The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
PPP loans distributed in 2020 in ZIP Code 50669
| Name of Borrower | Current Approved Amount |
|---|---|
| Parkview Manor, Inc. | $375,982 |
| Sigita Jankunas, PC, D.D.S. | $94,300 |
| Vanhauen Auto and Truck | $88,500 |
| Truncks Country Foods | $80,534 |
| Farmers Feed & Supply of Reinbeck, Inc. | $71,570 |
| Schildroth Bros | $57,717 |
| Lon's Plumbing & Heating Company | $51,922 |
| G-R Daycare, Inc. | $50,000 |
| Reinbeck Pharmacy, Inc. | $49,832 |
| Kyle Blohm & Associates, Inc. | $44,863 |
| Nick Strohbehn Farms, Inc. | $43,293 |
| Sweet & Hartman, PLC | $42,135 |
| Fogt Farms, LLC | $41,665 |
| Prairie SKY Farm, Inc. | $34,800 |
| TRI County Farms Corporation | $34,666 |
| The Owen and Ehrig Corporation | $34,200 |
| Rickert & Wessel Law Office, P.C. | $34,185 |
| Fogt Farms Trucking, Inc. | $33,640 |
| Kyle Dudden | $31,114 |
| Gary Thede | $30,086 |
| Matt Buskohl | $29,104 |
| Twin Oaks Stock Farms, Ltd. | $25,993 |
| Robert J.R. And Yvonne Blohm | $25,240 |
| Main Street Logistics, LLC | $25,018 |
| Dinsdale Construction, LLC | $24,383 |
| Hoien Enterprises, Inc. | $21,524 |
| United Methodist Church of Reinbeck, Iowa | $21,185 |
| Jason Thede | $20,833 |
| Kevin Volkens | $20,832 |
| John T. Blohm | $20,663 |
| Fairview Farms 78, LLC | $20,430 |
| Holy Family Church | $20,053 |
| WBMR Farm, Inc. | $18,815 |
| Corn Beef Feed Lot, Inc. | $18,577 |
| New Life Assembly of God, Reinbeck | $18,100 |
| Luiken & Luiken, Inc. | $17,274 |
| Jon Bystricky | $16,710 |
| Daniel L. Bicket | $16,462 |
| Edwin L. Noteboom | $15,800 |
| Roy Henry Helmers | $15,384 |
| Par Farm Company | $15,299 |
| Matthew J. Shoup | $15,250 |
| Larry Depping | $13,252 |
| Smoldt Farms, Inc. | $12,500 |
| Benjamin Robertson | $12,422 |
| Preston J. Lynn | $11,040 |
| J Boldt Electric, LLC | $10,930 |
| Daniel L. Koch | $10,700 |
| Michael Chapman Jr. | $10,250 |
| Steven Kiewiet | $9,700 |
| Jennifer R. Worrell | $9,592 |
| KSF Farm Corporation | $9,500 |
| Michael Vanhauen | $9,057 |
| Pretty Properties, LLC | $8,750 |
| Bruce Oelschlager | $7,580 |
| Reinbeck Family Chiropractic | $7,389 |
| Josh W. | $6,757 |
| Doreen Pfiester | $6,580 |
| Dirk Dinsdale | $6,500 |
| Matthew A. Creswell | $6,150 |
| Riley Storjohann | $5,920 |
| Charles J. Murphy | $4,876 |
| Chris Schildroth | $4,830 |
| Scott Schildroth | $4,830 |
| Corner Cafe' | $4,440 |
| Mark Thesing | $4,400 |
| Ross & Jodi Devick | $4,100 |
| J. Boyer Farms, Inc. | $4,048 |
| VMG Snider, Ltd. | $3,400 |
| Uhlenhopp-Karkosh, LLC | $3,232 |
| Dan And Sarah Osborn | $2,617 |
| C & S Transportation | $2,600 |
| Cj's Salon | $2,407 |
| Gary L. Stanley | $2,375 |
| JH Droigk Trucking, Inc. | $2,250 |
| Jodi Lyn Michael | $2,082 |
| Larry Alan Rohach | $2,010 |
| Jack Brandt | $1,800 |
| Brenda Bown | $1,353 |
| TJ Kubik Construction & Snow Removal | $900 |
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