The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Shelby County Chris a. Myrtue Memorial Hospital | $3,476,634 |
| Farm Service Cooperative | $1,872,800 |
| Western Engineering Company, Inc. | $1,657,800 |
| Jacobs Corporation | $876,300 |
| Variety Distributors, Inc. | $559,500 |
| Concerned, Inc. | $410,833 |
| West Iowa Technology, LLC | $375,000 |
| Molded Products Employee Stock Ownership Plan, Inc. | $358,220 |
| Keast Ford Lincoln Mercury, Inc. | $299,400 |
| Sta-Bilt Construction Company | $229,500 |
| Wita, LLC | $210,200 |
| Shelby County Medical Corporation | $187,500 |
| Medivac Corporation | $165,035 |
| Tribune Newspapers, Inc. | $163,180 |
| Ahrenholtz Construction, Inc. | $159,700 |
| J. P. Electric, Ltd. | $148,200 |
| Roger Sorensen | $147,200 |
| Shelby County Board of Catholic Education | $131,800 |
| Schechinger Seed Company | $128,290 |
| Salvo, Deren, Schenck, Gross, Swain, & Argotisinger, PC | $125,376 |
| Hal & Cal, Inc. | $108,800 |
| Phillip L. Markham, Inc., D.D.S. | $105,700 |
| Nelson Farm Supply, Inc. | $104,800 |
| Chipman Farms, Ltd. | $104,400 |
| Heartland Tower Services, LLC | $83,000 |
| Schechinger Farms, Inc. | $81,042 |
| Thomas J. Fox, Inc. | $79,157 |
| Pauley-Jones Funeral Home, LLC | $77,600 |
| Sondag Monument, LLC | $76,057 |
| Baxter Contracting, LLC | $75,600 |
| Dotzler Pharmacies, Inc. | $71,580 |
| C J Stork Transfer, Inc. | $70,913 |
| Harlan Dental, LLC | $70,500 |
| Secret Serenity, LLC | $69,800 |
| Kohorst & Fischer Law Firm, PLLC | $65,100 |
| Kountry Kids Child Care | $62,900 |
| Harlan Pizza Ranch, Inc. | $62,600 |
| Studers Harlan Hardware, LLC | $62,412 |
| Iowa Agricultural Biofibers, LLC | $59,890 |
| Broeckelman & Associates, P.C. | $59,700 |
| Kays Customs, LLC | $59,529 |
| Pitts Family & Sports Chiropractic, P.C. | $59,007 |
| Sorensen Brothers Farms, LLC | $56,700 |
| The Ageny Incorporated of Harlan Iowa | $56,100 |
| Performance Grading, LLC | $55,900 |
| Spark and Brake Shop Plus, LLC | $50,775 |
| Vizmart, Inc. | $48,300 |
| Jorgensen Enterprises, Inc. | $48,043 |
| Buman Farm, Inc. | $47,900 |
| Harlan Vision Clinic, PC | $46,800 |
| Integrity Freight & Logistics, LLC | $46,460 |
| Petersen Motors, LLC | $46,239 |
| Davis Land Corporation, Inc. | $46,197 |
| Faith Family Church | $42,344 |
| Schoelerman Contracting | $41,400 |
| Michael Jensen | $41,004 |
| WCP, LLC | $40,300 |
| Express Lube and Tire, LLC | $39,100 |
| Harlan Veterinary Associates | $38,800 |
| Thinkspace It | $38,700 |
| Kest-Quest, Inc. | $38,600 |
| Double S Land, LLC | $38,567 |
| The Jacket Store Com, LLC | $37,292 |
| CFS Omaha, LLC | $37,200 |
| Petersen Bros. Feed & Grain, Inc. | $36,700 |
| Supernal Systems, LLC | $35,500 |
| WW Hartford, LLC | $35,500 |
| Schumacher Family Chiropractic | $35,000 |
| Muxfeldt Accounting Consultants, P.C. | $34,300 |
| Metro Medical Transportation, LLC | $33,682 |
| JFS & Associates, Ltd. | $33,200 |
| The Foxhole Armament, LLC | $32,796 |
| St. Michael's Catholic Church | $31,100 |
| Good Growing Enterprises, LLC | $31,076 |
| Ivan Hansen | $30,976 |
| DR Jays Family Eye Care | $29,856 |
| TC Roofing, LLC | $29,100 |
| Harlan Sweets & Treats | $29,000 |
| Old Westside Lounge | $27,500 |
| Living Well Home Care, LLC | $26,600 |
| 4 Seasons Travel, Inc. | $26,400 |
| Veath Dental, Inc. | $25,000 |
| Harlan Parts, Inc. | $24,000 |
| Kaltved, Inc. | $23,800 |
| Forever Green Lawn Care, LLC | $22,750 |
| Sorensen's Computer Connection, Inc. | $22,300 |
| Larsen Heritage, Inc. | $22,000 |
| Fresh Encounters, Inc. | $21,900 |
| Bauer's Shoe Store, Inc. | $21,800 |
| Ouren Title, Inc. | $21,700 |
| Patriot's Choice, LLC | $21,243 |
| Jacksonville Hardware, Inc. | $21,168 |
| Galen Grabill | $20,833 |
| Jerald J. Buman | $20,833 |
| Hastert Trucking, LLC | $20,833 |
| Zacc 1, LLC | $20,832 |
| D2B1, LLC | $20,832 |
| Tony L. Hough | $20,830 |
| Kevin Fries | $20,800 |
| Poole Transport Service, LLC | $20,800 |
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