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 50677
| Name of Borrower | Current Approved Amount |
|---|---|
| Doerfer Corporation | $6,186,761 |
| Waverly Health Center | $5,553,300 |
| Wartburg College | $4,341,000 |
| GMT, LLC | $3,190,339 |
| United Equipment Accessories, Inc. | $1,604,000 |
| Bartels Lutheran Home | $1,504,900 |
| Northern Iowa Therapy, PC | $1,016,625 |
| Rada Manufacturing Company | $994,100 |
| Baker Enterprises, Inc. | $715,900 |
| Taylor Physical Therapy Associates, LLC | $621,500 |
| Network Management & Control Corporation | $603,800 |
| Jerry Roling Motors, Inc. | $472,700 |
| Ryka Incorporated | $357,300 |
| St. Paul's Evangelical Lutheran Church of Waverly, Bremer Company | $304,000 |
| Two Thumbs Up Investments, LLC | $272,992 |
| Digital Dog Pound | $268,000 |
| The Larrabee Center, Inc. | $267,600 |
| Tatroe Electric, Inc. | $208,120 |
| Steege Construction, Inc. | $189,000 |
| Rubber Development, Inc. | $182,300 |
| Waverly Tire Company | $171,100 |
| P and B Eye Care, LLC | $152,960 |
| Artesian Earthworks, LLC | $152,603 |
| Walsworth Family Dentistry | $145,900 |
| Northeastern Iowa Synod of the Evangelical Lutheran Church I | $142,600 |
| Waverly Child Care and Preschool | $140,600 |
| Shovel 1, Inc. | $140,400 |
| Premier Furniture & Equipment, LLC | $138,600 |
| Wells Hollow Landscaping, LLC | $132,300 |
| Midwest Mold Builders, Inc. | $129,200 |
| Deike Implement Company | $128,900 |
| Topw, Inc. | $128,100 |
| Tiedt Nursery, Ltd. | $121,800 |
| Prairie Links Golf & Event Center, LLC | $115,723 |
| Waverly Family Dentistry, LLC | $113,200 |
| Waverly Sales Company, Inc. | $110,680 |
| Waverly Hospitality, Inc. | $96,200 |
| 2 Guys Interior Designs, Inc. | $94,200 |
| Tatroe Trenching Services, LLC | $93,300 |
| Elsamiller Electric, Company | $87,300 |
| R. D. Drenkow & Company, Inc. | $87,250 |
| Krueger Auto & Truck Villa, in | $82,200 |
| Kaiser-Corson Funeral Homes, Inc. | $81,200 |
| Happy Feet, Inc. | $77,500 |
| Yoder Construction of NE Iowa, LLC | $77,260 |
| Dales Service, Inc. | $76,625 |
| Simon Sez Powerhouse, Inc. | $75,954 |
| Andymar, Inc. | $75,600 |
| K & L Draperies, Inc. | $73,750 |
| Waverly Veterinary Clinic, P.C. | $73,400 |
| Miller Brothers Enterprises, Ltd. | $72,700 |
| Waverly Ranch, Inc. | $72,200 |
| Smiley Family Dentistry | $70,300 |
| Tenenbaum's Jewelry, Inc. | $68,800 |
| Darling & Mint, LLC | $66,500 |
| Evenqualityworks, Inc. | $66,500 |
| Paradigm Benefits, LLC | $65,527 |
| Westwood Embryo Services, Inc. | $64,700 |
| SCI Concrete, Inc. | $63,500 |
| Redeemer Lutheran Church | $59,350 |
| St. John Evangelical Lutheran Church of Waverly, Iowa | $54,500 |
| St. Mary Parish | $54,000 |
| Cousin Custom Builders, Inc. | $50,150 |
| The Cedar Valley Friends of the Family, Inc. | $50,000 |
| Crosspoint Church | $47,700 |
| Waverly Hotel Group, LLC | $47,600 |
| Dean's Light Box, Inc. | $46,700 |
| Norton Box & Pallet Company, Inc. | $46,100 |
| Burrier Plumbing & Spas, Inc. | $45,414 |
| Self-Help International | $45,100 |
| Gades Enterprises, Inc. | $44,485 |
| Mobility Properties II | $41,489 |
| Garry's Tire Service, Inc. | $41,400 |
| Barry Smith Grading and Excavating, Inc. | $40,300 |
| Trinity United Methodist Church of Waverly, Iowa | $39,900 |
| Safety Solutions, LLP | $39,582 |
| Ramker Construction and Supply | $39,500 |
| Fuller Enterprises 9, Inc. | $38,800 |
| Kuhl Corporation of Waverly | $37,800 |
| Cedar River Construction, LLC | $37,500 |
| Waverly Life Church | $35,525 |
| Ael Suhr Enterprises | $35,012 |
| Brothers on the Level, Inc. | $34,800 |
| SH & FH Enterprise, Inc. | $34,000 |
| Aesthetic Elements, Inc. | $32,600 |
| P & L Keller, LLC | $32,500 |
| Karen K Wolf PC, D.D.S. | $32,000 |
| Kristi S Demuth Agency, Inc. | $31,800 |
| Inclusion Connection, Inc. | $31,800 |
| Shri Gayatri MA, Inc. | $31,500 |
| Cedar Creek Publishing, Inc. | $31,200 |
| Auto Pro Touch-Up, LLC | $31,197 |
| Sttreicher Excavating, Inc. | $30,900 |
| El Sol Mexican Restaurant Waverly, Inc. | $30,200 |
| Bremer County Abstract Company, Inc. | $30,100 |
| Eye Care Center of Waverly, PLLC | $29,400 |
| Swieter Aircraft Services, Inc. | $29,200 |
| Fortress Benefits Services Corporation | $29,050 |
| Ecker's Flowers & Greenhouse I | $29,000 |
| Mike Walker State Farm Insurance | $28,400 |
| Moe & Arrow Boutique | $28,340 |
| J & M Fuels, LLC | $28,328 |
| James Trask | $27,700 |
| Jonathan Wheeler | $27,200 |
| Engelbrecht and Buchholz, PLLC | $27,100 |
| Heritage United Methodist Church of Waverly, Iowa | $27,100 |
| Annika, Inc. | $27,024 |
| Mane Street Hair Company | $26,700 |
| Mark Mueller | $26,300 |
| Boveia Law Firm | $25,800 |
| David C. Matthias | $25,200 |
| Calease Chiropractic Center, LLC | $24,600 |
| Chad Heim Excavating & Trucking, LLC | $24,600 |
| Hoppy's Auto Parts, Inc. | $24,500 |
| Eric W. Foelske | $21,707 |
| KW Farms, Inc. | $21,500 |
| Advanced Building & Design, Inc. | $21,500 |
| Shri Pandurang Motel, Inc. | $21,300 |
| Mark D. Hubbard | $20,832 |
| Rebecca Gardner | $20,832 |
| Andrew Barnett | $20,800 |
| Jennifer E. Steere | $20,800 |
| Asian Garden, Inc. | $20,800 |
| Daniel Demuth | $20,800 |
| Figanbaum Enterprises, LLC | $20,800 |
| Beck Financial & Insurance, LLC | $20,800 |
| Willis Benefits, LLC | $20,800 |
| Krystal Jean Liebau | $20,800 |
| Zigmann, Inc. | $20,350 |
| Waverly Golf & Country Club | $20,350 |
| Garden Avenue Hauling, LLC | $20,000 |
| Noel FRY Insurance Agency, Inc. | $19,900 |
| Century 21 Signature Real Estate | $19,600 |
| La'jon Jackson | $19,469 |
| J. D. Builders, LLC | $19,400 |
| Troy Collins Farm Bureau Financial Services | $19,300 |
| Rock River Pet Resort, LLC | $19,100 |
| K. C. Autobody, Ltd. | $19,000 |
| Crawdaddy Outdoors, L. C. | $18,700 |
| Strotman Building Center, Inc. | $18,550 |
| Grant Insurance, LC | $18,400 |
| Sub City Depot, Inc. | $17,800 |
| Michael Bo Ellison | $17,700 |
| Adam Folkerts | $17,665 |
| Waverly Area Veterans Post | $17,600 |
| Josh Gilbert Construction | $17,600 |
| Boeckmann Farms, Inc. | $17,500 |
| Riverwood Church of Waverly | $17,495 |
| James Custom Homes & Concrete, Inc. | $17,400 |
| Elsamiller Auto Body | $17,125 |
| Green Image Lawn Care | $17,000 |
| Love and Lace, LLC | $17,000 |
| Keller Chiropractic | $16,796 |
| Ten Hoeve Dairy, LLC | $16,694 |
| Nuss Properties, LLC | $15,480 |
| The Printery | $15,260 |
| Barbara Burgardt Walker | $15,100 |
| Mark R Fairhurst | $15,000 |
| Duncan Home Services, LLC | $14,900 |
| Plain and Simple, LLC | $14,700 |
| Jerry Calease | $13,300 |
| Meridian People Development, LLC | $12,500 |
| John Michael Rieckenberg | $12,400 |
| Michael A. Foelske | $12,235 |
| Frey Builders, LLC | $12,133 |
| The Wash House Salon & Spa, LLC | $12,100 |
| Legacy Photography | $11,800 |
| Paws Amore Corp | $11,700 |
| D/B/a Brian's Automotive, LLC | $11,275 |
| Hubbard Financial Group | $11,200 |
| Bremer Bacon, LLC | $10,900 |
| Pepcorp, Inc. | $10,800 |
| Garden Avenue Farms, Inc. | $10,500 |
| Joe's Knight Hawk, Inc. | $10,500 |
| G & B1, Inc. | $10,475 |
| Kellings Home Inspections, LLC | $9,792 |
| Hemer Trucking, LLC | $9,600 |
| Kids Club Childcare | $9,500 |
| Ryan Siems | $9,300 |
| Sunflyer Corporation | $9,200 |
| Caleb Bergmann | $9,040 |
| Rieckenberg Seeds, Inc. | $8,900 |
| Allen D. Hoeper | $8,863 |
| R & R Septic Solutions, LLC | $8,800 |
| Swieter Investments, LLC | $8,700 |
| Daniel Edward Wedemeier | $8,500 |
| Rulapaugh Marketing | $8,372 |
| Waverly-Shell Rock Area United Way | $8,300 |
| Elizabeth Hektoen | $8,100 |
| Jimmy Nails & Spa, LLC | $7,967 |
| David Buchholz | $7,900 |
| China Buffet | $7,800 |
| David Wente | $7,600 |
| Nancy Conklin | $7,600 |
| Dane Construction, Inc. | $7,500 |
| Mummelthei Farms, Inc. | $7,500 |
| Russell Schrage | $7,400 |
| D/B/a Decorating Den Interiors | $7,370 |
| Housesbyjo, LLC | $7,300 |
| Waverly Fitness, LLC | $6,857 |
| Wild Carrott, LLC | $6,700 |
| Kim Bixler | $6,600 |
| Expressions | $6,500 |
| Nuss Family Chiropractic, PC | $5,885 |
| Mini Storage, Inc. | $5,800 |
| Fish Electronic Services, Inc. | $5,500 |
| Adam James Scharnhorst | $5,400 |
| J & J Marine Sales and Service, Inc. | $5,300 |
| Back to Health Chiropractic Waverly, LLC | $5,300 |
| Moeller Painting, LLC | $5,000 |
| Nathan Hof | $4,953 |
| Ann's Liquidation Service, LLC | $4,900 |
| Starline Coatings, LLC | $4,900 |
| Beach Taverns, LLC | $4,300 |
| Bruce Lantzky | $4,200 |
| Mummelthei Seed, Inc. | $4,100 |
| Douglas Broilers, LLC | $4,000 |
| Seneca Epley Photography | $4,000 |
| Liebau Strictly Hair | $3,900 |
| Jordan Sunderman | $3,774 |
| GT Millertyme, LLC | $3,600 |
| Guadalupe Sands | $3,500 |
| Andrew Steven Mummelthei | $3,100 |
| Ryshan Incorporated | $3,000 |
| Mya Phan | $2,985 |
| Marc Steven Mummelthei | $2,800 |
| Lisa M. Reinhardt | $2,781 |
| Diane Cornick | $2,560 |
| Cynthia Shipman-Haack | $2,150 |
| Gingerich Roofing Solutions | $2,024 |
| Aboundant, LLC | $1,900 |
| Blake's | $1,900 |
| Yogi Life Yoga & Cycling Studio, LLC | $1,800 |
| Prairie Valley Technologies, LLC | $1,600 |
| A & R Travel, LLC | $1,458 |
| Melanie's Dance Academy | $1,000 |
| Golden Thistle Home & Gifts, LLC | $413 |
Alerts Sign-up