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 61252
| Name of Borrower | Current Approved Amount |
|---|---|
| J. T. Cullen Company | $986,500 |
| Harbor Crest Home, Inc. | $360,900 |
| Pallet Recovery, Inc. | $237,600 |
| FNH Ready Mix, Inc. | $219,620 |
| Fulton Corporation | $195,900 |
| Unity Christian Schools, Inc. | $140,600 |
| Wilkin & Kunau Dentistry Partnership | $90,200 |
| Castro Enterprises, Inc. | $71,185 |
| Steam Anchor Coffee Company | $53,400 |
| Starbuck Machinery International, Ltd. | $50,970 |
| Bjay Trucking, LLC | $47,700 |
| Mcluckie, Inc. | $44,000 |
| Two Rivers Lawn & Landscape, Inc. | $44,000 |
| Holesinger Law Offices, Ltd. | $42,700 |
| Kids, Inc. | $40,400 |
| Dykstra & Law Insurance Agency, Inc. | $37,092 |
| Jeff Smith | $35,400 |
| MB Box Corporation | $34,855 |
| Cafe Rene, LLC | $33,000 |
| River City Fencing Company, Inc. | $32,500 |
| Mike's Transmission & Auto Repair | $31,800 |
| Peterson Plumbing, Inc. | $29,500 |
| Heid Law Offices, LLC | $29,467 |
| MJS1, Inc. | $29,200 |
| Steve Heun Farms | $28,833 |
| J&B Welding, LLC | $28,500 |
| Great River Gymnastics | $28,000 |
| Layne Automotive & Speed | $27,700 |
| Black Iron Transit | $26,500 |
| Sunrise Family Restaurant | $25,335 |
| Boonstra Heating & Air Conditioning, Inc. | $25,300 |
| Focal Point Ministries, Inc. | $24,800 |
| Second Reformed Church | $23,000 |
| Holesinger Grain and Livestock | $23,000 |
| True Construction and Design, LLC | $22,200 |
| Shane J. Dykstra | $20,833 |
| Toppert Livestock, LLC | $20,830 |
| Fulton Dental Associates, PC | $20,800 |
| Morrison Roofing, LLC | $20,800 |
| Thomas A. Cherry | $20,800 |
| Scott M. Kunau, PC, D.D.S. | $20,800 |
| John Vandereide | $20,800 |
| Petersen Sanitary, Inc. | $20,700 |
| Johnnie's Tap, Inc. | $19,700 |
| Peternock, LLC | $18,100 |
| Immaculate Conception Church | $17,900 |
| Fenix Manufacturing, LLC | $17,808 |
| Huizenga & Wierenga Insurance Agency, Inc. | $16,500 |
| Kingpins Fulton, Inc. | $16,500 |
| Ratcliff Consulting, LLC | $15,900 |
| Ottens Enterprises, Inc. | $15,800 |
| BT Griffins Logistics, LLC | $15,566 |
| Fulton Steak & Ribs, LLC | $15,500 |
| Ronald Merema | $15,400 |
| Fulton Concrete Construction Company | $15,200 |
| Doug Holesinger Farms | $15,145 |
| Debra Brown | $14,710 |
| Midwest Mobile Alignment, Inc. | $13,900 |
| Bethel Christian Reformed Church | $13,500 |
| Norman A. | $12,950 |
| Nathan Holesinger | $11,910 |
| Elite Graphics, Inc. | $11,097 |
| Keh Farms, LLC | $10,495 |
| Witt's END | $10,400 |
| Wherry Bros Trucking, Inc. | $10,175 |
| Medical Equipment Services, Inc. | $9,600 |
| Nndym FTK, Inc. | $9,500 |
| Sweet Woodruff, Ltd. | $9,200 |
| Wherry Brothers, LLC | $9,050 |
| Andrew Toppert | $8,824 |
| David A. Olsen | $8,800 |
| Menchaca Insurance Agency, Inc. | $8,600 |
| DKT Farms, Ltd. | $8,571 |
| Brunch House, LLC | $8,046 |
| Neese Insurance Agency | $7,800 |
| Todd's Transmission & Auto Repair | $7,200 |
| Vandereide Trucking, LLC | $6,700 |
| Roger S. Hutchison | $6,500 |
| Spence's Barber Shop | $6,495 |
| Indigo Turtle Art | $6,152 |
| Health Matters | $6,055 |
| Rocket J. Technical Services | $6,000 |
| Richard Kern Trucking | $5,500 |
| The Gutter Work, Inc. | $5,000 |
| Bennett Trucking | $5,000 |
| Vibe, LLC | $5,000 |
| Megan Jones | $4,346 |
| Corey A. Council | $3,400 |
| Dashing Dogs | $3,300 |
| Hailey Kuebel | $2,600 |
| Robert Belonga | $2,000 |
| Boatsmith Repair, LLC | $2,000 |
| Jeff Merema | $1,640 |
| KT3, LLC | $1,100 |
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