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 50595
| Name of Borrower | Current Approved Amount |
|---|---|
| Hamilton County Public Hospital | $3,172,700 |
| Vantec, Inc. | $1,878,500 |
| Webster City Custom Meats, Inc. | $1,516,500 |
| Kastim Corporation | $1,295,100 |
| Tasler Pallet & Lumber, Inc. | $876,793 |
| Mary Ann's Speciality Foods, Inc. | $785,037 |
| United Cooperative | $705,975 |
| Seneca Foundry, Inc. | $555,570 |
| Mertz Engineering Company | $487,820 |
| Crestview Nursing and Rehabilitation, LLC | $470,420 |
| JN Peterson & Sons, Inc. | $278,700 |
| The Trash Manager, LLC | $265,500 |
| Tony's Tire Service, Inc. | $231,880 |
| Central Iowa Recovery | $172,900 |
| North Star Agent Construction, Inc. | $162,500 |
| Gourley Brothers LC | $161,987 |
| Stein Heating and Cooling, Inc. | $157,600 |
| K & H Corporation | $156,800 |
| St. Thomas Aquinas Church Webster City, Iowa | $148,480 |
| Casady Bros. Implement, Inc. | $134,200 |
| Life & Health Care, Inc. | $126,039 |
| Automatic Machine Products, Inc. | $125,500 |
| Webster City Auto Center, Inc. | $124,200 |
| Gordon Farms, Inc. | $122,300 |
| Schlotfeldt Engineering, Inc. | $118,800 |
| P G & D Services, LLC | $100,900 |
| Webster City Veterinary Clinic, LLC | $86,600 |
| SNB Farms Partnership | $86,200 |
| Toftee Masonry | $86,000 |
| North Central Turf, Inc. | $82,500 |
| Kendall Young Library Trust | $78,100 |
| Sign Up, Ltd. | $77,200 |
| B. K. Enterprises, LLC | $76,700 |
| The Tile Pros, Inc. | $76,300 |
| Tracy Ihle | $69,320 |
| Kreg J. Kantek | $69,010 |
| USMTS, Inc. | $66,800 |
| Webster City Daycare Center | $65,000 |
| Timm's Auto Center, Ltd. | $64,500 |
| Duane a. Smith, D.D.S. | $61,100 |
| Riverview Early Childhood Center, Inc. | $60,270 |
| Gae, Inc. | $58,100 |
| P & P Electric, Inc. | $57,600 |
| Scott Rector | $56,400 |
| Foster Funeral Home, Inc. | $53,300 |
| Hassebrock Tax & Wealth Management, LLC | $53,100 |
| R. K. Corporation | $51,823 |
| K & M Agent Construction, Inc. | $51,300 |
| Brewer Creek Dental, LLC | $50,200 |
| Perin Industries, Inc. | $44,200 |
| Gilbert Jewelers, Inc. | $43,918 |
| Asbury United Methodist Church of Webster City, Iowa | $43,000 |
| Durable Concete Designs | $41,500 |
| Lynn Arnold Trucking, Inc. | $40,935 |
| Iowa Athletic Field Construction Company | $40,700 |
| Goebel Insurance Services, Inc. | $38,200 |
| Tolle Automotive, Inc. | $37,174 |
| Arends Agent Services, Inc. | $36,700 |
| Kyle Olson, PC, D.D.S. | $35,968 |
| Leon's Pizza, Inc. | $35,600 |
| Spangler Automotive WC, LLC | $34,200 |
| Kellee a. Shey, PLLC D.D.S. | $34,159 |
| Seamonds Insurance & Financial Solutions, Inc. | $34,082 |
| R & K Birkestrand, Inc. | $33,700 |
| J and C Builders, LLC | $32,700 |
| Hawkins Industries, Inc. | $32,500 |
| KWP, LLC | $32,100 |
| Kenville Law Firm, P.C. | $32,000 |
| Foster Insurance and Financial Services, Inc. | $31,262 |
| Jeffrey Anderson | $30,067 |
| JDM Managment, LLC | $29,800 |
| Jaycox Construction, Inc. | $29,700 |
| KHI Financial Solutions, LLC | $27,900 |
| J & V Hardware, Inc. | $25,700 |
| Seneca Street Saloon, Inc. | $25,000 |
| Gilbert Flooring & Paint, Inc. | $24,970 |
| Stony Creek Landscapes, Inc. | $24,200 |
| Schells Property Management | $24,200 |
| A & T Auto and Truck Center, Inc. | $24,100 |
| DS Consulting Services, LLC | $22,900 |
| Sego Family Farms, LLC | $22,820 |
| Maverick Machine Tool, Inc. | $21,600 |
| Home Health Solutions Subs Mymedmart, Inc. and E-Medamar, Inc. | $21,600 |
| Estlund Heating and Air Conditioning | $21,200 |
| Jensen & Son | $20,833 |
| Dale L. Blue | $20,833 |
| Eric Dawson Investment Advisor | $20,832 |
| Arnold Crop Services, Inc. | $20,825 |
| Jacob Mueller | $20,800 |
| Marvin L. Gordon | $20,800 |
| Chuong Garden of Webster City | $20,800 |
| Thomas Riemenschneider | $20,800 |
| Abens Realty, LLC | $20,800 |
| Faith United Methodist Church | $20,500 |
| Interior Spaces, Inc. | $19,900 |
| Dinsdale Motors, Inc. | $19,800 |
| Jeff Habhab Construction, Inc. | $19,700 |
| James J. Larson | $19,500 |
| Larry Dawson and Associates | $18,690 |
| Ryan Davison | $18,400 |
| Martys Body Repair | $17,900 |
| Doolittle Farms, Ltd. | $16,300 |
| GWR Enterprises, Ltd. | $16,200 |
| Church of Christ | $15,700 |
| Baker Property Management, LLC | $15,500 |
| Eg Holdings, LLC | $15,005 |
| Triple G Farms, Ltd. | $15,000 |
| Becky Hacker-Kluver | $14,254 |
| Judy Maubach | $14,200 |
| Darlene A. Johnson | $14,000 |
| Home Appliance Repair | $13,700 |
| Rouse Electric, Inc. | $13,300 |
| M. J. M. W. C. | $13,000 |
| Blue Stem Enterprises, LLC | $12,700 |
| Heffernan Enterprises, PLLC | $12,652 |
| Claude Farms, Inc. | $12,571 |
| Webster City Area Association of Business and Industry, Inc. | $12,500 |
| Wagner Farms, Inc. | $12,300 |
| Daniel B. Myers | $11,800 |
| C & C's American Tap, Inc. | $11,500 |
| Tyler Dawson Investment Advisor | $11,457 |
| Marlie's Garage, LLC | $11,296 |
| AMP Enterprise, LLC | $11,000 |
| Environmental & Incident Response, LLC | $10,632 |
| Nathaniel Mueller | $10,600 |
| E Resources Group, LLC | $10,560 |
| Scott Weldon Tapper | $10,400 |
| Gary J Groves, Attorney | $10,100 |
| Tod S. Doolittle | $9,950 |
| Lieutenant Redemption Center, LLC | $9,300 |
| He Corporation | $9,300 |
| Derren Peck | $9,128 |
| Corner Acres, Inc. | $9,100 |
| Pagel Repair | $8,964 |
| Neighborhood Realty | $8,600 |
| Chris McNiel | $8,470 |
| Justis Burgin | $8,055 |
| Iowa Specialized Transport, LLC | $8,000 |
| JHZ Investments, LLC | $8,000 |
| Agronomy RX | $7,900 |
| David's Gallery | $7,700 |
| Mornin Glory Coffee, LLC | $7,515 |
| Price Truckin, LLC | $7,430 |
| Randy L. Schaa | $7,200 |
| Vosberg Electrical | $6,900 |
| Roy Fulton | $6,800 |
| Huffman Trucking | $6,567 |
| Spa Nails by Hien, LLC | $6,500 |
| Leonard Moss | $6,400 |
| Brad Wagner | $6,300 |
| Dennis Nilles | $6,115 |
| Platinum and Red Hair Salon | $5,900 |
| Matthew Byrne | $5,643 |
| Rachel E. Stanhope | $5,396 |
| Tami J. Hejlik | $4,674 |
| Foam Catz, LLC | $4,640 |
| Andrew Jon Woodall | $4,300 |
| Mark Ellis Hild | $4,300 |
| Lamb Tractor & Small Engine | $4,200 |
| Stephanie Osboe | $3,737 |
| Flower Cart | $3,701 |
| Matthew Pruismann | $3,675 |
| Tahara's Tots | $3,500 |
| Omalleys Steamagic Carpet Cleaning and Rental | $3,365 |
| Monica Nilles | $3,229 |
| 1304 Grand, LLC | $3,002 |
| North Central Chiropratic | $3,000 |
| Meredith Bargfrede | $2,300 |
| Justin Kroona | $2,200 |
| Jones Rock and Dirt, LLC | $1,700 |
| Tanks Auto Upholstery | $1,600 |
| Jeannie Vande Zande | $1,400 |
| Moore Cleaning Service, LLC | $1,185 |
| Evans Floor Covering | $1,061 |
| Wurch Farms, Inc. | $1,025 |
| Lionel Wheeler | $757 |
| Gina Nilles | $522 |
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