The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| B & D Dairy, LLC | $241,709 |
| Food Locker Service, Inc. | $195,700 |
| Holstein Electric, Ltd. | $181,112 |
| North Ida Investments, LLC | $176,200 |
| Holstein Fabrication | $143,560 |
| Gas Electrical Services | $138,300 |
| R & K Vollmar Motors, Inc. | $109,500 |
| Goettsch Transportation Services, Inc. | $107,695 |
| Ida County Sanitation, Inc. | $68,100 |
| Abbie J Otto, PC | $47,900 |
| TRI R Pork, LLC | $47,800 |
| Fredco., Inc. | $46,600 |
| Clausen Grocery, LLC | $44,700 |
| St. Paul Evangelical Church of Holstein, Iowa | $41,168 |
| Anderson & Kistenmacher Insurance Agency, LLC | $41,000 |
| Taylor Transit, LLC | $41,000 |
| North Ida Builders, LLC | $37,900 |
| J M Custom, LLC | $37,200 |
| Jensen Bros. & Son, Inc. | $37,100 |
| Shawn Lukins | $35,000 |
| K Meyer Company | $33,985 |
| Holstein Sanitation, Inc. | $31,400 |
| Whitmer Spine & Sports Chiropractic, LLC | $26,600 |
| Mcguire Auction Company, Incorporated | $26,500 |
| Boling Seeds, LLC | $25,400 |
| Jensen Bros., Inc. | $25,300 |
| Thaddeus Cosgrove | $24,100 |
| Back Trucking, Inc. | $23,300 |
| H&J Farms, Inc. | $22,842 |
| Eric Vohs | $22,700 |
| 4-S Enterprises, Inc. | $21,500 |
| Layne Todd | $21,198 |
| Allan Todd | $20,833 |
| Lance Ploeger | $20,833 |
| Brian Cronin | $20,800 |
| Douglas Leonard | $20,800 |
| Robert Butcher | $20,800 |
| Michael Brown | $20,800 |
| Nicklas D. Jensen Funeral Homes, Inc. | $20,110 |
| Dennis Smith | $19,151 |
| Kevin Woodford | $18,227 |
| Faith Land & Cattle, LLC | $17,937 |
| Yockey Insurance, Inc. | $17,700 |
| Ashton Valley Farms Partnership | $17,600 |
| Agcom Insurance Agency | $17,122 |
| 6M, Inc. | $16,218 |
| James Doxtad Farms, LLC | $15,900 |
| Ken Wulf & Sons, Inc. | $15,800 |
| Stevenson Hardware, LLC | $15,390 |
| Elder Excavation | $14,200 |
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