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 69022
| Name of Borrower | Current Approved Amount |
|---|---|
| Cambridge Memorial Hospital, Inc. | $1,784,400 |
| Rural Health Development | $580,000 |
| Pinpoint Holdings, Inc. | $358,442 |
| Hometown Agency, LLC | $279,100 |
| Besler Industries, Inc. | $250,000 |
| Extreme Agent, Inc. | $176,350 |
| Poniday, LLC | $161,800 |
| Frenchman Cambride Irrigation District | $97,500 |
| Blue Dragonfly, LLC | $82,700 |
| River Valley Services, LLC | $69,000 |
| Paunchy Springs, Inc. | $67,400 |
| Moore Farms | $57,309 |
| Preferred Morticians, Inc. | $51,500 |
| BCPT, LLC | $42,071 |
| Hilker Transportation, Inc. | $38,950 |
| Lavern Banzhaf | $36,800 |
| Burnell Shifflet | $34,384 |
| Daniel L Hilker Trucking | $33,800 |
| Faw Motor, Company, Inc. | $32,000 |
| Cambridge Golf Club, Inc. | $31,000 |
| Agriculture in Motion, LLC | $30,446 |
| Eisenhart & Farquhar, L. L. O., P.C. | $29,500 |
| David Johnson | $29,000 |
| Kahshoe Enterprises, LLC | $26,600 |
| Klinkebiel Farms, Inc. | $26,000 |
| Keith Andrews Aviation, LLC | $20,800 |
| Bernie Jones Auto, LLC | $20,700 |
| Jan Tenbensel, Inc. | $19,800 |
| Robert F. Farr | $19,200 |
| Cambridge Variety Store, LLC | $16,300 |
| Medicine Creek Kennels | $15,900 |
| Kurk Koch | $15,548 |
| Hayes Construction | $15,485 |
| Town Talk Restaurant | $14,967 |
| Jared Sayer | $14,210 |
| St. Paul's Evangelical Lutheran Church | $13,868 |
| JBK Operating | $13,840 |
| Amy's Salon | $13,300 |
| Trinity United Methodist Church | $12,700 |
| Webbs Oilfield Service, LLC | $12,600 |
| Camas Publishing, LLC | $12,300 |
| Deterding Land & Cattle, Inc. | $12,025 |
| Melissa J. Jackson | $9,600 |
| Oilsofmylife, LLC | $8,595 |
| Tyson Sines | $8,538 |
| Randy Heitman | $8,300 |
| Sides Aviation, LLC | $7,700 |
| Needmore Land and Cattle | $7,500 |
| Steven Johnson E. Clu | $7,300 |
| James S. Hobbs | $7,000 |
| Burke Construction | $6,984 |
| Michael Schulte | $6,800 |
| Cappel Chiropractic and Personal Training | $6,505 |
| Sexton Construction, Inc. | $6,417 |
| Kenneth | $5,480 |
| Lance D. Hilker | $5,420 |
| Cramer Grain, LLC | $4,900 |
| Horizon Hill Farms, Ltd. | $4,538 |
| Albert Sayer | $4,200 |
| Megan Vargas | $4,100 |
| Blooms and Collectibles, Inc. | $4,000 |
| DLM Entrprises | $3,750 |
| Tony D. Groshong | $3,500 |
| Republican River Suppliers | $3,090 |
| JR Oilfield Services, LLC | $2,600 |
| Republican Valley K Lawn, LLC | $2,500 |
| Glenn Hilker | $1,900 |
| Kimberly R. Huxoll | $1,138 |
| First Congregational Church of Christ | $900 |
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