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Wednesday, November 6, 2024

2020: 30 PPP loans provided to small businesses in ZIP Code 52540

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There were 30 PPP loans provided to small businesses in 2020 in ZIP Code 52540, according to the US Small Business Administration.

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 52540

Name of BorrowerCurrent Approved Amount
Cobb Oil Company, Inc.$536,100
D&D Horras Farms$64,200
3L Farms, LLC$62,500
SJM Trucking, LLC$54,700
Anderson Farms$41,245
Dutch Creek Trucking, LLC$25,000
Curtis Pacha$21,052
Double C Trucking, LLC$20,860
Millers General Contracting, Inc.$19,900
Harbison Fencing, LLC$16,904
Jeremy Lynn, LLC$14,400
Hope Lutheran Church$10,600
Ernest Dean Greiner$10,400
Sandpork, LLC$10,400
Guy Production Agent, Inc.$9,700
Wright Grain and Livestock Corporation$9,600
David McArtor$9,200
Carlos L. Wilson$6,300
High Temperature Dance Academy, LLC$5,796
Buckingham Farm, Inc.$4,500
A & E Automotive, Inc.$4,000
Alexandria Coble-Frakes$3,578
Taglauer Construction, Inc.$3,100
Diers Construction$3,000
Donelson Enterprises, LLC$2,700
Jesse Rebling$2,500
Dustin Phillips$1,530
Jared Rebling$1,000
Marikay Rebling$800
Craig Manning$700

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