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 2021 in ZIP Code 50616
| Name of Borrower | Current Approved Amount |
|---|---|
| C H Wilson Transport, Inc. | $598,742 |
| K. G. B., Inc. | $547,596 |
| Machine Tool Engineering, Inc. | $484,500 |
| Hawkeye Mold & Design Company | $260,000 |
| Charles City Aeronautics, Inc. | $245,600 |
| Special Medical Services Corporation | $200,000 |
| Swartzrock Implement, Inc. | $197,552 |
| Central Park Dentistry Charles City, LLC | $196,205 |
| Immaculate Conception Church | $189,845 |
| Diversified Manufacturing, Inc. | $180,690 |
| Diversified Fastening Systems, Inc. | $174,545 |
| Thor Manufacturing, LLC | $156,245 |
| Custom Wood Products, Inc. | $106,133 |
| Dabritosa, Inc. | $105,906 |
| The Optometric Center of Charles City, P.C. | $101,685 |
| Triple J Ranch, Inc. | $84,300 |
| Hometown Dental, Inc. | $84,067 |
| Unlimited Spirit, Inc. | $83,870 |
| Family Ymca of Charles City | $82,225 |
| H B Corporation | $81,394 |
| Skusters Sports Bar, LLC | $79,573 |
| Nelson Tire & Auto, Inc. | $76,553 |
| TLC the Learning Center | $73,675 |
| Mills, Inc. | $73,639 |
| Westergard Construction, Inc. | $66,642 |
| The Insurance Office, Inc. | $55,670 |
| Family Community Credit Union | $52,305 |
| Do It All Services, LLC | $50,653 |
| T&C Machine | $50,500 |
| Kronlage & Olson, P.C. | $42,097 |
| Global Electronic Group, LLC | $41,665 |
| Fosyth Brothers, LLC | $38,479 |
| Eggert ERB and Ellingson | $37,635 |
| Barry's Comet Bowl, Inc. | $35,932 |
| Brian Schmidtke | $34,600 |
| Scott Andrews, CPA | $33,100 |
| Val O. Lyons PC, M.D. | $32,100 |
| H. R. Corporation | $32,086 |
| West Quality Air Systems, LLC | $31,125 |
| Cary Perez | $30,006 |
| Stewart Realty Company | $29,854 |
| Yaneimis Lopez Ricardo | $29,165 |
| Murray Acres, Inc. | $28,400 |
| Mcgregor Farms, Inc. | $27,744 |
| Charles City Area Development Corporation | $27,406 |
| Bussco, LLC | $25,795 |
| Oakwood Farms | $25,556 |
| Hull Enterprises, LLC | $25,032 |
| Stephen Merfeld | $25,020 |
| Stephen Merfeld | $25,000 |
| Vicky Sonne | $23,993 |
| F&H Aluminum | $23,177 |
| Cedar Valley Iowa Realty & Auction Company, LLC | $22,847 |
| Kellogg Construction, Inc. | $22,700 |
| Terry Meyer | $21,966 |
| Hillegas Flooring, LLC | $21,500 |
| Center View Farms Company | $21,223 |
| Charles City Electronics Bike and TV Service, Inc. | $20,841 |
| Dean Grober | $20,833 |
| Grant Greenzweig | $20,833 |
| Rodney Katcher | $20,833 |
| Craig Pogemiller | $20,833 |
| Pam Erbe-Lines | $20,833 |
| John Bahnsen | $20,833 |
| Dennis Jendro | $20,833 |
| Donna Pierce | $20,833 |
| Daniel Schmitt | $20,833 |
| Rick Peters | $20,833 |
| Santos Salinas | $20,833 |
| Steven Koebrick | $20,833 |
| Chris Tusler | $20,833 |
| Rodney Hinz | $20,833 |
| Bruce Goddard | $20,833 |
| Brad Ritter | $20,833 |
| Yaneimis Lopez Ricardo | $20,833 |
| John Burkholder | $20,833 |
| Michael Jaeger | $20,833 |
| Craig Begemann | $20,833 |
| Michael Jaeger | $20,833 |
| Jacob Greenzweig | $20,833 |
| Ronald Stewart | $20,833 |
| Brent Waid | $20,833 |
| Kent Hoeft | $20,833 |
| Frascht Diversified | $20,833 |
| William J. Ruzicka Jr. | $20,833 |
| David Knecht | $20,833 |
| Dale Burkholder | $20,833 |
| Kevin Martin | $20,833 |
| Rodney Hinz | $20,833 |
| Lloyd Nolt | $20,833 |
| Corey Webb | $20,833 |
| Rodney Faber | $20,833 |
| Dave Schrader | $20,833 |
| William J. Ruzicka Jr. | $20,833 |
| John Brinkman | $20,833 |
| Richard Miller | $20,833 |
| Dean Holzer | $20,833 |
| Jason Burkholder | $20,833 |
| Grand Horizon Farms, LLC | $20,833 |
| Kisch Excavating, LLC | $20,833 |
| Dean Holzer | $20,833 |
| Richard Laube | $20,833 |
| Douglas Temple | $20,833 |
| Terry Wegner | $20,833 |
| Richard Robert | $20,833 |
| Grant Greenzweig | $20,833 |
| Kendra Merfeld | $20,833 |
| Gary Carstens | $20,833 |
| Kimberly Bahnsen | $20,833 |
| William Ruzicka | $20,833 |
| Gary Debower | $20,833 |
| Lamar Zimmerman | $20,833 |
| Wayne R. Koehler | $20,833 |
| Scott Tjaden | $20,833 |
| Rodney Faber | $20,833 |
| Joshua Marth | $20,833 |
| Barry Zimmer | $20,833 |
| Albert Schmitt | $20,833 |
| John Bahnsen | $20,833 |
| Darwin Goddard | $20,833 |
| Eddie Washington | $20,833 |
| William Ruzicka | $20,833 |
| Nelson Stauffer | $20,833 |
| Ryan Schrader | $20,833 |
| Stacey Clark | $20,833 |
| Rodney Frascht | $20,833 |
| Daniel Vickers | $20,833 |
| Sonne Farm, LLC | $20,833 |
| Ryan Schrader | $20,833 |
| James Kisch | $20,833 |
| Duane Ritter | $20,833 |
| Pamela Erbe Lines | $20,833 |
| Rodney Frascht | $20,833 |
| Gerald Reiss | $20,833 |
| Denny Begemann | $20,833 |
| Brian Voelker | $20,833 |
| Douglas Klinkel | $20,833 |
| Brian Voelker | $20,833 |
| Santos Salinas | $20,833 |
| Kevin Novak | $20,833 |
| Dennis Petefish | $20,833 |
| Franklin Ashley | $20,833 |
| Grand Horizon Farms | $20,833 |
| Schrader Farms, Inc. | $20,833 |
| Brad Ritter | $20,833 |
| Scott Tjaden | $20,833 |
| Lee Lovik | $20,833 |
| Doug Temple | $20,833 |
| John Brinkman | $20,833 |
| Dean Tjaden | $20,833 |
| Steve L. Halligan | $20,833 |
| Dean Grober | $20,833 |
| Richard Miller | $20,833 |
| Lynn Elfers | $20,833 |
| Marlin Ploeger | $20,833 |
| Allen Calhoun | $20,833 |
| John Frein | $20,833 |
| James Zimmerman | $20,833 |
| Brent Waid | $20,833 |
| James Geerts | $20,833 |
| Lynn Elfers | $20,833 |
| Steve Halligan | $20,833 |
| Kendra Brown | $20,832 |
| John Barnish | $20,832 |
| Shandnana Smith | $20,832 |
| Joanna Gautier | $20,832 |
| Cornelius Phillips | $20,832 |
| Steve Koebrick | $20,832 |
| Lakiya Jones | $20,832 |
| Christy Tucker | $20,832 |
| Paul Johnson | $20,832 |
| Antwone Cooper | $20,832 |
| Lavern Nolt | $20,832 |
| Anthony Staudt | $20,832 |
| Duane Ritter | $20,832 |
| Victoria McMurray | $20,830 |
| Keith Martin | $20,800 |
| Daniel Caffrey | $20,800 |
| Michael Hobert | $20,800 |
| Kendra Merfeld | $20,800 |
| Randy Heise | $20,800 |
| Charles Staudt | $20,800 |
| Scott Glaser | $20,800 |
| Charles Staudt | $20,800 |
| Gary Quade | $20,800 |
| Richard Schultz | $20,800 |
| Larry Sonne | $20,800 |
| Joel C. Forsyth | $20,800 |
| Jason Entherington Jr. | $20,800 |
| Daniel Schmitt | $20,800 |
| Bruce Copper | $20,800 |
| Larry Sonne | $20,800 |
| Joel C. Forsyth | $20,800 |
| Scott Glaser | $20,800 |
| Mark Forsyth | $20,800 |
| Scott Siemons | $20,800 |
| Gary Osterman | $20,800 |
| Randy Heise | $20,800 |
| Mark Forsyth | $20,800 |
| John Carolan | $20,800 |
| Gary Quade | $20,800 |
| Gordon Boge | $20,800 |
| Bruce Goddard | $20,800 |
| Bruce Copper | $20,800 |
| Sueann Johnson | $20,783 |
| Sueann Johnson | $20,783 |
| Lois Nevers | $20,688 |
| Carla Franklin | $20,625 |
| Moesha Shaw | $20,208 |
| Triumph Surplus, LLC | $20,172 |
| Francis Mosley | $20,042 |
| Francis Mosley | $20,042 |
| Jeremiah McClenton | $20,040 |
| Leeander Collions | $20,000 |
| Shane Hewitt | $19,720 |
| Robert Winterink | $19,584 |
| Robert Winterink | $19,584 |
| Thomas Winterink | $18,803 |
| Martin Anderson | $18,700 |
| R J M Farm Corporation | $18,507 |
| Luther Branch | $17,812 |
| Leroy Geerts | $17,757 |
| Young Contsturction, Ltd. | $17,688 |
| Cortez Jones | $17,666 |
| Adam White | $17,500 |
| David McGregor | $17,498 |
| Blake Jensen | $17,300 |
| Tiffany Mustard | $17,164 |
| Lamont Blackman | $17,082 |
| Charles City Area Chamber of Commerce | $16,825 |
| Joshua Johnson | $16,755 |
| Drew Staudt | $16,600 |
| Drew Staudt | $16,600 |
| Bruce Cannon | $16,524 |
| Justin Zeiset | $16,400 |
| Steven Farmer | $16,131 |
| Cedar River Signs, Inc. | $16,107 |
| Circle K Communications Corporation | $16,036 |
| Circle K Communications, Inc. | $16,036 |
| Jennifer Bro | $16,012 |
| SLK Farms, Inc. | $15,996 |
| Saxony Stores, LLC | $15,763 |
| Chris Olesen | $15,749 |
| Adrienne Baskin | $15,364 |
| Adrienne Baskin | $15,364 |
| Candace Sturgis | $15,364 |
| Candace Sturgis | $15,364 |
| Markeise Seymour | $15,364 |
| Dennis P Donovan, PC | $14,432 |
| Duane Forsyth | $14,020 |
| Duane Forsyth | $14,020 |
| Wendy Johnson | $13,865 |
| Julius Bryant | $13,777 |
| Jessica Rodriguez | $13,605 |
| Tom Brunner | $13,285 |
| Blake Frascht | $13,258 |
| Blake Frascht | $13,258 |
| Brent Schlader | $13,040 |
| Brent Schlader | $13,040 |
| David Ruzicka | $12,932 |
| David Ruzicka | $12,932 |
| Hinders Tree Service, LLC | $12,865 |
| Kenneth Johnson | $12,619 |
| Michael Quade | $12,600 |
| Michael Quade | $12,600 |
| Grant Stewart | $12,514 |
| Central Preschool | $12,455 |
| Benjamin Dodge | $12,228 |
| Charles Franke | $12,210 |
| Charles Franke | $12,210 |
| Jackson Boge | $11,615 |
| Greenzweig Farms, Inc. | $11,457 |
| Charles Theatre, Inc. | $11,400 |
| Huffman Auto Body | $11,250 |
| Jeffrey Zimmerman | $11,045 |
| David Anderegg | $11,015 |
| Newbauer, Inc. | $10,895 |
| Klay Rustad | $10,837 |
| John Martin Burkholder | $10,716 |
| R & R Travel, Inc. | $10,675 |
| D & L Stock Farms, Inc. | $10,600 |
| Raymond Holzer | $10,400 |
| Raymond Holzer | $10,400 |
| Tyrecas Matlock | $10,161 |
| Brady Frascht | $9,987 |
| Brady J. Frascht | $9,987 |
| Jennifer Ross | $9,981 |
| R Campground, Inc. | $9,962 |
| Dustan Knecht | $9,793 |
| Dustan Knecht | $9,793 |
| Brady Tenge | $9,709 |
| Kristopher Wegner | $9,639 |
| James Kuykendall | $9,598 |
| Ann Troge | $9,504 |
| Larry Tjaden | $9,487 |
| Larry Tjaden | $9,487 |
| Jay Jung | $9,425 |
| Jay Jung | $9,425 |
| Nicholas Bjelica | $9,272 |
| Lori Stewart | $9,222 |
| Brandon Noe | $9,200 |
| Dennis Sanvig | $9,045 |
| Mark Knecht | $8,996 |
| Dominque Bill | $8,869 |
| Dylan Wulff | $8,660 |
| Brandon McCabe | $8,653 |
| Eric Kapping | $8,568 |
| Cheyenne Ackerson | $8,552 |
| Dead Level Heating and Cooling | $8,542 |
| Hannah Severin | $8,402 |
| Hannah Severin | $8,402 |
| Theresa Deetz | $8,400 |
| Dennis Friederich | $8,120 |
| Thomas Heddens | $8,056 |
| Buschleaguer Fitness, Inc. | $7,829 |
| Michael Kubik | $7,761 |
| Michael Jung | $7,580 |
| Myron Daniel | $7,500 |
| Matther Hoeft | $7,500 |
| Houdek Floor Covering, Inc. | $7,260 |
| Seth Nordmeyer | $7,125 |
| Ethan Voelker | $7,125 |
| Sara Sharp | $6,899 |
| Jon Heinz | $6,685 |
| Kale Sharp | $6,522 |
| S & J Heinz Farms, Inc. | $6,500 |
| 3S Farms, LLC | $6,353 |
| Hair Forum for Men & Women | $6,341 |
| Lucas Pogemiller | $6,262 |
| Lucas Pogemiller | $6,262 |
| Thomas Houdek | $6,207 |
| David Youngerman | $6,200 |
| Michelle Stevenson | $6,189 |
| Denise Hagarty | $6,170 |
| Lacey Charlton | $6,133 |
| Veterans of Foreign Wars Post 3914 | $6,032 |
| Shelly Hoy | $5,978 |
| Thomas Bjelica | $5,920 |
| Timothy Berk | $5,840 |
| Timothy Berk | $5,840 |
| Aaron Hickle | $5,767 |
| Heather Chambers | $5,760 |
| Jennifer Lopez | $5,702 |
| JR Family, Inc. | $5,700 |
| Jessica Rivera | $5,700 |
| Brittany Parker | $5,616 |
| Bethany Bryant | $5,608 |
| Roby Winterink | $5,573 |
| Elizabeth Sullivan | $5,521 |
| Elizabeth Sullivan | $5,521 |
| Teresa Landt | $5,460 |
| Diane Meyer | $5,245 |
| David Youngerman | $5,200 |
| George Usher | $5,154 |
| Julie Heddens | $5,145 |
| Candy Blakewell | $5,142 |
| Trisha Barnish | $5,045 |
| Gilbert Starble | $5,031 |
| Samuel Offerman | $5,008 |
| Sullivan Electric, Inc. | $5,000 |
| Veronica Litterer, Inc. | $5,000 |
| NBJ Corporation | $4,902 |
| Denise Hagarty | $4,855 |
| Sharon Tieskotter | $4,850 |
| Tram Pham | $4,809 |
| Tanner Knowlton | $4,673 |
| Robert Lines | $4,669 |
| Robert Lines | $4,669 |
| Wayne Gipple | $4,666 |
| Schmiedel Chiropractic, PC | $4,600 |
| Sandy Sonne | $4,477 |
| Trenton Laube | $4,462 |
| Grace Deetz | $4,378 |
| Todd Landt | $4,375 |
| North Iowa Brewing Company | $4,375 |
| Jessica Page | $4,345 |
| Emily King | $4,292 |
| Marilyn Venz | $4,200 |
| Heidi Pavlovich | $4,100 |
| Shadow Mead Farms, LLC | $4,000 |
| Shadow Mead Farms, LLC | $4,000 |
| Lee Hoeft | $4,000 |
| Terry Frascht Construction, LLC | $3,900 |
| Lori McCabe | $3,900 |
| Pately, Inc. | $3,900 |
| Michael Sindt | $3,877 |
| Lacy Reams | $3,842 |
| Lacy Reams | $3,842 |
| Michael Winterink | $3,800 |
| Connie Goddard | $3,700 |
| Gerald Pyle | $3,600 |
| Jeffery Hobert | $3,433 |
| Hair Forum for Men & Women | $3,415 |
| Joey Obermeier | $3,313 |
| Richard Mitchell | $3,310 |
| Herman Auto Salvage | $3,300 |
| Bruce Koebrick | $3,217 |
| Bruce Koebrick | $3,217 |
| Robert Hansen | $3,207 |
| Jason Johnston | $3,147 |
| David Bledsoe | $3,100 |
| Stephen Schiller | $3,099 |
| Craig Niichel | $3,033 |
| Joyce Knoll | $3,015 |
| Susan Wilkinson | $2,971 |
| Susan Wilkinson | $2,971 |
| Janice Parks | $2,913 |
| Phillip Harris | $2,842 |
| Phillip Harris | $2,842 |
| Jennifer Ross | $2,812 |
| Kim Wendel | $2,810 |
| Denise Girkin | $2,763 |
| Aikey Enterprise, Inc. | $2,700 |
| Douglas Deetz | $2,700 |
| Wesley, Ltd. | $2,691 |
| Alan McGregor | $2,629 |
| Ardith Miller | $2,561 |
| Cody Mercer | $2,531 |
| Jared Koebrick | $2,505 |
| Fox Built, Inc. | $2,500 |
| Denise Deleeuw | $2,405 |
| Michelle Anderegg | $2,391 |
| Dwayne Miller | $2,250 |
| Ryan Richardson | $2,239 |
| Diane Meyer | $2,210 |
| Gerald Mitchell | $2,200 |
| Charlie Perry | $2,155 |
| John Howe | $2,142 |
| Lonnie West | $2,125 |
| Tiffany Harris | $2,100 |
| Nathaniel Knecht | $2,081 |
| Brian Fuller | $1,900 |
| Thomas Sisson | $1,824 |
| Hunter Nehls | $1,806 |
| Eddie Putney | $1,696 |
| Douglas Koebrick | $1,627 |
| Heeren Construction | $1,562 |
| Adrienne Jones | $1,552 |
| Clifford Kelly | $1,552 |
| Stacy Campbell | $1,505 |
| Stephanie Hall | $1,480 |
| Diana Childs | $1,298 |
| Titus Sales, Inc. | $1,250 |
| Leland Boyd | $1,200 |
| Craig Hamm | $961 |
| Daniel Bittner | $875 |
| Jeffrey Pavlovich | $850 |
| Russel Grosebeck | $712 |
| Nick Mead | $679 |
| Samantha Ross | $639 |
| Chay L. Sonberg | $610 |
| Jeffrey Titus | $360 |
| Harry Rimrod | $285 |
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