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 62858
| Name of Borrower | Current Approved Amount |
|---|---|
| ELT Transport, Inc. | $1,441,600 |
| Wabash Independent Networks, Inc. | $659,915 |
| Glamour Farms, Inc. | $194,200 |
| John Zink | $145,337 |
| Diamond Development | $120,585 |
| Bible Pork, Inc. | $116,547 |
| Bill Garrett, Inc. | $80,700 |
| Dawkins Construction & Excavation, Inc. | $78,374 |
| Butcher Automotive, LLC | $67,757 |
| Red Brush Christian Church | $65,700 |
| Cottonwood Creek, Inc. | $52,700 |
| Blair's Slaughtering & Processing, Inc. | $52,109 |
| Crop Source, LLC | $51,470 |
| Trinity Health and Wellness, LLC | $50,557 |
| Zimdars Air Conditioning & Heating | $48,388 |
| Marty D. Poehler | $42,200 |
| Kincaid Oil Producers, Inc. | $37,600 |
| Salt & Strings Butchery, Inc. | $37,316 |
| S & L Auto Parts, Inc. | $36,740 |
| Schoonover Trucking, LLC | $35,225 |
| Bill D. McKnelly | $34,820 |
| Bob Bailey Farm | $34,750 |
| Myron S. Weidner | $34,185 |
| Jeff Cox | $29,925 |
| Kincaid Brothers Grain, Inc. | $27,475 |
| Louisville Auto Parts, Inc. | $25,928 |
| Fender Electric, Inc. | $25,000 |
| Poehler Farms, LLC | $24,100 |
| Goodman Simmons Scrap, LLC | $23,800 |
| Poehler Trucking, LLC | $23,400 |
| Danny Quinn | $21,740 |
| Steve Kincaid Farms, LLC | $21,040 |
| Jack Hastings | $20,833 |
| Troy A. Traub | $20,833 |
| Tanner D. Traub | $20,833 |
| Brian R. Streif | $20,833 |
| Tom Brooks | $20,830 |
| Miller Oil Investments, Inc. | $20,775 |
| QBC, LLC | $19,565 |
| Saint Johns Lutheran Church | $18,645 |
| Speedy's Used Cars, Inc. | $14,082 |
| Illini Land Ice, LLC | $14,070 |
| Kincaid Farms, Inc. | $12,485 |
| Warren Dale Hastings | $11,590 |
| Brittani L. Hosselton | $11,107 |
| Clay County Republican, Inc. | $10,901 |
| Darrell McKnelly | $10,667 |
| Bible Grove Christian Chruch | $10,550 |
| Philip Kemmerer | $10,467 |
| David W. Porter | $8,980 |
| Seedco, Inc. | $8,980 |
| John Zink | $8,600 |
| Grace and Truth Counseling, LLC | $8,357 |
| Clay County Animal Rescue and Shelter | $8,090 |
| John Zimmerman | $7,952 |
| Triplett Funeral Homes, LLC | $7,852 |
| Britton Farms | $7,287 |
| Tom Brooks Farms | $7,145 |
| Goodman Supply, Inc. | $7,085 |
| Clay County Counseling Center | $6,105 |
| Randy Bailey | $6,076 |
| Kenneth Wattles | $5,945 |
| Matt Winterrowd | $5,415 |
| Wesley Turner | $5,385 |
| Fehrenbacher Wall to Wall Flooring, LLC | $4,573 |
| Louis Traub | $3,455 |
| Brian Wattles | $3,145 |
| Curtis M. Mellendorf | $3,094 |
| Levi K. Bailey | $2,940 |
| Amanda Horvet | $2,535 |
| Lawson Britton | $2,402 |
| Justin W. Newby | $2,210 |
| Kyle McKnelly | $1,112 |
| Nicola Wattles | $900 |
Alerts Sign-up