The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Featherlite Trailer Manufacturing, LLC | $3,995,600 |
| Regional Health Services of Howard County | $2,359,700 |
| Alum-Line, Inc. | $635,100 |
| Evans Memorial Home for the Aged, Inc. | $363,300 |
| Universal Freight, LLC | $360,400 |
| Plantpeddler, Inc. | $332,898 |
| Kenneth C. Moellers | $266,520 |
| Paris Foods, Inc. | $257,087 |
| Camp-Site RV, Inc. | $247,649 |
| Country Winds Manor, Inc. | $229,800 |
| Bear Creek Archeology, Inc. | $206,973 |
| Cresco Building Service, Inc. | $195,700 |
| Notre Dame Church Corporation | $176,700 |
| Cresco Insurance Agency, Inc. | $160,900 |
| Doug Reicks Trucking, LLC | $137,015 |
| Hawkeye Sanitation, Inc. | $134,775 |
| Fenco Products, Inc. | $110,900 |
| Masonry Technology, Inc. | $107,595 |
| Oak Creek Dental, PLC | $97,800 |
| Howard County Child Care Association | $96,744 |
| Geothermal Eco Options, Inc. | $94,695 |
| H & S Motors, LLC | $86,800 |
| Hanson Tire Service, Inc. | $85,800 |
| Bethany Housewares, Inc. | $80,000 |
| Bob's Electric, LLC | $79,700 |
| A & J's Construction, LLC | $72,701 |
| Mashek Brothers, LLP | $66,000 |
| Wilson Custom Tree Trimmers, LLC | $64,500 |
| The Cresco Shopper, Inc. | $64,100 |
| Kerian Water Store, LLC | $59,500 |
| Skfortune, Inc. | $57,400 |
| Tim & Diana Huhe | $55,955 |
| DRSG Partnership | $50,622 |
| Gosch's, Inc. | $49,300 |
| Northeast Iowa Service, LLC | $45,100 |
| Cresco Family Dentistry, PC | $44,900 |
| Cresco Family Optometry, LLC | $43,300 |
| The Steel Shop, Inc. | $43,170 |
| Watt Five, LLC | $41,600 |
| Cresco Chiropractic Clinic, P.C. | $41,452 |
| Hvitved and Associates | $40,400 |
| Northeast Iowa Motors, LLC | $37,487 |
| Lindstrom Funeral Homes, Inc. | $36,800 |
| Sovereign Trucking, Inc. | $35,065 |
| V & V Insurance Agency, Inc. | $33,394 |
| Riehle Decorating Company | $32,700 |
| Ruppert, Inc. | $31,992 |
| Cresco Motor Company | $31,600 |
| Cresco Country Club, Inc. | $30,900 |
| Johnson Accounting, Tax and Computer, Inc. | $30,523 |
| Dough & Joe, LLC | $29,392 |
| Don Dietzenbach Agency, LLC | $26,962 |
| Mega Media, Ltd. | $26,753 |
| Hindt Jensen Funeral Homes, LLC | $25,200 |
| Ollendicek Construction, LLC | $25,200 |
| Donald W. Foley Dc | $25,200 |
| T & V Grover Farms, Inc. | $25,085 |
| Billmyer Furniture & Flooring, Inc. | $24,600 |
| Joslyn Chiropractic Clinic, LLC | $24,542 |
| Computer Professionals Unlimited of America | $23,700 |
| Gary A. Swestka | $22,369 |
| S and F Outdoors | $21,875 |
| Howard County Motel Development, L. C. | $21,700 |
| Raymond Reicks | $20,833 |
| Charles Feldman | $20,833 |
| Joseph & Mackenzie Dietzenbach | $20,832 |
| Don Anderson Insurance, Inc. | $20,800 |
| Quentin Vsetecka | $20,800 |
| J & P Limited, LLC | $20,682 |
| Brent Bronner | $19,526 |
| Ox & Wren, LLC | $19,358 |
| Delta Concepts, Inc. | $19,200 |
| Kubik, Inc. | $19,177 |
| Cresco United Methodist Church | $18,587 |
| Schatzee's Body Shop, LLC | $18,400 |
| Moses Yoder | $18,362 |
| Leuthold's | $18,100 |
| Sue-Z-Q's, LLC | $18,017 |
| Story, Schoeberl & Seebach, LLP | $18,000 |
| Cuautla Jalisco, Inc. | $17,900 |
| Midwest Concrete IA, LLC | $17,300 |
| Hometown Accounting, Inc. | $16,750 |
| Adam G. Mietzner | $16,069 |
| JP Accounting, Inc. | $15,900 |
| Darland's Auto Repair, LLC | $15,800 |
| Big Daddy Hideaway Corporation | $15,300 |
| Golden Ridge Honey Farms, Inc. | $14,625 |
| David W. Daley | $14,000 |
| South Side Bar and Grill | $13,989 |
| Manley Bigalk | $13,775 |
| Marvin Martinek | $12,700 |
| Robert Martinek | $12,003 |
| Mudslingers Construction, Inc. | $12,000 |
| Sovereign Grain, Inc. | $12,000 |
| Kjam, Inc. | $11,800 |
| First Lutheran Church | $11,600 |
| Outdoors & More, Inc. | $11,600 |
| Harvest Farm Campground, LLC | $11,497 |
| Atomic Pizza Pub, LLC | $11,400 |
| Dean's Body Shop, LLC | $10,900 |
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