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 52301
| Name of Borrower | Current Approved Amount |
|---|---|
| Marengo Memorial Hospital | $2,348,705 |
| J & J Cattle Company | $410,575 |
| Paradym Health Care, Inc. | $346,100 |
| Charles Capper Auto Center, Inc. | $204,300 |
| S & S Plumbing, Heating, and Air Conditioning, LLC | $157,599 |
| Wilrona, LLC | $145,000 |
| Brian Miller Excavating | $129,663 |
| Kinzenbaw Earthmoving, Inc. | $102,300 |
| Marengo Ready Mix, Inc. | $76,902 |
| Marengo Farm & Home, Inc. | $60,300 |
| Charles G. Scott | $59,358 |
| River Valley Dialysis, LLC | $47,187 |
| Express Stop, Inc. | $45,184 |
| Iowa Valley Eye Care, PLC | $42,789 |
| 20/20 Contruction, LLC | $39,404 |
| Eva M Goettsch PC, D.D.S. | $34,400 |
| Heartland Crush, LLC | $31,487 |
| Harned & Mcmeen | $29,700 |
| RMA Transport, Inc. | $29,500 |
| Terry L Babor, D.D.S. | $28,780 |
| Zuber Grain, Inc. | $28,761 |
| Dale W. Folkmann | $28,657 |
| Browns Hardware, Inc. | $28,100 |
| K&K Supply, LLC | $27,600 |
| Roggentien Electric | $26,700 |
| York Construction, Inc. | $25,400 |
| Fiser Construction | $23,600 |
| Meyer Livestock Services | $21,800 |
| Switzer Counseling Services, LLC | $20,833 |
| Ronald Mohr | $20,832 |
| Ryan Jones | $20,830 |
| St. John's Lutheran Church | $20,000 |
| Kooyman Tax Service | $18,791 |
| Specialized Concrete, Inc. | $18,644 |
| Phat Daddy's, Inc. | $17,394 |
| First Lutheran Church of Conroy, Iowa | $15,484 |
| Professional Service Association | $14,800 |
| Marengo Golf Club | $14,400 |
| Kriegel Construction | $13,854 |
| Wyant Grain, Inc. | $13,540 |
| H & S Properties of Cedar Rapids, LLC | $12,400 |
| Joshua W. Simmons | $12,185 |
| Vision Concrete | $12,146 |
| Koszta Farm Corporation | $11,700 |
| Marengo Drywall Company | $11,662 |
| Darrell S. Haack | $10,885 |
| Whiteys Oil Company | $10,444 |
| D Squared Farms, Inc. | $10,280 |
| Roggentien Salvage, LLC | $8,558 |
| Todd Roberts | $7,500 |
| Chris Johnson | $7,200 |
| Stover Abstract Company | $6,754 |
| Zuber's Corporation | $6,640 |
| Daren Folkmann Farms | $5,700 |
| Rona Wyant | $5,408 |
| Tony Geary | $5,130 |
| Safe Haven of Iowa County | $5,000 |
| Mellissa Zuber Insurance, Inc. | $4,165 |
| Belden Logging, Inc. | $3,100 |
| Mullnix Collision Center, LLC | $2,900 |
| House Of Styles | $2,878 |
| Western Holiday Hotels, LLC | $2,800 |
| James M. Brecht | $2,385 |
| Jenna Rice | $1,908 |
| Furniture Medic by Smolik Enterprises | $1,485 |
| MacHt Nicht Furniture | $1,400 |
| Justin W. Sayers | $250 |
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