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PPP loans: 32 loans in 2020 in ZIP Code 51467

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There were 32 PPP loans provided to small businesses in 2020 in ZIP Code 51467, 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 51467

Name of BorrowerCurrent Approved Amount
Peterson Express, Inc.$321,400
Schoessler Electric, Inc.$34,081
J&L Koch, LLC$29,248
Joseph L. Odendahl$20,833
Melvin E. Berger$20,833
Hugg Consulting & Development, LLC$20,832
Rick H. Vetter$19,100
WS Garage, LLC$16,700
Kyle M. Lenz$16,169
Joe Rosener$15,554
Jeff Feilmeier$15,300
Jerome Aschinger$12,800
Kock Publishing, Inc.$12,050
Quartz Impressions$11,995
Neil Leiting$11,399
Jerry Backhaus$11,361
Mike Wilken Trucking$10,868
Matt Wilken Trucking$9,112
Dan Oeser$8,512
Westside Sonography, Inc.$7,500
Schulte Surveying, Inc.$7,500
Rick Schulte$6,004
Gregg Oeser$4,672
United Church of Westside$4,063
West Central Biomed, LLC$3,497
Mark Meehan$3,432
Gary Schulte$3,404
Allan Kock$3,029
Seth Ludwig$3,000
WCW Enterprises$2,730
Pamela Kock$1,335
Randy Berg$476

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