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 51638
| Name of Borrower | Current Approved Amount |
|---|---|
| Farmers Telephone Company | $103,000 |
| Calstar, Inc. | $48,200 |
| Holmes Farms, Inc. | $42,500 |
| Essex Child Center | $41,149 |
| Kirchert Electric, LLC | $39,000 |
| Liljedahl Farms, Inc. | $38,829 |
| Technician Support Services, Inc. | $38,409 |
| Dammann Farms | $28,500 |
| The Jake Gillespie Agency, Inc. | $23,963 |
| J 4 Farms, Inc. | $23,227 |
| CKW Farm, Inc. | $21,687 |
| Clinton Hascall | $20,833 |
| Timothy C. Johnson | $20,833 |
| John Carlson | $20,500 |
| Class Farms, Inc. | $18,802 |
| JJ Farms, Inc. | $16,500 |
| Adam Burnison | $16,257 |
| Jesse Isaac | $15,846 |
| Johnny's Body Shop, LLC | $15,700 |
| James A. Gutschenritter | $15,500 |
| Cliff W. Holmes | $11,700 |
| Stripe Enterprises, Inc. | $11,200 |
| Pierce Creek, Inc. | $10,885 |
| Timothy Tillman | $10,700 |
| Jeff Carnagey | $10,000 |
| Gary and Mindi York, LLC | $9,437 |
| Andrew Slater | $9,100 |
| Ba Marketing & Publicity, LLC | $7,045 |
| Thomas B. Ross | $7,031 |
| Vickie A. Porter | $6,600 |
| RM Carlson Farm, LLC | $5,600 |
| Hascall Trucking, Inc. | $3,500 |
| Genevra Hillman | $3,400 |
| J Carlson Trucking, Inc. | $3,200 |
| Steven W. Falk Jr. | $2,800 |
| Carroll Fred Sandahl | $2,500 |
| First United Presbyterian Church | $780 |
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