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 51354
| Name of Borrower | Current Approved Amount |
|---|---|
| D&K Transportation, Inc. | $206,100 |
| Osceola County Rural Water System, Inc. | $168,436 |
| Mega, Inc. | $118,200 |
| Z-Machine, Inc. | $86,000 |
| Bruce a. Lorch, Inc. | $81,300 |
| Brockshus Dairy, LLC | $64,000 |
| SFF Agent Partnership | $44,900 |
| Keith Pedley | $43,400 |
| Van Diepen Farms, Inc. | $38,123 |
| VP Manure Handling, LLC | $36,573 |
| Nathan Hoekstra Construction | $36,076 |
| LKW Trucking, Inc. | $35,969 |
| Alvin Vanwyk | $33,900 |
| Lorch Pork | $31,900 |
| Adam Hoekstra | $31,600 |
| The Press, Inc. | $29,500 |
| Wayne Van Wyk | $26,000 |
| Northwest Manure Management, Inc. | $25,654 |
| Van Steel, Inc. | $25,645 |
| Marlin Laverman | $24,314 |
| Bosma Family Farms, Inc. | $24,000 |
| Dagel Construction | $22,500 |
| ARC Farms, Inc. | $21,300 |
| Paplow Customs, LLC | $20,917 |
| Rodney Markus | $20,800 |
| Border, Inc. | $18,500 |
| Bozz Agra, Inc. | $14,742 |
| Shawn Huisman Trucking, LLC | $14,732 |
| Hielkema Hog Farms, Inc. | $14,658 |
| TJ Pork, Inc. | $14,547 |
| Lindell Clem | $12,600 |
| Shawn Van Heuvelen | $11,628 |
| Big Iron Express, Inc. | $10,895 |
| T&T Cattle Company, LLC | $10,417 |
| Ocheyedan Christian Reformed Church | $10,100 |
| Hertz Insurance Agency, LLC | $10,000 |
| Troy D. Block | $9,700 |
| Bremer Family Farms, Inc. | $9,600 |
| J-Bar, Inc. | $9,345 |
| Jenny Weg | $8,802 |
| Loren K. Hennings | $8,047 |
| Zach Reed Wilson | $7,400 |
| Zion Lutheran Church | $7,300 |
| Zylstra Trucking, LLC | $6,652 |
| Susan Delaney | $6,600 |
| Bow Tie Auto Repair, LLC | $6,303 |
| Ez Oil, LLC | $6,250 |
| Alexander Welding & Grain | $6,144 |
| The Strand | $6,110 |
| Bosma Trucking, Inc. | $5,700 |
| Ocheyedan United Methodist Church | $5,300 |
| Customer's Choice | $5,282 |
| Brad Vander Meulen Trustee, LLC | $5,000 |
| Doug Vandermeulen | $4,700 |
| Craig Zylstra | $4,412 |
| Integra Masonry | $4,200 |
| Southtown Farms, Inc. | $4,200 |
| Main Stay Markets, Inc. | $3,800 |
| West Timbers, Inc. | $2,882 |
| Charles Faber | $2,300 |
| Tony Stoecker | $2,000 |
| Beljoy Jewelry | $1,900 |
| Laura Barrie | $1,900 |
| Boeke Construction, LLC | $1,600 |
| Rick Van Heuvelen | $1,020 |
| Wayne Faber | $1,000 |
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