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 52563
| Name of Borrower | Current Approved Amount |
|---|---|
| Copeland Auto Body, Inc. | $171,400 |
| Davis Painting, Inc. | $62,100 |
| Linder Electric, Inc. | $54,000 |
| Fremont Country Stores, LLC | $36,039 |
| Scott Perkins Finishing Facilities, LLC | $34,639 |
| Gambell Farms, Inc. | $31,248 |
| Gobbler Creek Seeds, LLC | $24,475 |
| James Sterling | $24,380 |
| Colt Mefford | $23,400 |
| Lowenberg Agent, Inc. | $22,000 |
| Douglas Sieren | $20,833 |
| Randy Abel | $20,833 |
| Robert Fink | $20,833 |
| Elizabeth A. Moore | $20,833 |
| John Kielkopf | $20,833 |
| Todd A. Moore | $20,833 |
| David L. Jones | $20,833 |
| Mark Jacobs | $20,832 |
| Kurt Lowenberg | $20,830 |
| Ben Campbell | $20,800 |
| L & L Sieren Farms, Inc. | $20,800 |
| Sam Wright | $20,800 |
| Anthony Wayne Bayliss | $20,800 |
| L & L Risk Management, Inc. | $20,600 |
| RW Horras, Inc. | $20,500 |
| Hedrick Elevator, Inc. | $19,400 |
| Classic Trucking, Inc. | $19,300 |
| Vogel Livestock, LLC | $18,600 |
| Daniel N. Weber | $17,800 |
| Kris Miller | $14,300 |
| R&M Sieren Farms, Inc. | $13,500 |
| C&S Sylvester Farm, Inc. | $12,727 |
| Brad Sylvester | $12,400 |
| Book Farms | $11,700 |
| Jerry Rice | $11,292 |
| Lowenberg Farm, Inc. | $10,663 |
| Vogel Dirtworks, LLC | $10,000 |
| Nicholas Vanderhorst | $9,540 |
| Mark A. Gates | $9,115 |
| Comstock Family Chiropractic | $8,077 |
| Hedrick-Martinsbug United Methodist Church | $8,075 |
| Roger Swanson Trucking | $7,800 |
| Heritage Family Farms, LLC | $7,712 |
| Gregory H. Millikin | $6,800 |
| Noel Brothers | $6,800 |
| Evergreen Sieren Farms, Inc. | $6,500 |
| Donald J. Brain | $5,517 |
| Zac Brain Trucking | $5,500 |
| 4-M Properties, LLC | $5,200 |
| Steady Run Farms, Inc. | $4,100 |
| Lori Dickey | $4,000 |
| Matthew Noel | $3,800 |
| Stacie Noel | $1,000 |
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