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 68422
| Name of Borrower | Current Approved Amount |
|---|---|
| Pickrell Buildings, Inc. | $125,200 |
| Philippi Electric, Inc. | $55,600 |
| Heartland Hay Grinding, LLC | $31,400 |
| Trauernicht and Sons Drywall, Inc. | $31,284 |
| Pickrell Lumber and Hardware, Inc. | $27,800 |
| Zion Lutheran Church | $25,300 |
| Michael Busboom | $23,200 |
| Schoneweis Custom, LLC | $20,550 |
| Reed Construction, LLC | $20,300 |
| Christ Lutheran Church, LLC | $19,300 |
| Pickrell Repair, LLC | $18,100 |
| Charles Pittman Construction | $17,600 |
| Devern Hagemeier | $14,715 |
| Harms Trucking, Inc. | $12,900 |
| JG Pick-a-Vet, Inc. | $11,600 |
| Lorenz Trauernicht | $11,577 |
| Joshua Gronewold | $11,000 |
| Ltkelle Farms, LLC | $7,812 |
| David A. Meints | $7,800 |
| Dustin Rasmussen | $6,822 |
| Terry Johnsen | $6,498 |
| KLS Dairy | $5,900 |
| Gary Gronewold | $2,800 |
| Greg Spilker | $1,272 |
| Lance Kolb | $1,012 |
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