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Thursday, November 7, 2024

ZIP Code 51463: 28 PPP loans provided to small businesses in 2020

Innovation

There were 28 PPP loans provided to small businesses in 2020 in ZIP Code 51463, 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 51463

Name of BorrowerCurrent Approved Amount
Klocke Farms, Inc.$120,537
Templeton Hardware, Inc.$88,900
Duanes Repair, Inc.$71,000
E&F Custom Pumping$69,500
Templeton Family Farms, GP$59,700
Rye Supply, Inc.$31,200
Kevin Wieland$21,667
Irlmeier Painting, Inc.$21,000
Bruce Irlmeier$20,833
Irlbeck Trucking$19,891
Klocke Custom Cabinets & Woodworking, LLC$19,736
Gary Weitl$17,150
Nexgen Agent Supply, Inc.$14,500
Double D Pork, L. C.$13,017
Corner Station$12,000
David Bueltel$10,341
George Brincks Transportation, Inc.$8,100
Gene Langel$7,899
Michael Bueltel$6,686
Natural Balance Massage$6,263
Irlbeck Welding, LLC$6,100
SLI Farms, Inc.$6,000
IRL Brothers, Inc.$5,145
Stan Brincks, Inc.$4,800
Lauren Kerkhoff$3,945
John Meiners Jr.$3,725
Weitl Aeration Services, LLC$2,500
Scott Sturm$1,383

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