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 50598
| Name of Borrower | Current Approved Amount |
|---|---|
| Whittemore Feeders Supply, Inc. | $130,500 |
| Kollasch Land and Livestock, Inc. | $106,400 |
| Wirtz Brothers | $89,000 |
| Ronald Kollasch | $29,088 |
| Elbert Bros Well Drilling, Inc. | $27,500 |
| Jayson Bierstedt | $25,100 |
| Alan Andrew Laubenthal | $24,322 |
| Wagner Bros. Trucking, Ltd. | $22,976 |
| Gerald Mergen | $21,292 |
| Travis Nelson | $20,833 |
| ABS Farms | $20,833 |
| Mathew Elbert | $20,833 |
| Michael D. Gunderson | $20,833 |
| Daniel Hansen | $20,833 |
| Ted A. Greinert | $20,833 |
| Mark Steier | $20,800 |
| Marcus U. Miller | $18,000 |
| Schmitt Hardware, Inc. | $15,100 |
| Langerman Enterprises, Inc. | $14,400 |
| Cody Knecht | $13,100 |
| KTB Farms, Inc. | $12,800 |
| Eugene F. Kollasch | $12,743 |
| Fern Valley Feeders | $12,700 |
| J&J Custom Meats, LLC | $11,500 |
| EBG Agent, Inc. | $10,000 |
| Simonson Farm Enterprises, Inc. | $9,800 |
| L & G, Inc. | $9,000 |
| T & S Ventures, Inc. | $8,400 |
| Saint Paul's Lutheran Church | $8,400 |
| THB Enterprises, Inc. | $8,300 |
| Kent Elbert Farms | $8,000 |
| DCB Agent Enterprises, Inc. | $7,200 |
| David W. Koppen | $6,400 |
| Muller Corporation | $6,300 |
| Matthew Koppen | $5,700 |
| Kimberly Kollasch | $5,500 |
| Stone Trucking | $5,500 |
| Thomas H. Bjustrom | $5,400 |
| Windmill View Farms, Ltd. | $5,250 |
| Christopher Schmidt | $5,100 |
| Dean P. Dahlhauser | $4,300 |
| C. L. E. S., Inc. | $4,250 |
| Philip & Merrill Bormann Partnership | $4,000 |
| Porcao Farm, Inc. | $3,700 |
| Kuecker Agronomy Corporation | $3,100 |
| Timothy R. Allen | $2,700 |
| Meyer Agent Aviation, Inc. | $2,500 |
| Kent D. Bonnstetter | $2,300 |
| Meyer Aviation, Inc. | $2,300 |
| Dustin Fehr Construction, Inc. | $2,000 |
| Jared P. Koppen | $1,800 |
| NWM Cleaning | $1,000 |
| Kolt King | $900 |
| Stuart A. Simonson | $700 |
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