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 50602
| Name of Borrower | Current Approved Amount |
|---|---|
| Hayes Business Group, LLC | $437,735 |
| Pigco Precision Maintenance, LLC | $94,300 |
| Allison Family Dental, PC | $74,887 |
| Langfritz Seed, Inc. | $59,680 |
| Cooper Motors, Inc. | $50,173 |
| Allison Farmers Feed & Grain | $48,977 |
| Bixtrans, L. C. | $32,935 |
| Gregory Lievens | $32,655 |
| Joe's Heating Cooling & Plumbing, LLC | $31,572 |
| Butler County Abstract Company | $28,100 |
| Allimont Pharmacies, Inc. | $27,250 |
| Trinity Reformed Church | $23,750 |
| John Wessels Farms | $22,916 |
| Kluiter Auto Repair, LLC | $22,276 |
| Wix Water Works, LLC | $21,555 |
| Edward Johnson | $20,833 |
| Harlan Kruse | $20,833 |
| Kc Power Sprots | $20,833 |
| Tom Eckhoff | $20,800 |
| Doyle Brocka | $20,100 |
| Jacobs Dairy | $19,717 |
| Brent Janssen | $19,207 |
| Landers Ulfers Insurance Agency | $19,000 |
| Allison Vet Service, PLLC | $18,290 |
| Legacy Auction Company | $17,800 |
| St. James Lutheran Church of Allison, Iowa | $17,765 |
| BFT, Inc. | $16,936 |
| Seehusen & Sons, Inc. | $16,582 |
| George Daniel Roose | $16,093 |
| Abbas Express, Inc. | $15,300 |
| John V. Heeren | $10,660 |
| Martin Reeser | $10,415 |
| Mitchell Reeser | $10,415 |
| Hummel Farms, Ltd. | $9,750 |
| Michael Wayne Stirling | $9,235 |
| Jay T. Schrage | $9,117 |
| TRB Transport, LLC | $8,765 |
| Kevin Edeker | $8,593 |
| Conradi Trucking, LLC | $7,422 |
| Jennifer Heeren | $6,587 |
| James Seehusen | $6,287 |
| Reints Trucking | $6,188 |
| Larry Westendorf | $5,777 |
| Jon Heuer Construction | $5,376 |
| Highview Trucking | $5,090 |
| Cherry Street Child Care | $5,052 |
| Bergmann Sandblasting & Painting, LLC | $5,000 |
| David W. Harms | $4,965 |
| Kendall Obermier | $4,400 |
| A P Pork L. C. | $3,250 |
| David R. McWhirter | $2,755 |
| Eugene Ostendorf | $2,359 |
| Brenda Heuer | $2,336 |
| Anthony Fecht | $1,835 |
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