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 52224
| Name of Borrower | Current Approved Amount |
|---|---|
| Tama-Benton Cooperative Company | $324,100 |
| Hatch Grading & Contracting, Inc. | $67,300 |
| Pipho and Gingrich Family Dentistry, PLLC | $57,600 |
| Farmers Cooperative Telephone Company | $55,400 |
| Eikamp & Associates, Inc. | $51,300 |
| Little Knights Learning Center | $33,600 |
| Weber Heating and Plubming and Ac | $33,510 |
| Dysart Tire & Service, Inc. | $31,178 |
| E. C. Concrete & Masonry | $30,100 |
| Luze Farm Corporation | $29,200 |
| Youngs Sales & Service, Inc. | $26,899 |
| Petersen Trucking, Inc. | $26,792 |
| Rick Raub | $25,200 |
| D-C Communications, Inc. | $21,800 |
| CNC Lunber & Supplies, LLC | $21,400 |
| Justin Pippert | $20,833 |
| Kirk Stock | $20,833 |
| Steven Pippert | $20,833 |
| Wilson Farm Corporation | $20,833 |
| Ty Staveley | $20,833 |
| Jerry Messer | $20,800 |
| Lee W. Raub | $20,800 |
| Serious Sanitation, Inc. | $19,984 |
| Custom Creations by Sheri, L. C. | $18,700 |
| John & Jay Scott Messer Partnership | $18,173 |
| Valley Lane Farms, Inc. | $17,500 |
| Vermedahl Investments, LLC | $15,800 |
| Geneseo United Methodist Church | $15,547 |
| Mahr Transport, Inc. | $14,300 |
| Fischels Holdings, LLC | $13,559 |
| Mark Vernon Dengler | $12,300 |
| Thomas K. Petersen | $12,154 |
| Brustkern Plumbing, LLC | $11,892 |
| Youngblut Agent, Inc. | $11,538 |
| Samuel Kvidera | $11,500 |
| Dysart Recreation, Inc. | $10,743 |
| Bret Hennessy | $10,427 |
| Hala Built Competition Engines | $9,528 |
| Zion Lutheran Church | $9,000 |
| Amber Staveley | $7,807 |
| Larry L. Or Jon R. Winkelpleck Associates | $7,700 |
| Ke Black Mercantile, LLC | $7,400 |
| Dobson Trucking, LLC | $7,100 |
| Sam Wieben | $6,600 |
| Flores Financial | $6,300 |
| Playhouse Daycare Center | $5,994 |
| Schrader Farms Trucking, LLC | $5,861 |
| Werner Transport, LLC | $5,487 |
| Kent C. Aschenbrenner | $4,400 |
| Robert Winter | $4,200 |
| Camb, LLC | $3,945 |
| 12 Bolt, LLC | $2,500 |
| Julie Elliott | $2,120 |
| Jacob Raub | $1,800 |
| Debt Roettger | $1,772 |
| Martin Halstead | $1,700 |
| Marcus Bahr | $1,666 |
| Alissa Klenk | $1,583 |
| Zachary Winkelpleck | $1,300 |
| Gary Keith Brunssen | $1,030 |
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