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 52175
| Name of Borrower | Current Approved Amount |
|---|---|
| West Union Trenching | $588,904 |
| Imperial Roof Systems Company | $433,100 |
| Bemiss Distributing Company, Inc. | $229,407 |
| Baumler Implements, Inc. | $173,245 |
| RK Moser, LLC | $109,637 |
| Pro-Earth Environmental | $93,575 |
| Moss Service Center, Inc. | $89,275 |
| Moss Roofing & Insulation, Inc. | $68,000 |
| John Falb Company | $63,777 |
| Vagts Dairy, LLC | $61,268 |
| Kaleidoscope Kids Childcare Center | $60,757 |
| Wilbur Ford Sales, Inc. | $56,077 |
| Fayette County Abstract Company | $55,480 |
| Triple M Dairy, LLC | $52,065 |
| Heying Firms, Inc. | $48,700 |
| Dessel Roach Floor Covering Company | $46,832 |
| West Union Eye Clinic, PC | $44,300 |
| Gage & Gage Plumbing & Heating, Inc. | $36,282 |
| Zion Lutheran Church of West Union, Iowa | $32,390 |
| Franzen Agency, Inc. | $32,378 |
| Japhy, Inc. | $32,225 |
| Jay's Automotive Corporation | $27,387 |
| Scott J. Cannon | $25,472 |
| Benjamin Jensen | $24,700 |
| Patch Abilities, Inc. | $24,000 |
| Menne Construction, Inc. | $22,514 |
| Bill Bouska Insurance Agency, Inc. | $19,720 |
| Brian Gibson Financial Services, LLC | $19,112 |
| Dean Schmitt | $18,035 |
| Best Rest INN & Suites, LLC | $17,264 |
| Loren Steinlage | $16,110 |
| Tap't out Stein N Dine, Inc. | $15,787 |
| West Union Motor Supply, Inc. | $15,165 |
| MCR Financial Services, LLC | $14,605 |
| John W Pleggenkuhle DC, PC | $14,515 |
| Tasting Tequila & Food Incorporated | $14,081 |
| Gus, Inc. | $13,938 |
| BCM, Inc. | $13,835 |
| Haven Electronics, Inc. | $13,600 |
| Loomis Plumbing & Heating, LLC | $13,500 |
| Dave's Home Improvement, LLC | $13,210 |
| Ward Collision Service, LLC | $12,400 |
| Jeff Clements | $11,854 |
| Old Mill Floral | $11,600 |
| Holy Name Catholic Church | $11,535 |
| Northeast Iowa Realty & Appraisal, Inc. | $10,563 |
| Landon Johansen | $10,450 |
| Krivachek Janitorial Supply, LLC | $10,417 |
| Langreck, Inc. | $10,400 |
| Granger Construction, Inc. | $10,398 |
| Osmundson Lawn Care | $10,126 |
| Mike's Transport | $9,987 |
| John Bollman | $7,838 |
| Unionland Feed & Food Market, Inc. | $7,500 |
| Collin Jensen | $7,200 |
| April McDermott | $7,200 |
| TC Mac's, Inc. | $7,200 |
| Richard Menne | $6,567 |
| Top Hat, Inc. | $5,500 |
| Paul Bodensteiner | $5,411 |
| Jesse Keune | $5,357 |
| Homestead, Inc. | $4,760 |
| Euphoria Coffee, LLC | $4,351 |
| Gary C. Bishop | $4,116 |
| Harlen E. Anderson | $3,816 |
| Dan Miller Agency, Inc. | $3,750 |
| Vincent Wesenberg | $3,657 |
| Jeremy Larson | $3,301 |
| Alan Hackman | $2,900 |
| Creative Images, LLC | $2,500 |
| Steve Guyer Trucking, LLC | $2,500 |
| Larry Crandall | $2,376 |
| West Union Power Products, Inc. | $2,117 |
| Judy A. Heyer | $1,520 |
| Clair Dietzenbach | $1,240 |
| Steven Miller | $1,200 |
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