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 52171
| Name of Borrower | Current Approved Amount |
|---|---|
| Lynch Livestock, Inc. | $3,672,100 |
| Lynch BBQ Company | $469,900 |
| Livestock Express, Inc. | $357,400 |
| Mracek Plumbing Heating & Electric | $187,495 |
| Gossling Woodworking | $79,400 |
| Loras Drilling & Sons, Inc. | $62,800 |
| Jirak Construction and Roofing | $58,000 |
| Manderfield Trucking LC | $48,000 |
| Schmitt Insurance & Associates, Inc. | $38,966 |
| Ronald J. Hageman | $37,500 |
| Achen Farms | $35,800 |
| Adaway Dairy, LLC | $34,095 |
| Franzen Brothers Farm | $26,684 |
| Nutri-Hose, Inc. | $24,000 |
| Jackson Heigths Golf Course | $23,800 |
| Don Manderfield | $23,333 |
| Waucoma Grain, Inc. | $22,889 |
| Richard F. Best | $22,087 |
| William Wenthold | $20,833 |
| Bruce Adams | $20,833 |
| Gerald Vrzak | $20,833 |
| Victor S. Reicks | $20,833 |
| Michael B. Hackman | $20,833 |
| Kevin Kleve | $20,833 |
| Dave Drilling | $20,833 |
| Tiedt Trucking, LLC | $20,800 |
| M & M Convenience Store, LLC | $15,576 |
| Wenthold Trucking, LLC | $13,439 |
| Francis Riha | $11,388 |
| Scott R. Adams | $10,918 |
| Joseph Adams | $10,462 |
| Kathleen Hensley | $10,462 |
| Balk Xpress Trucking, LLC | $9,900 |
| Sam Schmitt Enterprises | $9,759 |
| Alden Richards | $9,750 |
| PCI Advisory Services, Inc. | $8,600 |
| Linus A. Kuhn | $6,831 |
| Mitchell Langreck | $5,795 |
| D Knox Trucking, Inc. | $5,208 |
| Richard J. Hageman | $5,175 |
| Bubbas Barbq | $4,800 |
| Horseshoe, Inc. | $4,500 |
| Throndson Brothers | $4,200 |
| Gerald E. Balk | $2,400 |
| MJS Trucking, LLC | $700 |
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