Carthage	$113.0 thousand$113,000	1
70	Carthage Service Center & Tires, LLC., Carthage	$111.4 thousand$111,400	1
71	Skvare, LLC, Carthage	$110.8 thousand$110,800	1
72	Logging Tech Forestry LLC, Carthage	$110.3 thousand$110,300	1
73	Animal Medical Center Of Panola County, Carthage	$109.1 thousand$109,060	1
74	Pierce Construction, Inc., Beckville	$107.8 thousand$107,800	1
75	Carthage Service Center & Tires LLC, Carthage	$107.1 thousand$107,147	1
76	Kelly's Carthage Collision Center Inc, Carthage	$106.1 thousand$106,055	1
77	Hal's Ac And Electrical, Inc., Carthage	$105.7 thousand$105,700	1
78	Dennis Golden Od Pa, Carthage	$105.6 thousand$105,625	1
79	Schumacher Construction Services LLC, Carthage	$103.7 thousand$103,715	1
80	Schumacher Construction Services, LLC, Carthage	$103.4 thousand$103,400	1
81	James Perschbacher, Long Branch	$103.2 thousand$103,186	2
82	Automobile Holdings LLC, Carthage	$102.5 thousand$102,500	1
83	Graves Truck Stop Inc, Carthage	$101.6 thousand$101,577	1
84	Graves Truck Stop, Inc., Carthage	$100.5 thousand$100,500	1
85	Panola County Processing LLC, Carthage	$100.0 thousand$100,000	1
86	White Lightning Protection Services, Carthage	$90,560	2
87	Mk Measurement And Automation Inc., Long Branch	$88,937	1
88	Carthage Drilling Inc, Carthage	$85,965	1
89	Youngblood Oil & Products, LLC, Carthage	$82,706	1
90	Sjohn L Kelly, Carthage	$82,624	1
91	Brb Carthage LLC, Carthage	$80,000	1
91	Little Nutt Oil Company Inc, Carthage	$80,000	1
93	Bisayan LLC, Carthage	$76,725	1
94	Logging Tech Forestry, LLC, Carthage	$75,100	1
95	Bisayan LLC, Carthage	$74,648	1
96	Carthage Drilling Inc., Carthage	$74,445	1
97	Trilogy Rehab Solutions, Inc., Gary	$72,089	1
98	Little Nutt Oil Inc., Carthage	$70,225	1
99	Mk Measurement & Automations Inc., Long Branch	$68,765	1
100	Pierce Construction Inc, Beckville	$68,750	1

How the list is drawn

100 of the 750 borrowers ranked in Panola 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 Panola 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.

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026

Data retrieved September 23, 2026

Panola County, as of September 30, 2024

The largest borrowers in Panola County · 2020–21

How the list is drawn

Related

Sources