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 66953
| Name of Borrower | Current Approved Amount |
|---|---|
| Ohlde Family Farms, LLC | $532,200 |
| Linn Community Nursing Home, Inc. | $452,300 |
| Titan West, Inc. | $451,000 |
| Linn Post & Pipe, Inc. | $285,500 |
| Linn Willow Creek Dairy, LLC | $260,500 |
| Kuhlman Implement and Hardware, Inc. | $63,800 |
| Meyer Bros Farms, Inc. | $41,325 |
| Linn Lutheran School Association | $32,200 |
| Ohlde Tractor Repair | $32,005 |
| MO's, LLC | $28,200 |
| Jason L. Uffman | $20,800 |
| Prairie Road Iron Works, Inc. | $19,723 |
| Zion Evangelical Lutheran Church | $19,000 |
| American Legion 237 Wholmoor | $17,580 |
| Jack's Food Market | $17,500 |
| Rogge Excavating | $14,312 |
| Brady Meyer | $13,820 |
| Immanuel Lutheran Church | $12,000 |
| Just Left, LLC | $11,800 |
| Luke Hiesterman | $11,500 |
| Mark Meenen | $11,150 |
| Kyle Schmitz | $10,060 |
| Douglas Beikman | $9,960 |
| Dittmer Transport, LLC | $9,604 |
| Cody Meyer | $9,140 |
| Dean Herrs | $7,630 |
| Wesley Scheele | $7,180 |
| Ohlde Trucking, Inc. | $6,887 |
| Ethan Scheele | $4,760 |
| Joelle Voelker | $4,488 |
| Fred Meyer | $3,530 |
| Larry Scheele | $2,977 |
| Ohlde Racing | $2,200 |
| Donald E. Reith | $2,200 |
| Miranda Meenen | $1,380 |
| Tyler Herrs | $1,330 |
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