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 51601
| Name of Borrower | Current Approved Amount |
|---|---|
| Shenandoah Medical Center | $3,558,900 |
| Nishna Productions, Inc. | $1,476,300 |
| Browns Shoe Fit Company General Office, Inc. | $296,200 |
| Shenandoah Family Dentistry | $175,500 |
| Kmaland Broadcasting | $175,200 |
| United Group Insurance, Inc. | $173,700 |
| Eyecare Associates of Southwest Iowa, Inc. | $164,200 |
| Triple K Manufacturing, Inc. | $155,000 |
| Southwest Iowa Dental Associates, Inc. | $115,206 |
| Lashier, Bonefas, Baldwin & Company, P.C. | $100,000 |
| Our House Child Development Center | $85,000 |
| ELM Street Corporation | $79,300 |
| Depot Deli and Fire House Brew | $73,195 |
| Tall Corn Agent, Inc. | $70,900 |
| Shenandoah Animal Hospital, Inc. | $63,000 |
| Lynn Furnace, Inc. | $53,800 |
| SWI Memorial Group, LLC | $49,024 |
| Premier Healthcare of Shenandoah, PC | $48,000 |
| R & R Concrete Contractors, Inc. | $47,400 |
| Healthy Tails Retreat, Inc. | $45,500 |
| Ror, LLC | $44,700 |
| Professional Waste Water Services, Inc. | $42,000 |
| BBC Express, LLC | $38,100 |
| Sheninn, Inc. | $37,600 |
| Sorensen Auto Finance, Inc. | $37,500 |
| DLA Farms, LLC | $37,100 |
| Mondo's Restaurants, Inc. | $36,622 |
| Gee Systems, Inc. | $35,300 |
| RCB, Inc. | $35,220 |
| Sheridan Decorating | $33,600 |
| John Gowing Plumbing & Heating, Inc. | $32,600 |
| Lance Cornelius Insurance Agency, Inc. | $31,800 |
| Sorensen Auto Plaza, Inc. | $30,200 |
| Lawn World, LLC | $29,400 |
| Gary T. Gee, Law Office | $28,700 |
| Crowley Construction | $27,900 |
| Brown's Shoe Fit Company of Shenandoah, IA, LLC | $27,700 |
| C L Kinney, Inc. | $27,500 |
| The Sanctuary | $26,700 |
| Authentic Journey Counseling Services | $26,000 |
| Mcintyre Real Estate | $25,500 |
| Miller Construction, LLC | $23,517 |
| G. Rawson Stevens, Attorney and Counselor at Law | $23,200 |
| Integrity Roofing, LLC | $22,500 |
| Dan Finlay | $22,200 |
| Jan W. Christensen | $21,800 |
| Steve Anderson | $20,833 |
| Todd Bashaw | $20,833 |
| Jonathan H. Anderson | $20,833 |
| Joel Bashaw | $20,833 |
| Midwest Mental Health, LLC | $19,512 |
| Nishna Valley Cafe | $16,800 |
| Orme Electric, Inc. | $16,000 |
| First United Methodist Church | $15,700 |
| KMJ Farms, Inc. | $14,500 |
| John R. Walker | $14,002 |
| S. W. I. F. T. Services, LLC | $14,000 |
| Ladies Apparel Shop, Inc. | $13,000 |
| Anderson & Associates Enterprises, Inc. | $12,500 |
| Valley Dance Company, Inc. | $12,400 |
| First Presbyterian Church, Shenandoah | $11,685 |
| Tri-Tower Farms, Inc. | $11,200 |
| Jay S. Herold | $10,900 |
| C. G. Farms, Inc. | $10,700 |
| Emmanuel Lutheran Church | $10,700 |
| Brian Holmes | $10,200 |
| Lewis Cleaners, Inc. | $10,085 |
| Tender Care Cleaning | $9,542 |
| Preferred Cart Service, LLC | $9,100 |
| Sheri's | $9,000 |
| Donnelly's Home Maintenance Service | $8,200 |
| Serenity Studio & Spa | $8,200 |
| Timothy Bredensteiner | $8,200 |
| Twin Oaks Lawn and Landscaping | $7,800 |
| Teachout Harvest, Inc. | $7,727 |
| Austins Automotive, LLC | $7,700 |
| First Christian Church | $7,500 |
| A & B Contruction and Lawn Care | $6,500 |
| Goodell Painting and Decorating | $6,500 |
| Air Ride Trucking | $6,390 |
| Mark Steven Simmons | $6,200 |
| St. John's Episcopal Church | $5,932 |
| Tamara Braymen Licensed Massage Therapist | $5,700 |
| Shenandoah Floral | $5,700 |
| A-1 Nursery | $5,700 |
| DW Farms, Inc. | $5,000 |
| Blain G. Petersen | $4,700 |
| Kathleen M. Jones | $4,700 |
| Darin L. Kisling | $4,300 |
| Wing Wang Chinese Restaurant | $4,200 |
| Micky G's on Sheridan | $4,109 |
| Stephanie Burnison | $3,624 |
| Help at Home Computer Services | $3,569 |
| Bodyworks by Ric | $3,400 |
| Bradley Maher | $3,300 |
| Cale Jones | $3,200 |
| Dirt's Place | $3,100 |
| Stony Point Kennels & Fabrication LC | $3,067 |
| Roger McQueen | $2,841 |
| Braymen Welding | $2,700 |
| Mayridge Masterpieces, LLC | $2,237 |
| Retro Sundaes | $2,092 |
| M Gardner Farms, Inc. | $2,000 |
| Douglas Apperson | $1,900 |
| The Hair Parlour | $1,700 |
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