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 50674
| Name of Borrower | Current Approved Amount |
|---|---|
| Life Line Emergency Vehicles | $2,070,600 |
| Sumner Community Club | $950,000 |
| Hillcrest Home, Inc. | $533,800 |
| The Cahoy Group, Inc. | $497,325 |
| Echovision, Inc. | $213,900 |
| Seehase Masonry, Inc. | $109,700 |
| Matt Construction, Inc. | $108,400 |
| Buck Creek Turkey, Inc. | $98,100 |
| Cobblestone Court Assisted Living, LLC | $96,389 |
| Smith Excavating | $86,845 |
| Brian Eness PC, D.D.S. | $78,188 |
| Stephanie a Beesecker PC, D.D.S. | $65,583 |
| Hoth Grain Structures, Inc. | $65,427 |
| David P. O'Brien | $60,500 |
| Sumner Building Center, Inc. | $59,302 |
| Meyer Constructions, Inc. | $57,695 |
| Dillon Law, PC | $55,400 |
| Seehase Concrete, Inc. | $53,200 |
| Meyer's Custom Chevy | $46,042 |
| Meyer Dairy Farms, Inc. | $43,900 |
| Chang Cornerstone Clinic | $39,600 |
| Sumner Emergency Medical Services, Inc. | $38,500 |
| Maifeld Landscaping, LLC | $37,600 |
| The Plumbing and Heating Shop, Inc. | $35,500 |
| Dale R. Diemer | $34,910 |
| L & M Electric, LLC | $31,000 |
| James Peters | $30,500 |
| JNF Construction, LLC | $30,000 |
| Liquid Glass, Inc. | $27,000 |
| Tieskoetter Collision Center, LLC | $26,687 |
| Mayo Family Care, LLC | $26,665 |
| Jack Hartman | $26,643 |
| Vanguard Publishing Company | $21,600 |
| Jeffrey A. Brandt | $21,500 |
| Danny Buls | $21,333 |
| Sumner Extruding Company, Inc. | $21,200 |
| Janet M. Eckenrod | $20,832 |
| Anthony L. Buls | $20,832 |
| Brian R. Eckenrod | $20,832 |
| Mark Zell | $20,832 |
| Pamela J. Rogers | $20,830 |
| James Nolte V | $20,800 |
| Brian Boevers | $20,700 |
| Kevin E. Brandt | $20,500 |
| Ryan Smith Plumbing and Heating, LLC | $20,000 |
| Gerry Schwake | $19,400 |
| Alden Arthur | $18,000 |
| Sumner Chiropractic Clinic | $17,500 |
| Klenzman Tire, Inc. | $15,463 |
| The Wild Rose | $14,948 |
| Matthew Strottman | $14,900 |
| Keith H. Kuhlmann | $14,800 |
| Larry L. Toenges | $14,500 |
| Judisch Farms, Inc. | $14,100 |
| David Figanbaum | $13,800 |
| Myers Trucking, LLC | $13,355 |
| Clell Howard | $13,100 |
| Bradley Bunce | $12,900 |
| Donald R. Buhr | $12,600 |
| Bewitched Cleaning Services | $11,600 |
| Kyle E. Rich, Inc. | $11,202 |
| The United Methodist Church of Sumner, Iowa | $10,700 |
| The Meadowbrook Country Club | $10,100 |
| Crane Creek Critters, LLC | $9,500 |
| St. Paul's Lutheran Church Missouri Synod, Sumner, Iowa | $8,800 |
| Eric Baker | $8,740 |
| Patrick J. Duffy | $7,900 |
| Craig Petersen | $7,500 |
| Timothy J. Arthur | $7,417 |
| Faith Evangelical Church | $7,352 |
| Immaculate Conception Catholic Church | $7,300 |
| Jude Rochford | $7,200 |
| Russ Ball | $7,100 |
| Walvatne Installation, LLC | $6,875 |
| St. John Evangelical Lutheran Church Sumner, Io | $6,500 |
| St. Francis Church, Fayette, IA | $5,400 |
| Paul J. Youngblut | $5,323 |
| Jeffrey Bruch | $5,100 |
| Walvatne Floor Covering, LLC | $5,045 |
| Loren Necker | $5,000 |
| Kevin Meyer | $5,000 |
| Reed Trucking, LLC | $4,844 |
| Marshall Reed | $4,489 |
| Stan's Small Engine | $4,121 |
| Tim Bunce | $4,100 |
| Boz, LLC | $3,891 |
| Susan K. Kirchhoff | $3,700 |
| Amy L. Clark Family Child Care, LLC | $3,700 |
| Michael D. Kirchhoff | $3,700 |
| Pagel Sunlight | $2,988 |
| Meagan J. Peyton | $2,700 |
| Wade Robertson | $2,625 |
| Corn Field Kids | $2,500 |
| Walvatne Floor Covering Management Company | $2,200 |
| Bushman Express | $2,200 |
| Ashley D. Bushman | $1,400 |
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