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 50517
| Name of Borrower | Current Approved Amount |
|---|---|
| Bancroft Implement, Inc. | $1,904,200 |
| KLM Aquisitions Corporation | $1,899,200 |
| Deitering Bros, Inc. | $274,900 |
| Ingalls Honey, Inc. | $117,376 |
| Bob Boland Ford, Inc. | $112,475 |
| Bancroft Cargo, LLC | $75,825 |
| Precision Management Services, LLC | $54,137 |
| Ryan J. Goche | $53,333 |
| Brian's Feed Service, Inc. | $52,700 |
| Hager Foods, LLC | $38,292 |
| Education's Service | $38,223 |
| Main Street Pub, LLC | $36,980 |
| Merron Enterprises, LLC | $34,600 |
| Spa Dee Dah Too, LLC | $34,512 |
| Bancroft Daycare, Inc. | $32,720 |
| Phillip Eugene Heldorfer | $28,125 |
| St. John the Baptist Catholic Church | $27,237 |
| Duane Hellman | $26,818 |
| Nate's Auto and Truck Repair | $25,240 |
| Tigges Chiropractic Clinic | $24,700 |
| Thomas Hellman | $23,573 |
| Jeffrey Deitering | $23,387 |
| Richard Arndorfer | $22,547 |
| WD Gerhart, Inc. | $22,500 |
| Nathan Hellman | $21,786 |
| Jerry J. Bauer | $21,333 |
| Bryan Arndorfer | $20,833 |
| Dennis M. Vaske | $20,833 |
| H. L. D. Bauer, Inc. | $20,833 |
| Hellman Farms, Ltd. | $20,833 |
| James Bollig | $20,833 |
| Paul E. Hamilton | $20,833 |
| Brad Arndorfer | $20,833 |
| Andrew Nicholas Hellman | $20,833 |
| Vaske Bros., L. C. | $20,833 |
| James E. Vaske | $20,833 |
| Steven D. Kollasch | $20,800 |
| Dwayne Nyman | $19,328 |
| Wintexagro USA, Inc. | $19,037 |
| Andrew P. Merron | $18,975 |
| Dacken & Associates Insurance & Financial Services, LLC | $18,800 |
| Ingalls Electric | $18,500 |
| Derrick Bauer | $17,206 |
| John M, Schiltz and Heather R. Schiltz | $14,500 |
| Patrick Merron | $13,540 |
| Brian Hamilton | $12,913 |
| Bancroft Apothecary LP | $10,662 |
| First Call Electric, LLC | $10,150 |
| Fritzler Plumbing & Heating | $9,686 |
| Jerry Johnson | $7,537 |
| Harms Masonry, Inc. | $7,027 |
| TLC Livestock, Inc. | $6,667 |
| Shannon L. Goche | $6,600 |
| Scott A. Goche | $6,079 |
| Jeffrey Cook | $6,037 |
| Bernhard & Sons, LLC | $5,987 |
| Wrangling Grace Cafe | $5,796 |
| Ditsworth Auto | $3,322 |
| Andrea Broesder | $2,569 |
| Therese Richter | $1,000 |
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