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 51347
| Name of Borrower | Current Approved Amount |
|---|---|
| Northern Iowa Die Casting, Inc. | $902,000 |
| Pearl Valley Rehabilitation and Nursing | $208,086 |
| Stahly Family Farms, Inc. | $70,400 |
| American Homeworks, Inc. | $54,500 |
| Lacour MacHine | $49,500 |
| Chad Wuebker Consulting | $40,925 |
| Silver Lanes, Inc. | $31,860 |
| Gary Johnson Seed Sales | $28,999 |
| Ronald Dean Sterler | $28,195 |
| Murphy Electric, LLC | $27,797 |
| KT Corporation, Inc. | $27,083 |
| Hei Corporation, Inc. | $23,300 |
| T-Bar-T Cattle Company, LLC | $21,100 |
| Boetel Tranfer, LLC | $20,833 |
| Daniel Garloff Farms | $20,833 |
| Johnson Seed Sales | $20,833 |
| Bruce Goodell Farm | $20,833 |
| John M. Boetel Jr. | $20,833 |
| Jones Law Office, PLC | $20,800 |
| Lake Park United Methodist Church | $20,300 |
| Niemeier Spine & Sports Chiropractic, PLC | $18,900 |
| P & GS, LLP | $18,500 |
| Red Roses and Ivy | $17,708 |
| Lake Park Auto Repair | $16,400 |
| Hellinga Seed Sales | $15,565 |
| TSD Construction | $12,690 |
| Greg's Electric | $12,600 |
| J. C. Concrete, Inc. | $10,833 |
| LBR Enterprises | $9,500 |
| Stahly Diversified Farms, LLC | $9,500 |
| 2C Enterprises, LLC | $8,280 |
| Brittleigh's Dance & Tumbling Studio, LCC | $8,235 |
| Market Street Tire Company | $8,002 |
| CH Trucking, LLC | $7,795 |
| Gilmore Trucking, Inc. | $7,210 |
| William Heikens | $7,100 |
| Kelsey Consulting, LLC | $6,700 |
| Lake Park Body Shop, LLC | $6,250 |
| Lee Marki, Export Realty | $5,913 |
| First Presbyterian Church Lake Park | $5,900 |
| George Hiveley Construction, LLC | $4,900 |
| JP Delaney Farms, Inc. | $4,570 |
| Mariah Becker | $3,900 |
| Rebecca Luitjens | $3,800 |
| Dale Wilson | $2,500 |
| Gilly's Hair Salon | $2,162 |
| Greener Pastures Lawn Care | $2,121 |
| Jacobsma Siding, Gutters, & General Contracting, LLC | $1,800 |
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