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 58563
| Name of Borrower | Current Approved Amount |
|---|---|
| ELM Crest Manor | $950,359 |
| Rud Corporation | $413,675 |
| New Salem Veterinary Clinic, PC | $78,500 |
| Kautzman Trucking, Inc. | $75,709 |
| Adell, Inc. | $44,662 |
| Farmers Lumber & Gambles Cooperation | $44,169 |
| Clays Plumbing & Heating, Inc. | $42,174 |
| Prairie West Meats, Inc. | $40,225 |
| Backhaus & Sons | $38,600 |
| Peterson Fencing, LLC | $33,878 |
| Keely Spilde, LLC | $32,582 |
| Tim Doll | $30,875 |
| Hogerville Dairy, LLP | $28,625 |
| Winckler Trucking, LLC | $28,400 |
| Lionel Doll | $24,607 |
| Northland Insurance Agency, Inc. | $24,542 |
| Lance Doll | $22,160 |
| Shane Tellmann | $20,833 |
| Gordon a. Toepke | $20,220 |
| Dale Hoger | $18,807 |
| New Salem Journal, Inc. | $17,717 |
| Ryan Fleck | $16,802 |
| Dusty Kunkel | $14,775 |
| Sunset Inn | $14,707 |
| Rodney Rusch | $14,490 |
| Bryce Allen Trucking | $14,000 |
| Terrance Doll | $13,144 |
| Wayne Braun | $12,807 |
| Pedigree Truck and Trailer Sales, Inc. | $12,500 |
| Jeff Schroeder | $12,352 |
| Rock Creek Revival, LLP | $11,142 |
| Jaread Miller | $10,815 |
| Engelter, LLC | $10,500 |
| Richard Duncan | $10,417 |
| Larry Doll | $10,087 |
| Jamie Mosbrucker | $9,675 |
| A2Z Plumbing, LLC | $9,343 |
| Jonathan M. Dagley | $8,100 |
| Derrick Rusch | $7,120 |
| Kevin Kunkel | $6,795 |
| Lacey Maier | $6,005 |
| Wade Forster | $5,770 |
| Ross Doll | $5,452 |
| Jeanettes Hair Care | $4,970 |
| Travis Wilkens | $4,896 |
| Ross Schroeder | $4,800 |
| Tipsy Cow, LLC | $4,579 |
| Ronald Kunz | $4,425 |
| Elizabeth Gappert | $4,300 |
| Debra Toepke | $4,143 |
| Rocking H Livestock | $4,070 |
| Steven P. Kraft | $3,670 |
| Michael P. Dagley | $3,300 |
| Darrell Kuhn | $2,842 |
| HUBER | $2,257 |
| June Doll | $2,082 |
| Todd Peterson | $2,072 |
| Shane Forster | $1,480 |
| Tami Heid | $1,230 |
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