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 50619
| Name of Borrower | Current Approved Amount |
|---|---|
| Community Nursing Home, Inc. | $407,331 |
| Schmadeke Feed Mill, Inc. | $75,667 |
| Snow Rock Dairies, LLC | $43,900 |
| Jeffrey Kramer | $41,300 |
| Opportunity Therapy, LLC | $38,650 |
| Steven J. Kramer | $38,487 |
| Mutt, Inc. | $31,338 |
| Orly's Meat Market & Locker | $31,203 |
| Legacy Machine, Inc. | $26,350 |
| Main Street Tax & Accounting, LLC | $26,203 |
| Kenny Bloker Masonry, LLC | $25,804 |
| Clarksville Lumber Company, Inc. | $25,768 |
| Randal Johnson | $20,833 |
| Barnett Seed, LLC | $20,800 |
| Mark Pothast | $20,800 |
| Calvin Mennenga | $20,800 |
| Leland Dean Fenneman | $20,800 |
| Lamar Nathan Chester | $19,500 |
| Samuel Barnett | $19,300 |
| Triple 's' Prairie Seeding, LLC | $17,100 |
| Christopher Fenneman | $17,100 |
| Leslie Wade Richardson | $16,430 |
| Doug's Heating and Cooling | $16,250 |
| Jason Klingenborg | $16,127 |
| Card, Inc. | $15,370 |
| Barnett Sandblasting | $14,719 |
| St. John Lutheran Church of Clarksville | $14,691 |
| New Day Dairy, LLC | $12,000 |
| Kurt Leerhoff | $11,400 |
| Harms Trucking, LLC | $10,800 |
| David Paul Wilken | $10,600 |
| Luke Lodge | $9,752 |
| Calvin Rottink | $8,870 |
| Russell Lovrien | $8,665 |
| All Star Construction | $8,435 |
| Scott Weinberg | $7,050 |
| Dale Mennenga | $6,962 |
| The Wild Hair Salon | $6,300 |
| Stacy Stephen Ragsdale | $3,300 |
| Community United Methodist Church of Clarksville, Iowa | $2,918 |
| Lodge Electric | $2,870 |
| Jeff and Steve Kramer Trucking | $2,750 |
| Michael Clark | $2,750 |
| Randy Miller | $2,704 |
| Thomas J. Barnett | $2,368 |
| Darren Spree | $1,400 |
| Dwayne Wordes | $524 |
| Curtis Michael Wefel | $415 |
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