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 68937
| Name of Borrower | Current Approved Amount |
|---|---|
| The Home Agency | $406,900 |
| Agvision International, LLC | $60,300 |
| T Rowe, Inc. | $55,900 |
| Empire Hay, Inc. | $52,900 |
| Steakmasters, Inc. | $42,953 |
| K & R Farms | $41,600 |
| Knoerzer Farms, Inc. | $39,600 |
| Mid-Nebraska Drilling and Services, LLC | $33,800 |
| J C & C, Inc. | $31,837 |
| Remmenga Drilling Company | $26,100 |
| Galloway Financial Advisors, Inc. | $24,732 |
| Evans Construction, LLC | $21,600 |
| Rowe, Inc. | $20,800 |
| Randall D. Hock | $18,700 |
| Cinnamon Scharf | $17,559 |
| Elwood-Bertrand Parish | $17,300 |
| Timothy Rowe | $17,000 |
| Nisley, Inc. | $16,300 |
| Turkey Creek Seed Solutions | $15,820 |
| Agri-Steer, Inc. | $15,600 |
| Midwest Steam & Condensate Solutions, LLC | $15,600 |
| Canyon Lakes Brewing Company, LLC | $15,500 |
| Lanae Matousek | $15,416 |
| Elk-O-Incorporated | $15,400 |
| Stacy L. Nickell | $14,725 |
| Docks Unlimited, Inc. | $14,600 |
| David P. Fagot | $13,995 |
| Bogle, Inc. | $12,700 |
| Beverly Bogle Louthan, PC | $12,599 |
| Rowe Land & Livestock | $12,500 |
| Bader Insulation and Sandblasting, Inc. | $11,733 |
| Grant Schutz, LLC | $10,940 |
| Our Redeemer Lutheran Church | $10,900 |
| Brian Hambidge | $10,100 |
| Heartland Pride Outfitters, LLC | $8,694 |
| William Brell | $7,900 |
| Byrns Floorcovering & Installation, Inc. | $7,800 |
| Wayco Oaklund | $7,500 |
| Kent Taubenheim | $7,375 |
| Thomas F. Koch II | $7,100 |
| Gosper County Senior Center | $7,000 |
| Lofquist Welding, Inc. | $6,500 |
| Elwood Area Foundation, Inc. | $6,300 |
| Shameless Trucking, LLC | $6,100 |
| Avanti | $5,000 |
| Cycle Therapy Counseling Services, P.C. | $5,000 |
| Jason Schutz | $4,818 |
| Holen EGG and Poultry, LLC | $4,600 |
| James Lauby | $4,105 |
| Michael Dawson | $3,600 |
| Brell Realty and Auction, LLC | $3,500 |
| Justin Lauby | $3,200 |
| Oeklers Baling, Inc. | $3,125 |
| Weissert Hardwood Flooring, Inc. | $3,100 |
| Brian Trentham | $2,640 |
| Schutz Construction | $2,500 |
| Xtreme Auto Body | $2,400 |
| Sharon Moler | $2,100 |
| Weissert Construciton, Inc. | $1,750 |
| Sindy Fiene | $1,403 |
| Ronald Scharf | $1,100 |
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