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 52172
| Name of Borrower | Current Approved Amount |
|---|---|
| Veterans Memorial Hospital City of Waukon IA | $1,875,000 |
| Darold Berger Masonry, Inc. | $890,350 |
| Waukon Feed Ranch, Inc. | $755,100 |
| Reel-Core, Inc. | $725,000 |
| Tasc, Inc. | $512,055 |
| Systems Equipment Corporation | $301,363 |
| Kol Gol, Inc. | $286,787 |
| Northeast Iowa Denal Professional Corporation | $249,669 |
| St. Patrick's Church, Waukon, Iowa | $203,618 |
| Reiser Implement, Inc. | $202,735 |
| Waukon Yamaha, Inc. | $186,290 |
| E. B. Agent, LLLP | $171,731 |
| R. W. Pladsen, Inc. | $167,300 |
| W&M Agent, LLC | $136,070 |
| Rusty Berger Masonry, Inc. | $132,200 |
| Millennium Agriculture, L. C. | $123,966 |
| Waukon Veterinary Service, LLC | $114,578 |
| Regancrest Holsteins, LLC | $104,400 |
| Kelly Concrete | $95,752 |
| Kious Kountry Auto Collision Center | $95,340 |
| Benjegerdes Machine, Inc. | $94,964 |
| Sweeney Builders, Inc. | $94,440 |
| Dee Implement of Waukon, Inc. | $92,109 |
| Elliott Jewelers, Inc. | $91,219 |
| Progressive Agriculture L. C. | $90,600 |
| WW Homestead Dairy, LLC | $90,253 |
| Family Value Agent, LLC | $78,163 |
| Jim's Appliance-Jw Kitchens, LLC | $73,542 |
| Regancrest Crop Operations, Inc. | $70,900 |
| Ondell of Waukon, Inc. | $69,940 |
| Prairie Ridge Agent, LLC | $69,137 |
| Sonic Enterprise, LLC | $66,875 |
| Gfmutual Insurance Association | $62,143 |
| G&S Machine | $61,650 |
| Impro Products, Inc. | $60,511 |
| Village Farm and Home, LLC | $58,405 |
| Clark Tire Center, Inc. | $57,630 |
| Martin Funeral Home | $56,322 |
| Contented Agriculture, LLP | $51,470 |
| Ashbacher's Building Supplies, LLC | $50,807 |
| West Side Waukon Lumber, Inc. | $49,053 |
| Blake Electric, Inc. | $48,494 |
| Daniel J. Regan | $48,325 |
| Gary's Tractor Implement, Inc. | $47,190 |
| Indi-Com Electric, Inc. | $45,855 |
| Andy Thesing | $44,670 |
| Cunningham Parts, Inc. | $43,685 |
| Welch Propane, LLC | $42,906 |
| Advanced Engineering Technology, LC | $41,720 |
| Upper Iowa Insurance Services Corporation | $40,311 |
| Welch, Inc. | $40,076 |
| Frank Weymiller | $40,000 |
| Prime Electric | $39,920 |
| Swartz Law Firm, PLLC | $36,945 |
| Jeff Sweeney | $36,923 |
| LNM Truck and Trailer Repair, LLC | $36,787 |
| Gre-Len Plastics, Inc. | $35,000 |
| Todd Snitker | $34,205 |
| Cook Agency, Inc. | $33,443 |
| Ness Pumping Service & Porta Potty Rental, Inc. | $32,926 |
| Waukon Golf & Country Club | $32,370 |
| Houg Insurance Agency, Inc. | $32,345 |
| Jadecc's, Inc. | $31,867 |
| Waukon Tire Center, Inc. | $30,770 |
| Riehm Construction Company | $30,488 |
| Calvin A. Jones | $28,950 |
| Brink's Professional Painting, Inc. | $28,816 |
| Palmer Repair, LLC | $28,495 |
| DPL, Inc. | $27,575 |
| Cunningham Hardware & Rental, LLC | $27,000 |
| The Old Rossville Store | $25,645 |
| Benzing Surveying, LLC | $24,800 |
| John Palmer | $24,270 |
| Scott Dougherty | $23,950 |
| Eric G. Palmer | $23,947 |
| Regi Tysland | $23,490 |
| James A. Garrett | $23,285 |
| Pat Stone Construction, LLC | $22,981 |
| Lucky Brothers Partnership | $22,270 |
| S & D Cafe | $21,970 |
| Fred R. Iseli | $20,833 |
| McMillan Oil | $20,127 |
| Edaw, Inc. | $19,858 |
| Hagensick Chiropractic Clinic, PC | $19,713 |
| Blocker Brothers, Inc. | $19,531 |
| Burington Repair, LLC | $18,750 |
| Fiest Vallarta, Inc. | $18,085 |
| St. John's Lutheran Church of Waukon, Iowa | $17,663 |
| Mike Ferring Construction | $17,322 |
| Daylen Regan | $17,144 |
| Jim's Full Service | $16,296 |
| Houg Chiropractic, P.C. | $16,215 |
| Jeremy Engrav | $15,901 |
| Pop's Produce | $15,263 |
| St. Paul's United Methodist Church of Waukon, Iowa | $15,239 |
| Randy Vanruler | $14,584 |
| Skyline Landscaping | $14,500 |
| Lydon Electric Motors, LLC | $14,498 |
| Chad Nolting | $14,396 |
| Floors Plus, LLC | $14,141 |
| Leo Folsom V | $12,700 |
| Gborgh Corporation | $12,467 |
| The First Presbyterian Church of Waukon Iowa Presbyterian CH | $12,383 |
| Koal Deering | $12,043 |
| Sportsmen's Unlimited | $11,800 |
| Waukon Redemption & Ice | $11,545 |
| Kieran and Katy's Busy Bees | $11,348 |
| Green Valley Getaway, LLC | $11,250 |
| Cai Luong | $11,030 |
| Steel Cow, LLC | $11,024 |
| David Einck | $9,937 |
| Northeast Auto Body | $9,652 |
| Steven Engrav | $9,631 |
| Larre's Service & Repair | $9,208 |
| Mari Holthaus | $9,100 |
| Teddy's Auto Sales, LLP | $8,841 |
| Roberta Palmer | $8,810 |
| Waukon City Club, LLC | $8,734 |
| Hanson Hilltop Farms, LLC | $8,425 |
| Chelsea Regan | $8,102 |
| N&N Gourmet Foods, LLC | $7,875 |
| John C. Kerndt | $7,718 |
| Poly Grind | $7,500 |
| ERB Custom Construction | $7,319 |
| David J. Bahr | $7,319 |
| Brink's Tree Service, LLC | $7,256 |
| Zalmona Presbyterian Church | $7,108 |
| King of Grace Lutheran Church of Waukon, Iowa | $6,887 |
| Mccormick Motorz, LLC | $6,772 |
| Adam Quandahl | $6,638 |
| Mark J. Palmer | $6,340 |
| Caleb Leiran | $6,319 |
| Main Street Enterprises Corporation | $6,000 |
| Joel Sommer Pumper, LLC | $5,942 |
| Sweeney Real Estate | $5,600 |
| James Piggott | $5,470 |
| TRI State Hay Auctions, LLC | $5,295 |
| Dietrichs Custom Trim and Upholstry | $5,236 |
| Creative Financial Services, Inc. | $5,208 |
| Seth Beisker | $4,796 |
| Gerald J. Berns | $4,677 |
| Kerr Electric | $4,496 |
| Serendipity | $4,350 |
| John A. Moser | $4,197 |
| James T. Regan | $4,055 |
| David E. Fish Jr. | $3,876 |
| Heath Dee | $3,873 |
| Adam Garbes | $3,816 |
| Lier Logging, LLC | $3,745 |
| Joseph W. Keenan | $3,595 |
| Three Cows, LLC | $3,284 |
| Michelle J. Dietrich | $2,874 |
| Nicholas Engrav | $2,800 |
| Kymar Acres | $2,700 |
| Krambeer Barber Shop | $2,580 |
| John P. Sweeney | $2,372 |
| Be Catered, LLC | $2,360 |
| Bear Creek Nursery, LLC | $2,247 |
| William W. Howe | $2,069 |
| Patrick Schwartzhoff | $1,990 |
| Jolene Reeg | $1,783 |
| Katherine Fahey | $1,741 |
| Haefele Trucking | $1,605 |
| Sycamore Floral | $1,605 |
| Brent E. Ziegler | $1,572 |
| Linda Ferring | $1,164 |
| Mullen Beisker | $1,156 |
| Julie Snitker | $1,000 |
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