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 50665
| Name of Borrower | Current Approved Amount |
|---|---|
| Sinclair Elevator, Inc. | $634,300 |
| Rick Degroote | $455,800 |
| Brother's Market, Inc. | $124,300 |
| Custom Fit Foot Orthotics, Inc. | $60,500 |
| Parkersburg Family Dental | $58,153 |
| Johnson Plumbing & Heating, Inc. | $51,264 |
| Sailer Ford, Inc. | $49,700 |
| Kruger Ag | $48,582 |
| Degroote Grain Farms, GP | $47,100 |
| Campbell Insurance Group, Inc. | $46,690 |
| Redman-Schwartz Funeral Homes, Inc. | $43,257 |
| Highview Animal Hospital, PC | $42,760 |
| Robert Dean Trucking | $40,129 |
| City Sanitary Service, LLC | $39,000 |
| Charles Becker | $35,713 |
| B & L Equipment, LLC | $32,040 |
| Klinkenborg & Hansmann | $30,100 |
| Mitchell R. Cashatt | $28,575 |
| Starlight Recovery & Investigations, LLC | $27,720 |
| Byron Beninga | $26,800 |
| Prentice Karsjens | $25,470 |
| LJ Ellis, LLC | $25,137 |
| Falcon Pride Properties, LC | $23,750 |
| A-P Fertilizer, LLC | $23,180 |
| Parkersburg Chiropractic, P.C. | $22,944 |
| Michael D. Meester | $20,833 |
| Dallas Wessels | $20,833 |
| Sandra Sessler | $20,833 |
| Ball Investments, LLC | $20,833 |
| Spain Acres, Ltd. | $20,832 |
| Randall J. Luhring | $20,830 |
| Daniel Walvatne | $20,800 |
| Todd Thomas | $20,800 |
| Campbell-Mellema Realty, LLC | $20,800 |
| Duane Arends | $19,700 |
| Aaron Thomas | $19,380 |
| Lee Aswegen | $18,960 |
| Kyle G. Henrichs | $17,745 |
| Matt's Grill & Bar, Inc. | $17,743 |
| Bethel Luthern Church | $17,590 |
| Freedom Repair & Construction, LLC | $15,877 |
| Kevin Toben | $15,100 |
| Lawler & Swanson, P.L.C. | $14,400 |
| Truax Insurance, Inc. | $13,612 |
| C & N Auto and Truck Supply, Inc. | $13,513 |
| Our Neighborhood Grill, LLC | $13,465 |
| Robert Kolder | $13,300 |
| Toben Drainage, LLC | $12,500 |
| T & K Farms | $11,229 |
| Shane Poppens | $11,085 |
| Thorne Metal Works | $11,000 |
| Duane Johnson | $11,000 |
| Sean Douglas Bellows | $10,900 |
| Schuck Realty | $10,097 |
| Elizabeth M. Wayne | $10,000 |
| The United Methodist Church of Parkersburg, Iowa | $9,875 |
| The Dent Manager, LLC | $9,700 |
| Eiklenborg Cattle, LLC | $9,200 |
| A-P Tax & Accounting, Ltd. | $8,900 |
| Matt Miller Masonry | $8,500 |
| Clark Lupkes | $8,460 |
| Meester Construction, LLC | $8,396 |
| Sandra Cox | $8,300 |
| Irvin Haan | $8,200 |
| Luhring Services, LLC | $8,200 |
| Randall J. Bohlen | $7,840 |
| Buseman Construction | $7,154 |
| Patty Beninga | $7,100 |
| Parkersburg Tire & Alignment LC | $7,000 |
| Luhring Monuments, Inc. | $6,800 |
| Everts Construction | $6,700 |
| Jennifer M. Cashatt | $6,211 |
| James O. Martindale Jr. | $6,125 |
| C & N Farms & Swine, Inc. | $6,100 |
| Profinishes | $5,850 |
| James O. Martindale III | $5,790 |
| Posing Willows | $5,751 |
| Endelman Farms | $5,090 |
| Riley Brocka | $5,000 |
| Christopher Buseman | $4,775 |
| Tom E. Mann | $4,337 |
| Bryon Aswegen | $4,053 |
| Jeffrey A. Johnson | $4,000 |
| Stephanie Freese | $3,762 |
| Teresa L. Deboer | $3,700 |
| Katie B. Reints | $2,800 |
| Beaver Meadows Country Club | $2,391 |
| Gerald Haan | $2,300 |
| Annie Dohrn | $2,108 |
| Steven Sessler | $1,836 |
| Maddog's Bar, LLC | $1,800 |
| Kyle Poppens | $1,440 |
| Dennis Aswegen | $1,411 |
| Bradley Allspach | $1,200 |
| Verlen Oelmann | $990 |
| Kevin Kruger | $606 |
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