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 52591
| Name of Borrower | Current Approved Amount |
|---|---|
| Sigourney Tractor & Implement Company, LC | $3,739,362 |
| Keokuk County Health Center | $1,535,300 |
| First Resources Corporation | $1,332,200 |
| Atwood Electric, Inc. | $557,800 |
| Bender Foundry Service, Inc. | $428,260 |
| Keokuk Hills Beef Company, LLC | $407,500 |
| Daniel Brubaker | $93,530 |
| Sigourney Body Shop, Inc. | $89,800 |
| Brothers Market 8, LLC | $89,300 |
| Wagler Motor Company, Inc. | $70,500 |
| Century Insurance, LLC | $60,400 |
| H&M Farm & Home Corporation | $58,600 |
| RJ FRY Trucking, LLC | $57,100 |
| One Brother Construction, LLC | $50,805 |
| Brubaker Trucking | $43,910 |
| John N. Wehr, Attorney | $43,500 |
| Skyson Financial, Inc. | $41,600 |
| Pizza Ranch Ofsigourney, Inc. | $41,000 |
| JCM Services, LLC | $35,200 |
| Keoco Auction Company, LLC | $33,700 |
| T&C Insurance Group, Inc. | $32,900 |
| Misc. On Main | $32,700 |
| Staci Shettler | $31,100 |
| One of a Kind Customs, LLC | $30,328 |
| El Fogoncito | $29,400 |
| Phelps Auto Supply | $28,300 |
| Keokuk County Abstract Company | $27,700 |
| Morse Feed & Grain | $27,200 |
| LDL Builders, LLC | $25,800 |
| Keith A. Davis | $25,000 |
| Goldman Enterprises, LLC | $23,700 |
| Hammes Bulldozing, Inc. | $23,300 |
| Sigourney United Methodist Church | $23,300 |
| Belva Deer INN, LLC | $22,700 |
| Donald J. Davis | $21,400 |
| Dwight Strupp | $20,833 |
| Alex T. Weber | $20,833 |
| Mark O'Rourke | $20,832 |
| Mark Haines | $20,832 |
| Sigourney Lumber, Inc. | $20,800 |
| Zeb Webb | $18,534 |
| Renner Construction, LLC | $18,200 |
| Sigourney Heating and Air Conditioning, LLC | $16,926 |
| Greenleys Corporation | $16,200 |
| Hammes Masonry, LLC | $15,200 |
| Travis Brubaker Trucking, LLC | $14,300 |
| The Garden Gate | $14,029 |
| Midge's Malts, Inc. | $13,500 |
| Benny's Feed, LLC | $13,100 |
| Jerome Weber | $12,600 |
| Hammes Vermeer, LLC | $12,500 |
| St. Mary of the Assumption Catholic Church | $12,400 |
| David B. Klein | $12,100 |
| Sheets Chiropractic and Wellness, Inc. | $11,800 |
| Christian Church of Sigourney, Iowa | $11,500 |
| Dennis P. Hammes | $10,300 |
| Bain Electric | $10,200 |
| Klett Brothers, Inc. | $9,900 |
| Benjamin Brubaker | $9,668 |
| Aj Berg, Inc. | $9,475 |
| James Bechert | $9,200 |
| Sigourney Chiropractic and Wellness, LLC | $9,000 |
| Brian Sereg | $7,900 |
| Billy W. Claywell | $7,500 |
| FRY Trucking, LLC | $7,000 |
| M4I Concrete | $6,250 |
| Chad Heisdorffer | $6,200 |
| Geoffrey Allen Myers | $6,100 |
| Ricky F. Lee | $5,872 |
| Strobels, Inc. | $5,600 |
| Kyle Weber | $5,500 |
| Troy Denny | $5,300 |
| Edward Berg | $5,200 |
| Nicholas Stoner | $5,000 |
| Nicholas F. Hammes | $5,000 |
| Kevin P. O'Rourke | $4,700 |
| Amanda Snakenberg | $4,662 |
| Floyd H & Jean Strupp | $4,320 |
| Jody's Daycare | $4,300 |
| Marvin Anthony Snakenberg | $4,200 |
| Samantha Moore | $2,198 |
| Keokuk County Bowl | $2,000 |
| NDA Consulting, LLC | $1,800 |
| Fountain Fitness, LLC | $1,400 |
| Pauline Kay Bell | $1,400 |
| Timberview, LLC | $1,095 |
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