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 51351
| Name of Borrower | Current Approved Amount |
|---|---|
| KRMM Hospitality | $773,800 |
| Clary Lake Service, Inc. | $493,900 |
| R & D Industries, Inc. | $416,000 |
| Danbom's Lakeside Engineering | $319,748 |
| Web Graphics, Inc. | $179,700 |
| Ingham Okoboji Lutheran Bible Camp | $158,383 |
| 966 Industries, LLC | $130,100 |
| DRS. Pas & Toale, PLC, D.D.S. | $114,000 |
| Camp Okoboji Lutheran Association | $102,988 |
| Alger Companies, Inc. | $92,500 |
| First Lutheran Church of West Okoboji | $91,500 |
| Boji House, Inc. | $89,200 |
| Keltam, Inc. | $87,300 |
| The Lakes News Shopper II, Inc. | $84,758 |
| Crescent Beach Properties, LLC | $75,625 |
| Milford Electric II, Inc. | $74,607 |
| The Three Sons, Inc. | $74,100 |
| Heller Enterprises, LLC | $71,800 |
| 4 Evergreen, Inc. | $70,896 |
| Prairie Feed & Trucking, LLC | $70,000 |
| MHR, Inc. | $64,400 |
| Mill Creek, Inc. | $62,000 |
| Okoboji Tree Specialists II, Inc. | $60,600 |
| West O Beer, LLC | $59,458 |
| Titterington, Inc. | $58,700 |
| Northwest Iowa Senior Care Services, Inc. | $58,185 |
| Total Lawn Care of Okoboji, LLC | $56,500 |
| Horizon Home & Farm Improvement, Inc. | $54,490 |
| Okoboji INN & Suites | $51,800 |
| Houge's TV and Appliance | $51,445 |
| Cherish Center | $47,290 |
| Windsor Bird Dog, LLC | $47,100 |
| St. Joseph Catholic Church | $46,800 |
| Lakes Lawn, LLC | $45,700 |
| Pedersen Electric, Inc. | $44,900 |
| Safari Child Care Center | $44,432 |
| HTC, Inc. | $44,121 |
| Packebush Sprinkler Service, Inc. | $43,863 |
| Brown's Lawn & Landscape, Inc. | $41,400 |
| MLR L. C. | $40,000 |
| Lakes Lawn and Spraying Service, Inc. | $39,700 |
| Derners of Milford, Inc. | $39,192 |
| Neid Equipment, LLC | $38,890 |
| Kurt D. Eckard | $38,400 |
| Prairie Trucking, LLC | $37,500 |
| James P. Humphrey | $36,533 |
| The Humane Society of Northwest Iowa | $35,700 |
| Mock Medical, LLC | $35,700 |
| JM Loring, LLC | $34,500 |
| Thomas Kaiser | $33,900 |
| Danielle Ries, LLC O.D. | $32,500 |
| Little Sprouts Daycare | $32,000 |
| D&G Farm | $31,600 |
| Bockman, Ltd. | $30,500 |
| The Creek, Inc. | $28,500 |
| Harbor of Joy Lutheran Church | $27,141 |
| Triple L Fishing, LLC | $25,500 |
| Dennis L. Meyer | $25,200 |
| D & B Hogs | $25,100 |
| Kuchel Homes, LLC | $25,000 |
| Derner Trucking, Inc. | $24,440 |
| JRS Custom Builders | $23,755 |
| Stein Law Office | $21,600 |
| Outdoor Heaven, LLC | $21,300 |
| David Garberding | $20,833 |
| Brian Draayer | $20,830 |
| William Kretsinger T. Jr. | $20,800 |
| Milford Mechanical, Inc. | $20,800 |
| Bryan McCabe | $20,800 |
| Milford Hospitality, LLC | $20,312 |
| Blink Marketing, Inc. | $19,100 |
| Burgin Lawn Service, LLC | $19,100 |
| Ryan Rohlk | $18,500 |
| Heh Enterprises, LLC | $17,500 |
| Presbyterian Camp on Okoboji | $17,000 |
| Chaffin Farms, Ltd. | $16,813 |
| Laser Car Wash, LLC | $16,200 |
| Pioneer Theatre, LLC | $15,900 |
| Okoboji Bake Shop, LLC | $15,800 |
| T&J North Iowa Farms | $15,500 |
| Kraninger Construction | $15,400 |
| Presbytery of North Central Iowa | $15,000 |
| Boji Custom Metal Works, Inc. | $13,900 |
| Ingwersen Family Chiropractic, LLC | $13,845 |
| Rax Billiards & Lounge, LLC | $13,600 |
| Lakes Hardware, Inc. | $13,300 |
| Prairie Cattle Supplements, LLC | $13,000 |
| Above the Ring, Inc. | $12,900 |
| Prentice Customs, LLC | $12,700 |
| Hicks Family Healthcare, LLC | $12,000 |
| Foss Farms, LLC | $12,000 |
| Jones Construction, Inc. | $11,800 |
| Colonial Nut Roll Co | $11,782 |
| Nicholas Fear | $11,600 |
| Mohning Land Surveying, LLC | $11,600 |
| Gale M. Schmeling | $11,582 |
| Presbytery of Prospect Hill | $11,500 |
| Steve Sullivan Conrete | $10,615 |
| Coyote Motor Company, LLC | $10,600 |
| Customized Firefighter Training, Inc. | $10,125 |
| Body and Soul Salon and Minispa | $10,110 |
| Spic N Span Solutions, LLC | $9,417 |
| Thomas Kremmin | $9,000 |
| Paterson Construction, LLC | $8,900 |
| Hintz Trucking | $8,800 |
| Friends of Lakeside Lab, Inc. | $8,700 |
| Norman E. Nattress | $8,332 |
| Jessica Schable | $8,300 |
| Dave Mercer Trucking | $7,908 |
| Joy Johnson | $7,500 |
| Rolling Acres Farms, Inc. | $7,300 |
| Elwood Koelder | $7,100 |
| Chasidy Alger | $6,957 |
| Bobs Auto Body | $6,681 |
| C & P Poss, Inc. | $6,500 |
| Double J. Farms | $6,230 |
| Over the Top Agent Spray, LLC | $6,200 |
| Jerome Pape | $6,200 |
| Schwaller Farms | $6,118 |
| Coffee Shop | $5,500 |
| RLB & Krew, LLC | $5,500 |
| Jens J. Hjelm | $5,500 |
| Ken Mathews Trucking, LLC | $5,260 |
| Reiser Seeds, LLC | $5,180 |
| Bonnie Lambert | $4,630 |
| RMLB Farm, LLC | $4,268 |
| VK Family Farm, Inc. | $4,100 |
| Rose Gold Studios | $4,030 |
| Just Donna | $3,995 |
| Katie Sires Home & Design | $3,789 |
| Stan Carlson | $3,700 |
| G's Masonry & Concrete, LLC | $3,700 |
| Vicki Willison Painting, LLC | $3,600 |
| National Equipment Brokerage, LLC | $3,520 |
| Luke D. Wollenburg | $3,485 |
| Michael J. Warburton Farms | $3,300 |
| Tia Hofmeyer | $3,300 |
| Creative Photography, LLC | $3,250 |
| Oleson Excavating & Construction | $3,180 |
| Sports Management Service, LLC | $3,160 |
| Sunset Travel, LLC | $3,041 |
| Tracie J. Lorenzen | $3,000 |
| Ultra Beauty-4-U Boutique, LLC | $2,813 |
| Wildcat C & R, LLC | $2,700 |
| Nicholas D. Larsen | $2,600 |
| Van Kleek Enterprises, Inc. | $2,500 |
| Reiser Farms | $2,250 |
| Pamela Downing | $2,200 |
| Mark Douglas Burns | $2,200 |
| Treasure Village, Inc. | $2,162 |
| Bobbi Feddersen | $2,150 |
| Nattress Auction Service | $1,780 |
| D & K Aviation, Inc. | $1,700 |
| Mindy Schuette | $1,300 |
| Shaklee Sales | $1,196 |
| Kindermusik at the Lakes | $1,154 |
| Clinton Clemen | $600 |
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