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 57523
| Name of Borrower | Current Approved Amount |
|---|---|
| Community Memorial Hospital, Inc. | $476,600 |
| Burke Building Center | $90,400 |
| Missouri Valley Mutual Insruance Company | $89,200 |
| Burke Community Pharmacy, Inc. | $77,200 |
| Liewer Enterprises, Inc. | $75,400 |
| Greens Grocery, Inc. | $65,000 |
| Steffen Farms, LLC | $58,100 |
| Hutch's Honey, Inc. | $46,200 |
| Gregory County Locker, LLC | $42,500 |
| Petes Taxidermy | $41,900 |
| Burke Livestock Auction, Inc. | $37,600 |
| Stukels Eagle Ranch, LLC | $35,400 |
| Stukel's Angus Ranch, LLC | $24,900 |
| Dale York | $20,833 |
| Healing Hands, LLC | $19,700 |
| Billie Sutton Leadership Institute | $17,800 |
| Burke Lucas Baptist Parish | $17,800 |
| Burke Golf Club | $17,600 |
| TD Construction | $17,200 |
| Douglas R. Johnson | $16,800 |
| Byrain Boes | $16,100 |
| Nelsons Machine & Welding, LLC | $15,000 |
| Main Street Auto Parts, LLC | $14,800 |
| Mikkelsen Farms, Inc. | $14,600 |
| Purvis Electric | $14,300 |
| Burke Day Care, Inc. | $13,100 |
| S&S Construction Services, Inc. | $12,500 |
| Kerner Andersson Law Firm Professional, LLC | $12,500 |
| M & N Cattle, LLC | $12,200 |
| Grace Evangelical Luthern Church | $11,800 |
| Burke One Stop, LLC | $10,300 |
| Bills Bar II | $10,200 |
| Darcy Duerfeldt | $10,000 |
| Gregory County Title One, LLC | $9,700 |
| Kasey Hanson | $8,400 |
| Wells Utilities, LLC | $7,800 |
| Tikamar Ranch, Inc. | $7,500 |
| Gunvordahl Gunvordahl & Norberg Professional, LLC | $6,400 |
| Coach's Lawn Service, LLC | $6,000 |
| Burke Auto Body | $5,800 |
| Hutchco, Inc. | $5,200 |
| Hillcrest Motel | $3,800 |
| The Burke Gazett, LLC | $3,700 |
| Anthony S. Mayer | $2,900 |
| Rods Repair | $1,800 |
| Becky McGee | $1,500 |
| Richard Niles | $1,397 |
| First Baptist Church Lucas | $1,100 |
| Wolf Construction | $800 |
| Union Baptist Church | $500 |
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