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ZIP Code 51462: 26 PPP loans provided to small businesses in 2020

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There were 26 PPP loans provided to small businesses in 2020 in ZIP Code 51462, 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 51462

Name of BorrowerCurrent Approved Amount
Scranton Manufacturing Company, Inc.$3,350,579
B & D Manufacturing, Inc.$192,100
Mcdonald Truck Wash, Inc.$65,300
Pemble Digging & Drainage Corporation$63,000
Tracey's Tot Daycare Company$48,200
Eason Feedlots LC$28,400
David J. Allen$25,500
Brian Hunter$23,600
William Wenger$20,833
William John Wright$20,832
Kirk Citurs$20,832
Chris Naylor$19,462
Sherwood Hoyle$15,300
Jeremiah Johnson$14,600
Jerrad Daniel Stofer$11,800
Christensen Agent Services, Inc.$10,400
Maverick Lee Gregory$10,300
Boji Toes$9,500
Hicks Well Company, Inc.$8,600
Shawn Van Pelt$7,392
Bryan Gibson$3,900
Schoon Trucking$3,738
James Hedges$3,700
RBV, LLC$3,134
Lucas Hoyle$2,300
Alex Stofer$1,015

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