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 50604
| Name of Borrower | Current Approved Amount |
|---|---|
| Heartland Windows Manufacturing Company | $462,830 |
| Johnson Seed & Grain Services | $135,000 |
| Harken Lumber Company, Inc. | $79,460 |
| Eckles Farms, Inc. | $60,112 |
| Eiklenborg Salvage, Inc. | $46,693 |
| Johnson Swine | $43,225 |
| Flood Creek Services, LLC | $40,898 |
| Scarrott Tranport, LLC | $40,000 |
| Buss Trucking, LLC | $34,555 |
| Jim Schipper | $30,284 |
| John's Auto | $28,385 |
| Kidquest, Inc. | $25,000 |
| Vickie Mulford | $23,900 |
| Ryan Schipper | $22,534 |
| Lester Schipper | $20,833 |
| Cy One Farms, LLC | $20,833 |
| Thomas Poppens | $20,833 |
| Curtis R. Hook | $20,800 |
| First Reformed Church of Aplington, Iowa | $19,685 |
| Daniel L. Luiken | $16,400 |
| Gaylen Eilderts | $15,800 |
| Peters Crop Solutions, Inc. | $15,750 |
| Johnson Land & Livestock | $15,500 |
| Anthony J. Poppens | $13,480 |
| Bonnie Wessels | $13,279 |
| Keith Stockdale | $12,360 |
| Deford Insulating Company, LLC | $12,300 |
| Todd Hanken | $10,637 |
| Alfahay, LLC | $10,300 |
| Steven Harms | $10,266 |
| James A. Johnson | $9,800 |
| Grant Kampman | $9,356 |
| Aplington Chiropractic Clinic | $9,255 |
| Douglas R. Tjeerdsma | $8,880 |
| Huisman Truck & Auto Repair | $7,990 |
| Milkhouse Market, LLC | $7,215 |
| Double a Truck & Trailer Wash, LLC | $7,000 |
| Chad Schipper | $6,960 |
| Brian D. Wolff | $5,795 |
| Lavern Wolff | $5,155 |
| Koenen Trucking | $4,560 |
| Arlen Kromminga | $4,320 |
| Honey Creek Whitetails | $4,200 |
| M & Y Trucking, LLC | $4,081 |
| Bertram Construction | $3,912 |
| Dina J. Hanken | $3,890 |
| Shear Beautique | $3,054 |
| Jeff Mohwinkle | $2,310 |
| Mary Huisman | $1,940 |
| Larry Schipper | $1,177 |
| Allen Froning | $1,057 |
| Marjorie K. Devries | $905 |
| Greg's Taxidermy | $780 |
| Verlyn Schipper | $468 |
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