The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Eastern Star Masonic Home | $1,233,062 |
| Kruck Plumbing & Heating Company, Inc. | $646,025 |
| Mid-States Steel Corporation | $529,845 |
| Pat Clemons, Inc. | $436,285 |
| Fisher Tracks, Inc. | $404,300 |
| Iowa High School Athletic Association | $319,332 |
| Swan Creek Cabinetry, Inc. | $277,340 |
| Boone Rehabilitation Services, PC | $265,079 |
| Henkel & Associates, PC | $256,645 |
| Jordan & Mahoney Law Firm, PC | $176,200 |
| Keller Excavating, Inc. | $175,750 |
| MTM Trucking, LLC | $150,000 |
| J & J Restaurants, LLC | $145,078 |
| Seven Oaks Recreation, Inc. | $131,738 |
| Boone Vision Center, LLC | $127,990 |
| Roger Martin | $122,074 |
| Joe Busch Agent Repair, Inc. | $102,905 |
| Boone Pizza Ranch, LLC | $97,273 |
| Iowa Railroad Historical Society | $95,504 |
| RH Grabau Construction, Inc. | $91,985 |
| Technochem International, Inc. | $90,106 |
| Constructive Consultants, Inc. | $89,119 |
| FMC Masonry, Inc. | $84,323 |
| S & D Restaurants, Inc. | $76,965 |
| Boulders INN Boone, LLC | $72,300 |
| Mid Iowa Anesthesia, Inc. | $59,104 |
| Roosters Bar & Grill, LLC | $57,935 |
| Iowa Foundation for Microenterprise & Community Vitality | $56,503 |
| Kruse & Dakin, LLP | $55,120 |
| Duncan Heating & Plumbing, Inc. | $52,315 |
| Youngren Excavating, Inc. | $51,597 |
| S. R. Corporation | $50,858 |
| Remax Generations, Inc. | $48,500 |
| Bowers Financial, Inc. | $45,422 |
| First United Methodist Church of Boone | $43,942 |
| Frank F Sunstrom & Jon L Sunstrom D.D.S. PC, D.D.S. | $41,762 |
| Transchina Solutions, LLC | $41,667 |
| Majors Concrete Company | $40,413 |
| MRA Custom Application, LLC | $40,100 |
| Brown Electric of Central Iowa, Inc. | $39,540 |
| Cedar Pointe Golf Course, LLC | $39,255 |
| Boone Valley Dental, LLC | $37,454 |
| Shree Jagaji, LLC | $36,400 |
| Specialty Leather Productions, Inc. | $35,511 |
| Boone Area Chamber of Commerce | $35,500 |
| Ben Doran | $34,605 |
| Innovative Communications, LLC | $34,455 |
| Circle C Farm Corporation | $34,125 |
| CCD Yard Services, LLC | $32,578 |
| Boone Area Humane Society, Inc. | $32,283 |
| The Training Network | $32,191 |
| Novascan Technologies, Inc. | $30,150 |
| Tdvib, LLC | $29,800 |
| Hall & Martin Landscape Service LC | $28,187 |
| EGC, Inc. | $26,833 |
| Jordan T. Uthe | $26,700 |
| Redcorn Construction Services, LLC | $26,400 |
| Premier Fabrication & Powder Coating, Inc. | $25,926 |
| Michelle Kelly | $25,115 |
| Boone County Prevention and Community Services | $24,410 |
| Jin Hai Wen | $24,405 |
| Haupert Electric, LLC | $24,362 |
| T & J Land, Inc. | $24,200 |
| Kenneth Duncan | $23,927 |
| Marc & Kandice Riker | $23,900 |
| The Grading Company, Inc. | $23,493 |
| Justin Lindgren | $23,219 |
| Guru Jagaji, LLC | $22,900 |
| Viper Corporation | $22,490 |
| Daniel Doran | $22,187 |
| Modern Dress Company | $22,023 |
| A-Z Home Improvement Specialists | $21,000 |
| Sean Good | $20,833 |
| Steven Wilson | $20,833 |
| Brad Stolte | $20,833 |
| Jeffrey Johnson | $20,833 |
| Standley and Schweppe Farms, Inc. | $20,833 |
| Jayme Ungs | $20,833 |
| Kriss Haglund | $20,833 |
| Jon King | $20,833 |
| Dane Titman | $20,833 |
| Scott Good | $20,833 |
| Victor Aspengren | $20,833 |
| Mark D. Tingwald | $20,833 |
| Jeremy R. Gustafson | $20,833 |
| Weslie Phipps | $20,833 |
| Greg Stotts | $20,833 |
| David Hein | $20,833 |
| Anadia Daniels | $20,833 |
| David Eastlund | $20,833 |
| Glen Smith | $20,833 |
| Tom Smith | $20,833 |
| Harold Stotts | $20,833 |
| Daniel Timothy Rinehart | $20,833 |
| Larry Stumbo | $20,833 |
| Jeffrey Johnson | $20,833 |
| Kenton Brown | $20,833 |
| Jody Malloy | $20,833 |
| Joshua Shady | $20,833 |
| Norman Stoll | $20,833 |
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