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 52411
| Name of Borrower | Current Approved Amount |
|---|---|
| Shachindra Bahadur, P. C., D.D.S. | $1,620,500 |
| Xavier High School, Cedar Rapids, Iowa | $896,900 |
| Catch & Release, Inc. | $499,600 |
| D & N Fence Company, Inc. | $416,185 |
| Elplast America, Inc. | $338,400 |
| Zeppelins, LLC | $317,000 |
| New Covenant Bible Church | $295,300 |
| Sanctuary Spa | $280,000 |
| MBS Enterprises, LLC | $279,700 |
| Eggleston Concrete Contractors, Inc. | $247,200 |
| LA Cantina Bar & Grill, LLC | $235,800 |
| Limitless Potential, Inc. | $168,655 |
| Poured Walls of Iowa, Inc. | $160,965 |
| Otter Creek Country Stores, Inc. | $149,000 |
| Ever Green Landscape Nursery and Supply, Inc. | $140,300 |
| Border States Contract Service | $139,060 |
| Berst Dental, PC | $117,275 |
| Copeland Eyecare, PLLC | $101,000 |
| Twisters Gymnastics | $96,500 |
| Macho & Associates, Inc. | $94,500 |
| D&D Tree Service, Inc. | $85,875 |
| Blairs Ferry Tire & Auto Service, Inc. | $79,429 |
| Children's Corner, Inc. | $79,300 |
| Rieckhoff Family Businesses, Inc. | $69,400 |
| Midwest Curb Grinding, LLC | $68,200 |
| Johnson Plumbing Services, Inc. | $63,750 |
| Coralville Eye Associates, Inc. | $63,200 |
| Gage Construction, LLC | $62,000 |
| G & M CR #4, LLC | $60,400 |
| FX Unlimited, Inc. | $55,500 |
| Om Foods, LLC | $55,224 |
| Hospital & Sleep Medicine Consultants, P.C. | $49,297 |
| Compass Compliance, LLC | $48,400 |
| Collective Financial Group, LLC | $47,040 |
| Save Our Sink, Inc. | $42,400 |
| Autoglass Solutions, Inc. | $41,200 |
| Ohrkin, LLC | $41,000 |
| Robert J. Braksiek, P. C., M.D. | $36,200 |
| Wealth Advisors, Inc. | $35,760 |
| Sarsfield Financial Services, Inc. | $34,900 |
| CMR Heating and Cooling | $34,700 |
| Triangle 3 | $34,500 |
| Strellner & Associates, Inc. | $33,600 |
| Paul Andreasen | $32,025 |
| Raging Style, Inc. | $30,000 |
| R. L. Kollsmith Enterprises, Inc. | $26,800 |
| MJY Limited | $26,300 |
| Kaestner Financial Solutions, Inc. | $25,627 |
| Jeffrey Alan Hilleman | $25,006 |
| Daley Insurance Agency, Inc. | $24,400 |
| Unified Wealth Solutions, Inc. | $23,700 |
| Swenson Orthodontics, PC | $23,000 |
| Jason Vestweber | $22,185 |
| Deneve Construction, LLC | $22,000 |
| Arron Wulfekuhle | $21,441 |
| Nolan's Lawn and Landscapes, LLC | $21,296 |
| MBN Cedar Rapids LC | $21,266 |
| Scott Hiserote Construction, LLC | $20,834 |
| Burroughs Consulting Group | $20,833 |
| Patrick Deignan | $20,833 |
| Wendy Votroubek | $20,832 |
| Bradley L. Hauge, CPA | $20,832 |
| Zeddicus, LLC | $20,800 |
| Matthew Lemon | $20,800 |
| Sean M. Rice | $20,800 |
| Michelle Acamovich | $20,800 |
| Etech Transaction Solutions, Inc. | $19,800 |
| Coldwell Banker Hedges Realty | $19,700 |
| Wealth Strategies, Inc. | $18,035 |
| Jeannette M. Forslund | $17,420 |
| CR Nails, LLC | $16,900 |
| DSD Realty, Inc. | $15,600 |
| Jeffrey Busse V | $14,500 |
| Alatorre, LLC | $14,460 |
| Deanna Long Real Estate, LLC | $14,160 |
| Daniel A. Buffington | $12,800 |
| Engineering Innovation, Inc. | $12,500 |
| C2 Inspections | $12,500 |
| The Teggatz Clinic, P.C. | $12,000 |
| Capital Design, Inc. | $11,870 |
| Kyle Mclaughlin Financial, Inc. | $11,200 |
| Jean Thomas Consulting, LLC | $11,200 |
| PS Adfinity, LLC | $11,040 |
| Turner Marketing Consulting, LLC | $10,805 |
| Libations, Inc. | $9,700 |
| Barker Communications & Security, LLC | $9,500 |
| Sos, LLC | $9,300 |
| JRW Enterprises, Inc. | $9,115 |
| Piper Gloede | $8,830 |
| Brandy Murphey | $8,240 |
| Mrhomeinspectoria, Inc. | $8,026 |
| Jason's Shaved Ice | $7,900 |
| Gloede Realty, LLC | $7,500 |
| Austin J. Banks | $7,500 |
| Frett Real Estate Group, LLC | $7,300 |
| Cory R. Schieltz | $7,300 |
| Integral Property Solutions, Inc. | $6,600 |
| Sapient Appraisals, LLC | $5,812 |
| Jennifer Lowe Salon | $5,736 |
| Invisitain, LLC | $5,432 |
| Shea Custom Homes, LLC | $4,811 |
| Fish Landscaping Company | $4,566 |
| SFH4, Inc. | $4,400 |
| Bud Iben Trucking, Inc. | $4,100 |
| Precision Custom Homes, LLC | $4,000 |
| C Squared Creative, Inc. | $3,300 |
| John Pecinovsky | $2,035 |
| Complete Restorations | $1,300 |
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