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 52211
| Name of Borrower | Current Approved Amount |
|---|---|
| T. I. P. Rural Electric Cooperative | $425,000 |
| Capitol Resources, Inc. | $360,414 |
| Brooklyn Community Estate, Inc. | $338,900 |
| Minturn, Inc. | $294,915 |
| Bear Creek Dairy Limited Partnership | $150,442 |
| Brooklyn Medical Clinic | $120,401 |
| Eastern Iowa Geothermal, Inc. | $85,900 |
| D & M Westerdale Trucking, Inc. | $78,316 |
| K & M Concrete, LLC | $57,131 |
| Interstate Truck Repair, Inc. | $49,135 |
| Brooklyn Grocery | $47,827 |
| Cub's Automotive, Inc. | $46,900 |
| Bird One, Inc. | $43,930 |
| Lone Star Truck and Tire | $43,455 |
| Collum Electric Service, LLC | $41,031 |
| Kriegel Farms, LLC | $35,539 |
| RJ Hoffert Financial, Inc. | $31,890 |
| Vanlandschoot, Inc. | $29,912 |
| Yarrabee Farms, Inc. | $29,547 |
| Hall's Feed & Seed, Inc. | $26,729 |
| Precision Concrete, Inc. | $25,493 |
| Park View INN & Suites of West Bend, LLC | $22,765 |
| Brooklyn Building Center Company, Inc. | $22,600 |
| Theodore A. Kriegel | $20,833 |
| Anthony A. Kriegel | $20,833 |
| 5K Trucking | $20,833 |
| US Agent Services, LLC | $20,800 |
| Timm Electric, Inc. | $20,387 |
| Glen Berry | $20,133 |
| Corkey Creations | $20,065 |
| Brooklyn Community Development | $19,112 |
| K & A Roller, LLC | $18,880 |
| Jkbee Finishers, LLC | $18,497 |
| Countertops Plus of Iowa, Inc. | $16,700 |
| Massengale, Inc. | $16,486 |
| Vans Roofing, Siding & Construction | $15,593 |
| Bruce Baustian Construction, Inc. | $15,100 |
| The Classic Deli, LLC | $15,017 |
| 5-Star Sprayfoam, Inc. | $14,700 |
| Grace United Methodist Church | $14,297 |
| Rick A. Schafbuch | $13,535 |
| Jack Building & Design Company, LLC | $12,333 |
| Chris Kriegel, Inc. | $12,110 |
| Smith Automation Electrical | $11,704 |
| Brooklyn-Malcom Presbyterian Parish | $11,453 |
| RJ Investment Company | $11,300 |
| Signs by Fisher | $10,114 |
| Hall's Building & Services, Inc. | $9,073 |
| Brooklyn Fabric Company, LLC | $8,853 |
| Aspire to Inspire Fitness | $8,750 |
| Bryan Morrison | $7,915 |
| Jerome Kline Farms, Inc. | $7,300 |
| Mcneil Crop Services, LLC | $7,037 |
| Nathan Arens | $7,000 |
| Joseph D. Kriegel | $6,504 |
| Rodney C. Schafbuch | $6,495 |
| Decoster Electric, Inc. | $6,250 |
| Graham Metal Fabrication, LLC | $6,082 |
| Carla R. Kriegel | $5,944 |
| Schafbuch Farms, Inc. | $5,690 |
| Kayleen Tometich | $5,620 |
| Faas Construction & Excavating, Inc. | $5,436 |
| Marvin Waterbeck | $4,900 |
| Kriegel Masonry Company, Inc. | $4,800 |
| Kerry J. Kriegel | $4,373 |
| Fred C Griffith Trucking, LLC | $3,750 |
| Larry Houser Construction, Inc. | $3,750 |
| Schuur Pilot Car, LLC | $3,300 |
| SGC, LLC | $2,500 |
| CJC Transport, Inc. | $2,500 |
| Randall Read | $1,244 |
| Iron Horse Transportation, LLC | $1,097 |
| Minnaert Bookkeeping | $518 |
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