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 |
|---|---|
| Dethmers Manufacturing Company | $4,000,000 |
| Sig International Iowa, Inc. | $629,000 |
| Pfingsten Trucking, LLC | $118,700 |
| Ricks Custom, Inc. | $91,500 |
| Mj's Concrete, LLC | $83,600 |
| Pfingsten Custom Chopping, Inc. | $58,100 |
| Onetec, Inc. | $42,600 |
| D2K Farms | $39,100 |
| Ritter Cattle Company | $38,700 |
| Liquid Pro, Inc. | $33,900 |
| Doorenbos Poultry, Inc. | $30,800 |
| Kooiker Land & Livestock, Inc. | $24,377 |
| Jonathan Van Der Waal | $20,833 |
| Scott Mulder | $20,833 |
| Michael Wynia | $20,830 |
| Jeff Beyer | $20,830 |
| MW Farm, Inc. | $19,240 |
| Wielenga Dairy, Inc. | $18,820 |
| WB Trucking | $17,300 |
| Clark Moret Farms | $15,700 |
| Fur Ever Friends, Inc. | $15,107 |
| Brad Rohlfs | $14,726 |
| Dave Deboer Farm, Inc. | $13,500 |
| Eric Mulder | $12,300 |
| Mini Farms, LLC | $10,500 |
| Scholten Farms, Inc. | $10,410 |
| St. John Lutheran Church | $10,100 |
| Van Berkum Transport, LLC | $9,400 |
| BKT Poultry, Inc. | $9,400 |
| United Presbyterian Church | $9,200 |
| Kooiker Brothers | $9,200 |
| Michael Kooiker | $9,000 |
| KC Family Farms, Inc. | $8,800 |
| Rozeboom Farms, Inc. | $8,740 |
| Harlyn Bolkema | $8,500 |
| Jungers Construction, Inc. | $8,500 |
| Rodney Bolkema | $8,300 |
| Bradley Van Der Zwaag | $8,100 |
| Joshua Miller | $7,400 |
| Eric Debruin | $7,100 |
| JD Custom Install | $6,800 |
| Melissa Beyer | $6,740 |
| Paul Moret | $6,100 |
| ESL, Inc. | $5,900 |
| Westra Custom, Inc. | $5,400 |
| Warntjes Electric | $5,200 |
| Preston Schmith | $4,500 |
| AR Farms, Inc. | $4,300 |
| 24. 7 Crete Pump, Inc. | $4,100 |
| Caleko Farm, Inc. | $3,800 |
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