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 50636
| Name of Borrower | Current Approved Amount |
|---|---|
| American Tool & Engineering, Inc. | $440,800 |
| Cole Excavating, LLC | $275,500 |
| Schroeder Concrete and Construction Corporation | $214,758 |
| MMS Greene Healthcare, LLC | $187,726 |
| Wunsch Construction, Inc. | $68,487 |
| Rogers Family Farm Partnership | $34,400 |
| Jensen New and Old Construction, LLC | $33,909 |
| Faron Jensen | $29,945 |
| Tres M, LLC | $25,300 |
| G&M Shultz Farms, Ltd. | $23,500 |
| Engels Farms, Inc. | $23,300 |
| Ross Plumbing and Heating, Inc. | $22,329 |
| Dayton Agent Company | $20,833 |
| Cody Marzen | $20,833 |
| Mark D Johnson | $20,833 |
| Mark D. Johnson | $20,833 |
| Matthew Ramker | $20,833 |
| Fredrick R. Staudt | $20,830 |
| Marzen Pork, LLC | $20,005 |
| RKD Biz, Inc. | $18,300 |
| St. Peter Lutheran Church | $18,026 |
| Rogers Livestock Company, LLC | $17,600 |
| Feldman Grain Farms, Ltd. | $16,900 |
| O'Brien Service and Towing | $15,963 |
| Mccandless Farms | $15,300 |
| Philip R. Pitzenberger | $14,948 |
| A & B Diversified Services, LLC | $13,635 |
| West Forty Market, LLC | $13,110 |
| Freeze Frame, LLC | $12,928 |
| Douglas D. Miller | $12,284 |
| Rottler Farms, Inc. | $12,153 |
| Dralle's Department Store, Inc. | $11,803 |
| Priscilla J. Landers | $10,833 |
| Newton Property Leasing, LLC | $10,833 |
| Michael Louis Reicherts | $9,970 |
| Deuell Trucking, LLC | $9,733 |
| Round Grove Golf and Country Club | $9,010 |
| Steve Stark Grain Tracker | $8,257 |
| Black Sheep Coffee Baa | $7,685 |
| Meyne Farms, Inc. | $7,385 |
| Majewski Tire | $6,756 |
| Carllton J. Kjos | $6,500 |
| Mel's TV & Appliance | $6,453 |
| Kurt Menken | $5,937 |
| St. Mary Church | $5,750 |
| Active Agent, LLC | $5,300 |
| Cambio Realty, LLC | $4,812 |
| Olene D. Schroeder | $4,687 |
| Nicole Miller | $4,648 |
| Dean Jensen | $4,200 |
| James T.D.C. Kern | $4,145 |
| Rottler Homes, Inc. | $3,537 |
| Steven Stuntz | $3,400 |
| United Methodist Church of Green Iowa | $3,231 |
| Michael Salge | $3,227 |
| Sneed Insurance Agency | $3,163 |
| DC Farms, Inc. | $3,000 |
| Treichel Repair, LLC | $3,000 |
| Joseph Donavon Staudt | $2,877 |
| Tyler Ruby | $2,540 |
| Michael Martzahn | $2,408 |
| Tj's Bar & Grill | $1,990 |
| Jensen Grain Farms, LLC | $1,500 |
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