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 57632
| Name of Borrower | Current Approved Amount |
|---|---|
| Herreid Livestock Auction, Inc. | $222,825 |
| Herreid Concrete, Inc. | $122,731 |
| Huber & Son, Inc. | $60,232 |
| Herreid Lumber, Inc. | $46,579 |
| WD, Inc. | $37,490 |
| Steve Lehrkamp Enterprises, Inc. | $36,397 |
| Herman Schumacher, Inc. | $34,495 |
| Brandner Bros Trucking, Inc. | $30,047 |
| Schuetzle Insurance Services, LLC | $20,833 |
| David Schumacher | $20,833 |
| James R. Dupper | $20,833 |
| Herreid Sporting Center, Inc. | $20,327 |
| A-1 Heating and Air, LLC | $19,057 |
| The Water Hole | $17,665 |
| West River Angus, LLC | $17,200 |
| Fresh Start Market, LLC | $17,132 |
| Hair Effects | $13,112 |
| Sjomeling Dairy, Inc. | $11,700 |
| Goehring Construction | $11,675 |
| Baumann's Service Station, Inc. | $11,200 |
| Roger Rossow | $11,000 |
| Roger Rossow Livestock, LLC | $7,807 |
| Peace Lutheran Church | $7,680 |
| Patsy's Cafe 2. 0, LLC | $7,629 |
| Ebel Enterprises, Inc. | $6,795 |
| Rieker Electric | $6,657 |
| Assembly of God Church | $6,375 |
| J & L Transport, LLC | $6,356 |
| Spring Valley Farms, Inc. | $6,200 |
| Adam Wiest | $5,848 |
| Campbell County Collision Center | $5,759 |
| Schuetzle Farms, Inc. | $5,414 |
| Kids Korner Daycare | $5,365 |
| Paul Weisbeck | $5,133 |
| Jesse Weisbeck | $4,931 |
| Mark D. Weisbeck | $2,970 |
| Weisbeck Precision Ag | $2,660 |
| Luke Wiest | $1,348 |
| Corrina Beck | $635 |
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