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 51358
| Name of Borrower | Current Approved Amount |
|---|---|
| Ruthven Community Care Center, Inc. | $283,600 |
| Reynolds Unlimited, LLC | $160,900 |
| Dejay Farms | $151,189 |
| Ruthven Meat Processing, Inc. | $75,800 |
| Jade Farms Partnership | $65,640 |
| Lakeland E-Z Stop, LLC | $48,200 |
| Strategic Agri Marketing II Corporation | $47,500 |
| Ruthven Cooperative Oil Company | $43,000 |
| Ruthven Rocks, LLC | $39,600 |
| Williamson Brothers, Inc. | $24,700 |
| Olson Insurance Agency, LLC | $22,700 |
| Joseph Noonan | $20,833 |
| Curtis D. Berkland | $20,833 |
| Red Barn Agent | $20,800 |
| Douglas D. Williamson | $20,800 |
| Geelan Brothers | $20,800 |
| Norman Williamson Farms, Inc. | $20,800 |
| Petersen Farm Equipment, Inc. | $20,600 |
| Long Livestock, LLC | $20,600 |
| Consuming Fire Enterprises, Inc. | $20,000 |
| Zion Lutheran Church | $18,300 |
| Joseph W. Hoffman | $16,174 |
| Steve's Rods & Restorations | $15,800 |
| Peter D. Hansen | $15,700 |
| Richard Larson | $12,500 |
| Bully's Bar & Grill | $11,527 |
| Hoffman Seeds, LLC | $11,400 |
| Michael Brown | $11,400 |
| Michael Sikora | $11,300 |
| Billy Long | $10,700 |
| Alex Williamson | $8,900 |
| Hawkeye Holsteins, Inc. | $8,500 |
| M&M Freight, LLC | $8,397 |
| Brian Bland | $8,000 |
| United Methodist Church | $7,500 |
| Fuller & Sons Paving | $6,600 |
| Connie Reinert | $6,400 |
| Carter Williamson | $5,500 |
| Nick Martini Trucking | $5,400 |
| Hoffman Bros, Inc. | $5,383 |
| David Henningsen | $4,400 |
| Derek Hansen | $3,800 |
| Douglas Gellerman | $2,780 |
| Miner Farms | $2,691 |
| Jerald's Tree Service | $2,500 |
| Dennis L. Hansen | $2,100 |
| Bill Frederick | $1,800 |
| Roger Williamson | $1,300 |
| Larry Swingen Farm | $500 |
Alerts Sign-up