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 52531
| Name of Borrower | Current Approved Amount |
|---|---|
| Monroe County Hospital | $2,049,000 |
| Superior Machine, Inc. | $752,600 |
| Zero Connect, LLC | $508,400 |
| Iowa Aluminum, Inc. | $485,900 |
| Monroe Care Center, Inc. | $400,700 |
| Tom's Tree Service, LLC | $399,895 |
| Kness Manufacturing Company, Inc. | $386,200 |
| Animal Health Center's, Inc. | $355,200 |
| Shinn Construction, Inc. | $180,000 |
| Kool Feed Bag, Inc. | $159,500 |
| Awol Outdoors, Inc. | $156,600 |
| Monroe County Professional Management | $130,000 |
| Hometown Fabricating, LLC | $129,500 |
| Preferred Wholesale, Inc. | $129,000 |
| Albia Motor Company, Inc. | $123,465 |
| Southern Iowa Technologies, Inc. | $104,000 |
| Shinn Kellogg, LLC | $97,900 |
| Boley Real Estate Albia, Inc. | $95,500 |
| Joseph L. Bates, D.D.S. | $88,200 |
| KMA Steel, LLC | $77,100 |
| Albia Newspapers, Inc. | $68,000 |
| TBC Insurance, Inc. | $61,700 |
| Albia Super Valu | $58,200 |
| Mick Furniture and Appliance, Inc. | $55,425 |
| Indian Hills INN, Inc. | $52,200 |
| M-W Livestock, Inc. | $50,000 |
| Rubel Roofing & Construction | $49,200 |
| Adams a/B Company, Inc. | $46,500 |
| Johnson Insurance Sales Corporation | $45,200 |
| Reinmund & Company | $42,500 |
| Lathrop Farms | $42,500 |
| Ragtime Industries | $40,200 |
| Bogie's Steakhouse | $36,025 |
| Waveguide Communications, Inc. | $34,700 |
| Belzer Equipment, Inc. | $34,300 |
| John a Mary K & John Lawless PTR Lawless Farms | $32,100 |
| Christoper D. Curran | $30,822 |
| Hawkey Farm Management & Real Estate, Inc. | $29,302 |
| Harris Agent Service, LLC | $28,100 |
| Roger Kool, LLC | $27,500 |
| Tharp Funeral Home, Inc. | $27,500 |
| El Agave, Inc. | $27,200 |
| Coltrain Implement | $26,000 |
| John G. Crall | $24,200 |
| Csfi, LLC | $23,000 |
| The Rat Pack, Inc. | $22,900 |
| Ward Valley, LLC | $22,198 |
| B & J Operations, LLC | $22,000 |
| Henderson Cattle, Inc. | $21,500 |
| Hopkins Construction | $20,054 |
| Wes Aeschliman Insurance, Inc. | $20,000 |
| Wynns Albia Dairy Bar, LLC | $19,700 |
| G and P Insurance, Inc. | $18,700 |
| Jeramy Summers | $18,488 |
| Brees Rest Home, Inc. | $18,200 |
| Absolute Cleaning Systems, LLC | $18,000 |
| C & A Investments | $18,000 |
| Highway Restaurant, LLC | $17,800 |
| Monroe Shrock M. Jr. | $16,665 |
| CDC Cattle, Inc. | $16,625 |
| Brick Street Grille, Johnson Style, LLC | $16,200 |
| Joseph F. Starcevic, Attorney at Law | $16,200 |
| First Christian Church | $15,700 |
| Thomas Laughead | $15,300 |
| Mcgee Rentals, LLC | $14,107 |
| Sarver Chiropractic Health Center | $14,000 |
| Mullen Family Dentistry, LLC | $13,700 |
| Ogle's Greenhouse | $13,500 |
| Albia Golf, LLC | $13,000 |
| Blackdawg Express Transportation, LLC | $12,500 |
| Phillip Doak | $12,500 |
| First Family Church of Albia | $12,300 |
| Roger Kool Farm | $10,700 |
| Cross Rhodes, LLC | $10,690 |
| Robert Hoover | $10,529 |
| Eric McCrea | $10,500 |
| Kari M. Knowles | $10,500 |
| Mustard Seed Albia, LLC | $9,982 |
| Lindsay Kamerick | $9,200 |
| Jeff Bettis Construction | $9,000 |
| Butler Family Farms, LLC | $9,000 |
| Luke Nissen | $8,900 |
| Sinnott Funeral Home, Inc. | $8,700 |
| Paul Ammons | $8,605 |
| Scieszinski Construction | $8,600 |
| Trey Lee Seavey | $8,475 |
| Caudill Portable Welding | $8,400 |
| Erica Ward | $7,500 |
| Dustin Dowdy | $7,240 |
| Richard Welsh | $7,170 |
| Shayla Huber | $6,400 |
| Brian Hindman | $6,000 |
| Lynda Kosman | $5,795 |
| Lester Helmuth | $5,100 |
| Larry B. Chidester | $4,264 |
| Butler's Charcoal Ridge, LLC | $4,200 |
| Nick's Stone Pizzeria & Tacos | $4,000 |
| Tim Kaldenberg | $3,000 |
| TJCB, Inc. | $2,760 |
| Rodger J. McGlothlen | $2,600 |
| Carolyn Vanklavern | $2,500 |
| Joe Hoover | $2,363 |
| Jane Kerr Sinnott | $2,263 |
| Kenny Hannan Jr. | $2,200 |
| Just B. Teasin | $1,700 |
| CRP Services, LLC | $1,457 |
| Wanda Flahive | $600 |
| Allyson Ryan-Haberman | $400 |
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