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 68979
| Name of Borrower | Current Approved Amount |
|---|---|
| Van Kirk Sand & Gravel, Inc. | $1,593,745 |
| Friesens Chevrolet, Inc. | $518,745 |
| George Brothers Propane & Fertilizer Corporation | $352,338 |
| Central Nebr. Wood Preservers | $294,000 |
| Sutton Community Home, Inc. | $246,200 |
| Perfect Circle Irrigation | $221,200 |
| George Brothers, Inc. | $210,350 |
| Iowa Wood Preservers, Inc. | $182,000 |
| Remco, Inc. | $103,400 |
| Todds Feed & Transport, Inc. | $102,300 |
| Sutton Irrigation & Repair, Incorporated | $90,100 |
| Midwest Pipe & Tank, LLC | $87,097 |
| Playstack, LLC | $84,000 |
| Aspegren Repair, Inc. | $82,500 |
| Quality Builders, LLC | $81,200 |
| Itzen Enterprises, Inc. | $79,000 |
| A Plus Contracting, LLC | $68,500 |
| Sutton Veterinary Clinic | $54,200 |
| Quality Healthcare Clinic, LLC | $51,358 |
| B & K, Inc. | $51,358 |
| Zoucha Irrigation Services, Inc. | $42,200 |
| Mustang Media, Inc. | $39,500 |
| Stengel Enterprises, LLC | $36,900 |
| Jim's Agri-Air | $33,800 |
| Sutton Auto Supply, Inc. | $31,600 |
| Sutton Electric, Inc. | $31,300 |
| Triple R Seamless Gutters, LLC | $28,500 |
| Sutton Christian School | $25,500 |
| A & L Electric Plumbing and Heating | $25,135 |
| The Clay County News | $25,000 |
| Friesen Distribution, Inc. | $25,000 |
| Clay County Physical Therapy, PC | $23,663 |
| 4N Agent | $23,000 |
| George's Aerial Spraying Service, Inc. | $23,000 |
| Smith Trenching | $21,100 |
| Brain Sheridan | $20,830 |
| Neil Cloet | $20,800 |
| Stanley H. Rath | $20,800 |
| Matthew Cloet | $20,800 |
| Eric Cloet | $20,800 |
| Kurt Kleinschmidt | $20,464 |
| Sutton Federated Church | $20,100 |
| Todds Feed Supply & Trailer Sales, Inc. | $20,100 |
| Allen R Sippel, DVM | $20,000 |
| Patchmaster Central, Inc. | $19,350 |
| South Central Chiropractic, P.C. | $19,293 |
| Clay County Tree Service | $19,100 |
| Hondo Enterprises, Inc. | $18,300 |
| Double O Farms, Inc. | $18,200 |
| Masonry Specialties, Inc. | $17,525 |
| Caleb C. Fintel | $17,300 |
| Scott A. Griess | $17,100 |
| Walt's Building & Remodeling, LLC | $16,200 |
| The Mustang Restaurant & Lounge, LLC | $15,000 |
| KCP, LLC | $12,500 |
| County Line Agent, Inc. | $11,700 |
| CM Farms, Inc. | $11,250 |
| Sutton Vision Center, Inc. | $10,988 |
| Danny's Vending | $10,700 |
| Pro Lumber, Inc. | $10,700 |
| Vangroningen Seeds, Inc. | $10,433 |
| George Agent Service, Inc. | $10,163 |
| Fuehrer's Market, LLC | $9,915 |
| John R. Sheridan and Sons | $9,782 |
| Emmanuel Reformed Church | $8,800 |
| Buller Spraying, Inc. | $8,750 |
| Norris Kramer | $8,700 |
| Russell L. Ebert | $8,153 |
| Eagle Pointe, LLC | $7,700 |
| HCS Scouting, Inc. | $7,500 |
| CMK Aerial, Inc. | $7,500 |
| Kirk A. Pope | $7,453 |
| Timothy K. Anderson | $7,000 |
| Maury's Place, LLC | $6,700 |
| Bergen Real Estate, Inc. | $6,200 |
| Michael D. Schmer | $5,950 |
| Mary Ellen Haight | $5,923 |
| Kids R US Childcare, LLC | $5,597 |
| Becker Body Shop | $5,500 |
| Bonita Kramer | $5,400 |
| Randall Gould | $5,240 |
| Mohnike Farms, LLC | $5,000 |
| Midtown Hair Studio, LLC | $4,375 |
| Terry Leininger | $4,100 |
| Immaculate Conception Catholic Church of Sutton | $4,065 |
| Tanner Griess | $3,700 |
| Duane E. Mau | $3,605 |
| Therapeutic Massage Center, Inc. | $3,200 |
| Gails Carpentry and Cabintery, LLC | $3,000 |
| Barry T. Sheridan | $2,515 |
| 5 N Farms, Inc. | $2,500 |
| Trevor Griess | $2,200 |
| Shawn M. & Barry T. Sheridan PTR. | $1,500 |
| Thomas E. Schrader | $1,200 |
| Alyssa Carlson | $900 |
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