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 51575
| Name of Borrower | Current Approved Amount |
|---|---|
| Wiese Mechanical | $355,800 |
| Goos Land Design and Equipment, LLC | $52,100 |
| Silver Creek Feeders, Inc. | $42,000 |
| Andersen Services, LLC | $34,062 |
| Brandon Vorthmann | $30,229 |
| James Karr | $27,712 |
| A & A Lawn and Landscape, LLC | $23,540 |
| Kirk K. Vorthmann | $22,916 |
| Kelby K. Vorthmann | $22,707 |
| Rath Carpentry, Inc. | $21,197 |
| RJL Land Company | $21,000 |
| William R. Vorthmann | $20,833 |
| Kendell Vorthman | $20,833 |
| Adam Sudman | $20,832 |
| Robert N Fisher Enterprises, LLC | $20,832 |
| Lone Tree Animal Care Center, LLC | $20,787 |
| Roger Vorthmann | $20,530 |
| Stroud Farms, LLC | $20,000 |
| Genuine Service, LLC | $19,152 |
| Zion Congregational Church of Treynor, Iowa | $18,071 |
| Trio Del Farm, Inc. | $18,044 |
| Whispering Hills Pilot Cars, Inc. | $17,080 |
| Clausen Brothers Trucking, LLC | $16,951 |
| Julie Mann | $15,300 |
| Prairie Crossing Vineyard and Winery, LLC | $13,842 |
| Treynor Recreation Area | $13,697 |
| Lammert Farms, Inc. | $11,500 |
| Blair Chiropractor, PLLC | $8,205 |
| Falk Construction | $7,000 |
| Silver Creek Precision Agent, LLC | $5,200 |
| Treynor's Home & Acres, Inc. | $5,035 |
| Winston Moffatt | $4,850 |
| Palace Event Center, LLC | $4,680 |
| Landon and Megan Preston | $4,135 |
| Kathleen Kramer | $3,200 |
| Patty J. Vavra | $2,750 |
| T-Ruby Enterprises | $2,377 |
| Warren A. Vorthmann | $1,485 |
| Thomas Berens | $462 |
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