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 52203
| Name of Borrower | Current Approved Amount |
|---|---|
| Amana Society, Inc. | $1,662,815 |
| Colonial Manor of Amana, Inc. | $459,102 |
| Ox Yoke INN, Inc. | $336,090 |
| Millstream Investments, Inc. | $151,400 |
| Essence of Life, LLC | $141,400 |
| The Ronneburg Restaurant & Gifts, Inc. | $125,200 |
| John C Wagner Law Offices, P.C. | $105,680 |
| The Old Creamery Theatre Company | $90,992 |
| Kahler Golf, LLC | $73,200 |
| Thompson Aero, Inc. | $62,750 |
| Oehl Plumbing Heating Electrical & Ac | $55,457 |
| Iowa Valley Resource Conservation and Development | $55,312 |
| Lakeview Village, Inc. | $52,920 |
| Uthoff Family Chiropractic, P.C. | $48,510 |
| Christensen Family Dental, PLC | $41,442 |
| Zinser Wrecking Company, LLC | $36,100 |
| Kloubec Koi, LLC | $33,325 |
| The Chocolate Haus, Inc. | $31,992 |
| Amana Heritage Society | $29,900 |
| Kloubec Earthworks, LLC | $29,122 |
| Longview Financial Services, Inc. | $26,815 |
| Village Winery, Inc. | $24,655 |
| Lagrange, Inc. | $23,975 |
| Abe Custom Homes, LLC | $19,560 |
| Heritage Designs, Inc. | $19,398 |
| Select Signing, Inc. | $18,070 |
| Amana Motel, LLC | $16,600 |
| Reihmann Concrete Construction, LLC | $15,177 |
| Rock Hardscapes | $12,179 |
| Tastings, LLC | $11,300 |
| Amana Colonies Bakery and Cafe | $10,300 |
| Nemec Land Improvements, LLC | $9,580 |
| Lopata Encounters, Inc. | $8,332 |
| Amana Colonies Popcorn and Ice Cream Company | $7,500 |
| Sandersfeld R & D, LLC | $7,500 |
| Whtie Cross Cellars, Inc. | $6,922 |
| Dancesport of Iowa, Inc. | $6,312 |
| Charles McKenzie | $6,280 |
| Amana Colonies Festivals, Inc. | $5,114 |
| Amana Colonies Historical Sites Foundation | $4,687 |
| Brenna J. Maher | $4,361 |
| Jessica Steckly | $3,489 |
| Crossroads Design, LLC | $3,394 |
| Shelby Nemec | $2,402 |
| Lilea Kuhns | $1,528 |
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