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Thursday, November 7, 2024

27 PPP loans provided to small businesses in 2020 in ZIP Code 51366

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There were 27 PPP loans provided to small businesses in 2020 in ZIP Code 51366, according to the US Small Business Administration.

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 51366

Name of BorrowerCurrent Approved Amount
Outdoorsman Hunting Club$44,500
Sta-Mel Enterprises, Inc.$33,200
K-Webb, Inc.$23,600
Robert Gibson$20,800
Timothy Smith$20,800
Zachary A. Rust$19,600
Bovee, Ltd.$16,250
Diamond J Farms, Inc.$16,100
Boge Farms$15,900
TCE Logistics, Inc.$15,546
Greene Acres, Inc.$12,100
Brad Brown Trucking & Fertilizer, LLC$12,058
Wayne Williams$10,876
Calvin Gibson$10,700
Brandon Gibson$9,100
Creekside Cattle Company$6,800
John Johnson Trucking$6,045
J&T Parsons$6,000
Cynthia Kress Kress Family Farm$6,000
Little E., Inc.$5,900
JB 3-M, Inc.$4,300
Trinity United Methodist Church$3,700
Greenes Repair, Inc.$3,600
Kenneth L. Essick$3,200
Matthew C. Anderson$2,900
Robert Nelson$2,300
C R Corporation$2,000

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