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 61277
| Name of Borrower | Current Approved Amount |
|---|---|
| Rock River Lumber & Grain Company | $1,353,800 |
| Winning Wheels, Inc. | $865,220 |
| Genesis III, Inc. | $357,830 |
| Allure of Prophetstown, LLC | $307,294 |
| Prophet Gear, Inc. | $164,000 |
| Apollo Medical Products Corporation | $83,070 |
| American Gear, Inc. | $64,800 |
| Hinrichs Plumbing and Heating, Inc. | $60,015 |
| S & B General Construction, LLC | $55,900 |
| Koehler Farms, Inc. | $55,112 |
| Dietz Brothers Concrete, Inc. | $52,845 |
| Chuck Swanson, Inc. | $40,000 |
| Strike's Electric, Inc. | $37,145 |
| Todd's Tire & Auto Repair, Inc. | $35,600 |
| Marc Melton | $34,830 |
| Shore Acres Farms, Inc. | $30,732 |
| Stanley Clementz | $29,567 |
| B & R Farms | $29,145 |
| Jeffrey Olsen | $28,333 |
| David Thompson | $24,471 |
| Church & Stout Farms | $22,790 |
| Prophet Hills Country Club | $22,030 |
| Plautz Farms, Inc. | $21,785 |
| Where the Wild Ones Grow | $21,750 |
| Rock J. Katschnig | $20,912 |
| Aaron Countryman | $20,833 |
| Pedro Herrera | $20,833 |
| Neill Hill | $20,833 |
| Mosher Bros. | $20,833 |
| Steven Lindahl | $20,833 |
| Robert Smith | $20,833 |
| Troy Purvis | $20,833 |
| Steven J. Countryman | $20,833 |
| Kent Ackerman | $20,833 |
| Maurice W. Diericks | $20,832 |
| Greg Schmitt | $20,800 |
| Randy D. Rosenow | $20,800 |
| Richard Rosenow Jr. | $20,800 |
| Prophet Mini Mart | $20,250 |
| Michael Henkelman | $19,875 |
| Jeffrey Bielema | $18,750 |
| David Mickley | $18,595 |
| James Melton | $18,440 |
| Plautz Realty, Inc. | $16,440 |
| Burdette Sandrock | $14,297 |
| Lyndon-Leon United Methodist Church | $13,959 |
| St. Catherine Church | $13,900 |
| Prophetstown United Methodist Church | $13,838 |
| Prophetstown Family Chiropractic, Inc. | $13,750 |
| JR. Sign Company, Inc. | $10,200 |
| Hometown Hardware, Inc. | $10,092 |
| Thomas J Church | $9,437 |
| Kevin C. Urick | $8,500 |
| Terry Sommers | $8,425 |
| Gerald Halpin | $8,100 |
| Austin Hanson | $7,845 |
| Ronald Hanson | $7,845 |
| David A. Goodell | $7,005 |
| Vandyke Jewels, Inc. | $6,417 |
| Elisabeth Woolums | $6,380 |
| MBS Farms, Inc. | $6,000 |
| Jones Family Farms, LLC | $5,955 |
| Curtis Cruse | $5,583 |
| Joanie Stewart | $5,003 |
| TC Mobile Pressure Wash, LLC | $5,000 |
| Jeton Abduli | $4,870 |
| Tyler Smith | $4,355 |
| Amy Mettler | $4,000 |
| Joe Waite | $3,855 |
| Soleta Classic Restoration | $3,800 |
| Garret L. Lundberg | $3,750 |
| Kenneth Mennenga | $3,500 |
| Greg Wetzell | $3,450 |
| Brown's Repair, Inc. | $3,440 |
| Casey Goodell | $3,165 |
| Suzette M. Hanover | $3,100 |
| Ann's Hair Salon | $3,100 |
| Teresa Bielema | $3,000 |
| Zaagman Enterprises | $2,923 |
| Kelly Buck | $2,532 |
| Douglas Koehler | $2,083 |
| Cheryl Waite | $1,365 |
| Tara Miller | $450 |
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