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 51063
| Name of Borrower | Current Approved Amount |
|---|---|
| Whiting Commercial Development Corporation | $710,800 |
| New System Janitor Service, LLC | $91,200 |
| Trustee Pro Construction | $60,190 |
| Trustee Pro Construction, Inc. | $55,060 |
| B & B Pike Farm Company | $39,042 |
| Lil Sioux River Trucking, LLC | $31,878 |
| Whiting Christian Church | $27,680 |
| Hobbs Family Farms, Inc. | $23,700 |
| Larry Teel | $20,833 |
| Dan Neldeberg | $20,833 |
| Jacob D. Miltenberger | $20,833 |
| Richard Anderson | $20,833 |
| Thomas E. MacClure | $20,800 |
| Nicolas Hunt | $20,700 |
| Haveman Family Farm Partnership | $20,200 |
| BCS Farms, Inc. | $19,200 |
| Trademark Enterprises, LLC | $18,149 |
| Pike Farm Company | $15,811 |
| Rodney Anderson | $14,300 |
| Keith E. Morton | $13,475 |
| Dana Kirby | $13,400 |
| Joe Lander | $11,947 |
| Haveman Brothers, Inc. | $11,900 |
| Ryan Publishing | $11,900 |
| Madsen Hauling, LLC | $10,063 |
| Gage Agronomy Services, LLC | $7,500 |
| Mary Lander | $7,141 |
| Joan Heinle | $6,704 |
| Robby Blundel | $6,511 |
| Jessica Teel | $6,012 |
| L&K Farms, Inc. | $5,600 |
| Lyle Ernst | $5,483 |
| Craig Haveman Farms, Inc. | $4,700 |
| Heidi Allen | $4,568 |
| LC Haveman Farms, Inc. | $4,000 |
| Roger Heinle | $3,327 |
| Laura Reitan | $3,019 |
| Pamela K. Storm | $2,601 |
| Croker Farms | $2,560 |
| Heath Allen | $2,200 |
| Austin F. Madison | $1,559 |
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