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 52544
| Name of Borrower | Current Approved Amount |
|---|---|
| TDT Cpas and Advisors, P.C. | $1,190,900 |
| C & C Machining, Inc. | $1,043,003 |
| Iowa Steel & Wire Company | $913,332 |
| Rathbun Regional Water Association, Inc. | $500,000 |
| Centerville Community Betterment, Inc. | $339,635 |
| Cline Charitable Trust Management, LLC | $165,000 |
| Flywheel, Inc. | $145,200 |
| Kratofil Aggregates, LLC | $141,000 |
| B & K Machining, LLC | $139,800 |
| Centerville Produce | $127,100 |
| RMA Armament, Inc. | $126,100 |
| Shark Fin Shear, Inc. | $124,000 |
| Sales & Associates, Inc. | $119,871 |
| Craver, Grothe, & Cox, LLP | $115,500 |
| Rick Fenton, Inc. | $115,315 |
| Paula S. Gordy Lisw, LLC | $114,037 |
| Southern IA Heating and Cooling | $113,783 |
| Bratz Oil Corporation | $101,500 |
| John Cosby, Inc. | $99,480 |
| Kratofil Repair Center, LLC | $96,100 |
| S & L Enterprises, Inc. | $76,284 |
| Hall Engineering Company | $74,240 |
| Southern Iowa Surgical Associates, Inc. | $73,766 |
| Nick and Georgia's, Inc. | $73,447 |
| Randall S. Walker | $73,170 |
| Chariton Valley Medical Center | $68,487 |
| Rez, Inc. | $65,558 |
| Stewart Enterprises, LLC | $63,770 |
| Centerville Iowa Insurance, LLC | $62,072 |
| SDI of Centerville, Iowa, LLC | $61,700 |
| Thomas, Inc. | $60,295 |
| Ervin Masonry, LLC | $57,529 |
| Appanoose County Daycare, Inc. | $51,750 |
| Dannco, Inc. | $51,239 |
| Rathbun Lake Area Young Mens Christian Association | $49,336 |
| Superior Cable & Data, LLC | $47,578 |
| Heffron Chiropractic Clinic, PLC | $46,000 |
| Bigwheel Commercial Wash, LLC | $43,789 |
| Parkside Animal Hospital, LLC | $43,352 |
| Davis Dental, PC | $43,336 |
| Centerville Iron & Metal, Inc. | $42,400 |
| Jaren Richard Tubaugh | $41,752 |
| Rodney's Enterpirses, Inc. | $41,000 |
| Rathbun Restaurant Management | $40,010 |
| Centerville Area Chamber of Commerce | $39,346 |
| Appliance Discount Depot, Inc. | $38,810 |
| Decor Cabinets, Inc. | $34,926 |
| K & F, Inc. | $34,755 |
| Deano's Complete Automotive, Inc. | $34,200 |
| Smokin Hot, LLC | $33,948 |
| Centerville Monument Company, Inc. | $32,895 |
| Derrill Ralph Pfannebecker | $31,132 |
| Alejandro Corporation | $29,600 |
| Fairfield Feed | $29,400 |
| Exline Builders | $29,144 |
| Appanoose County Livestock, Inc. | $28,125 |
| R K Autobody, LLC | $27,857 |
| Lange Funeral Home & Crematory | $27,663 |
| Heartland Trophy Properties, Inc. | $26,220 |
| Underwood Law Office | $25,586 |
| Harshman Dental | $25,565 |
| Tiki, Inc. | $25,322 |
| Allerton Gas Company | $23,662 |
| RK Trucking Transport, LLC | $23,554 |
| DXP, LLC | $22,832 |
| Country Village Animal Clinic | $22,700 |
| Maid 2 Order, LLC | $22,573 |
| Faith United Methodist Church | $21,240 |
| Hokey's Powerwash | $20,800 |
| Centerville Lodging, LLC | $20,500 |
| Commercial Resources, Inc. | $19,854 |
| Natalie Close Agency | $19,031 |
| Hill's Sanitation Service | $19,000 |
| First Evangelical Lutheran Church | $18,573 |
| Kauz. Corporation | $17,627 |
| Jay Hanuman, Inc. | $17,300 |
| Evers Construction, Inc. | $15,979 |
| New Hope Counseling Center, Inc. | $15,639 |
| Brown's Shoe Fit Company Centerville, IA, LLC | $15,200 |
| Beaufort Corporation, Ltd. | $14,397 |
| Mccoy Legal Services, LLC | $14,140 |
| Z Meats and Farmer's Processing, LLC | $13,800 |
| Moorman Heating & Cooling, Inc. | $13,400 |
| Appanoose Country Club | $12,430 |
| Gypsy Quarter, LLC | $12,093 |
| Morris Transfer, Inc. | $12,000 |
| Shun, Inc. | $11,500 |
| Craver Abstract, LLC | $11,463 |
| Square View Holdings, LLC | $9,925 |
| Grow Centerville | $9,305 |
| Centerville Travel, Inc. | $9,300 |
| Dale Sales | $9,236 |
| Jim Irelan Men's Wear | $9,058 |
| Rock Evans, LLC | $8,855 |
| Iowa Media Network | $8,801 |
| INK Made Productions, LLC | $8,700 |
| Rebecca Evers | $8,377 |
| Impressive Designs Studio & Printing | $8,350 |
| James Chamblee E. Jr. | $8,150 |
| Tomlin Insurance, Inc. | $7,954 |
| Julie De Vries | $7,500 |
| Raw Metal Works, LLC | $7,100 |
| J&S Sports, LLC | $6,906 |
| Larry A. Ake | $6,800 |
| GCS, LLC | $6,700 |
| Back Road Soul Puppies | $6,544 |
| Chaplin Farms | $6,406 |
| Sconzos Appliance Repair | $6,360 |
| Brian Felton | $6,000 |
| Centerville Cleaners | $5,750 |
| Advanced Electric, LLC | $5,699 |
| Elite Trends | $5,655 |
| Jenz Trendz, Inc. | $5,500 |
| Apostolic Pentecostal Church of Centerville | $5,419 |
| Wendco Body Crafters, LLC | $5,300 |
| Honey Creek Broadcasting, LLC | $5,000 |
| Phoenix Transportation | $4,810 |
| Steven Otto Trucking, Inc. | $4,047 |
| Randall L. Mullenix | $3,975 |
| Ivan Miller V | $3,417 |
| White Pork, LLC | $3,400 |
| Kelly J. Jackson | $3,200 |
| Brown Tax Service | $3,019 |
| Amy Brown | $2,663 |
| Stacy L. Arnold | $2,381 |
| Wright Pest & Turf Management | $1,978 |
| The Green Room | $1,368 |
| Fearless Nutrition and Fitness | $1,200 |
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