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 51449
| Name of Borrower | Current Approved Amount |
|---|---|
| Stewart Memorial Community Hospital | $3,183,200 |
| Opportunity Living | $1,557,500 |
| Macke Motors, Inc. | $476,900 |
| Bowie International, LLC | $371,542 |
| Dobson Pipe Organ Builders, Lieutenant | $309,297 |
| Mohr Sand, Gravel and Construction | $134,500 |
| Collison Veterinary Services, P.C. | $120,762 |
| Daniel Construction, LLC | $76,173 |
| Mid-Iowa Insurance Associates of Lake City, Inc. | $75,400 |
| Lester Schleisman | $74,900 |
| Lake City Food Center, Inc. | $52,900 |
| Mark Schleisman | $51,600 |
| Woodlawn Pharmacy | $50,200 |
| Rock Vision Clinic, P.C. | $39,300 |
| R & S Block Partnership | $36,100 |
| Lake City Daycare, Inc. | $36,100 |
| MDL Farms, Inc. | $32,600 |
| Lake City Drive in | $31,000 |
| David Clark | $31,000 |
| Kevin Poen | $30,800 |
| Green CPA, PLLC | $30,400 |
| Lampe Funeral Home, Inc. | $27,961 |
| Wetter Insurance Agency, Inc. | $26,100 |
| Lake City Union Church | $25,400 |
| Southern Calhoun Agent Services, Inc. | $25,103 |
| Lake Creek Acres, Inc. | $22,942 |
| TS Electric, LLC | $22,581 |
| Daniel Construction Supply, Inc. | $22,500 |
| W W Q, Ltd. | $21,900 |
| Maria Blair | $20,833 |
| Robert Burley | $20,833 |
| William Smith | $20,800 |
| Kelan Richardson | $20,800 |
| Blair's Artistic Touches | $20,700 |
| Dan Morrow | $20,600 |
| St. Francis Catholic Church | $19,500 |
| Randall Lee Kent | $18,900 |
| Redenius Chiropractic, PLLC | $17,000 |
| B & S Tiling & Excavation, LLC | $16,512 |
| Skinner Innovations, LLC | $16,500 |
| William Kurth | $16,300 |
| Cleaning Specialists, Inc. | $16,200 |
| Vote Electric, LLC | $15,700 |
| Lake City Hardware, Inc. | $15,400 |
| Altaty Farms, Inc. | $15,309 |
| Marci Duncan | $14,300 |
| Block Farm Family, LLC | $13,000 |
| SJB Hauling | $12,800 |
| Daisy Hauling, LLC | $12,700 |
| Craig Schleisman | $12,300 |
| Ronald Buse | $12,100 |
| Petzenhauser Cattle Farms, LLC | $12,030 |
| John Kavanaugh | $12,000 |
| Lake City 24 Hour Fitness, LLC | $10,975 |
| Daniel Otto | $10,900 |
| Kindred Incorporation | $10,800 |
| Campbell Truck Line, LLC | $10,432 |
| Woodlawn Christian Church | $9,500 |
| JRP Tire & Repair | $9,464 |
| Scott H. Williams | $9,400 |
| Corey Cattle Farm, LLC | $8,240 |
| Whipell Turkey Farm, Inc. | $8,100 |
| Smith Brothers Farm, L.L.P. | $8,100 |
| Nicholas Joseph Miller | $8,000 |
| Mccollough Trucking, LLC | $8,000 |
| Daniel Smith | $7,700 |
| M & M Const., LLC | $7,500 |
| Dean Smith | $7,500 |
| Doug Filmer, Inc. | $7,500 |
| Lee Blair | $7,447 |
| Danny Streeter | $7,300 |
| Cornerstone Consultants, Inc. | $6,510 |
| Lake City Electric, LLC | $6,500 |
| Three Trees Data, LLC | $6,250 |
| Reporter Technologies., Inc. | $5,634 |
| Keith Skidmore | $5,600 |
| Gary Redenius | $5,414 |
| RTF, LLC | $4,300 |
| William Barkmeier | $4,200 |
| Devin Smith | $4,100 |
| William Higgins | $3,160 |
| Tyler J. Petzenhauser | $1,964 |
| Jodi Kreft | $1,400 |
| Central School Preservation, Inc. | $1,300 |
| Gary Bellinghausen | $1,200 |
| Robert Poen | $800 |
Alerts Sign-up