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 62824
| Name of Borrower | Current Approved Amount |
|---|---|
| Wolfe Pipe Testing, LLC | $131,587 |
| Bangert Well Service, Inc. | $127,775 |
| Billy Peterman | $50,335 |
| J. W. Rudy Company, Inc. | $41,925 |
| Nussmeyer Tree Services, LLC | $38,114 |
| Bangert Well Service of Indiana, LLC | $35,420 |
| Dusty's Tire Shop, LLC | $31,465 |
| Miles Warren Farms | $28,265 |
| Dale Cailteux | $27,130 |
| Lew Crew Farms, LLC | $26,205 |
| M & I Acid Company, Inc. | $23,287 |
| Terry Lee Woodrow | $20,850 |
| Rod Franklin Well Service, Inc. | $17,760 |
| Tri-State Acid Company, Inc. | $14,535 |
| Alan D. Dunahee | $11,735 |
| Farm Freight, LLC | $9,182 |
| Kelby Kessler | $9,033 |
| Brock M. Carder | $8,225 |
| William D. Croy | $7,653 |
| Outlaw Agent Services, Inc. | $6,775 |
| Gill Farms, Inc. | $6,200 |
| Cole Weidner | $6,133 |
| Keith E. Brake | $5,800 |
| Jimmy Reynolds | $4,700 |
| Karen Pickel | $4,585 |
| Shane Carder | $3,590 |
| Sunrise Seed, LLC | $3,440 |
| Steve Lewis Construction, LLC | $3,110 |
Alerts Sign-up