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 51466
| Name of Borrower | Current Approved Amount |
|---|---|
| Western Iowa Energy, LLC | $428,000 |
| Twilight Acres | $328,552 |
| King Contracting, LLC | $265,800 |
| Wall Lake Lumber | $169,071 |
| Lakes Warehouse Distributors, Inc. | $115,200 |
| Corn Belt Telephone Company, Inc. | $106,434 |
| Cookies Food Products, Inc. | $105,900 |
| Speed's Auto Supply | $91,000 |
| Quirk Farms, Inc. | $66,700 |
| Cook Siding Supply, Inc. | $63,270 |
| RJ Hauling, Inc. | $54,551 |
| Wall Lake Used Parts & Equipment | $26,800 |
| Wall Lake Hardware, Inc. | $26,087 |
| Orlin Steinkamp | $22,254 |
| Jamie Schoneboom | $20,800 |
| Farm Equipment Sales | $20,800 |
| Schmitt Construction Company | $18,300 |
| Field Ready Agent & Chem, LLC | $18,292 |
| Renze Feed Corporation | $17,000 |
| JPK Trucking | $16,565 |
| Douglas Steinkamp | $15,614 |
| Albrecht Oil and Feed, Inc. | $15,447 |
| John D. Morrow, CPA | $15,031 |
| Jeff Roth Trucking, LLC | $12,400 |
| Western Iowa Risk Management & Insurance, LLC | $11,700 |
| John Geake | $11,100 |
| Pizza Plus, LLC | $10,839 |
| Jason Kies | $10,121 |
| Wall Lake Chiropractic Center | $9,000 |
| Bush Law Office | $8,975 |
| Quirk Seed Center, Inc. | $8,664 |
| Eugene Schwanz | $8,500 |
| Wall Lake Lanes, LLC | $7,447 |
| Kim Drost | $7,100 |
| Shelby Schulte | $6,705 |
| Brent Becker | $6,600 |
| Eileen Gehling | $4,634 |
| Jay Liechti Trucking, LLC | $4,100 |
| Doc's Place Company | $3,750 |
| James Kropf | $3,600 |
| Tuff Trucking | $3,091 |
| Cord Horsley | $2,937 |
| Audie Kramer | $2,529 |
| Raymond Koster | $2,300 |
| Linda Scott | $1,900 |
Alerts Sign-up