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 68784
| Name of Borrower | Current Approved Amount |
|---|---|
| Wakefield Health Care Center | $300,000 |
| Rose's Transport, Inc. | $252,949 |
| Sandahl Farms | $118,000 |
| Wakefield Dental Practice | $100,000 |
| Mcaffee Insurnace Agency, Inc. | $70,500 |
| Waynenet, LLC | $66,699 |
| Klein Electric, Inc. | $53,138 |
| Ekberg Auto, LLC | $51,400 |
| Humpty Dumpty Daycare | $43,500 |
| Bottom Line, Inc. | $39,800 |
| Wakefield Truck & Auto Care, LLC | $33,550 |
| Ekberg Auto Parts, Inc. | $26,500 |
| Foote Construction, LLC | $25,683 |
| BNT Capital, LLC | $22,744 |
| Mark Lundahl | $20,833 |
| Gary Hank | $20,833 |
| James Felt | $20,391 |
| Wakefield Evangelical Covenant Church | $19,700 |
| JMB Contracting, LLC | $19,636 |
| Heithold Trucking, LLC | $18,117 |
| Galen Samuelson | $17,864 |
| Kaiagra, Inc. | $17,700 |
| Nick's Wood Shop, LLC | $16,580 |
| Salem Lutheran Church | $16,500 |
| Michael Rewinkel | $14,159 |
| Little Red Hen Theatre | $13,800 |
| Wakefield Progressive | $13,200 |
| Oak Street Station, LLC | $13,100 |
| Logan View Farms, Inc. | $10,833 |
| Rewinkels' Incorporated | $10,200 |
| BCK Trucking | $9,511 |
| Lyle Brown | $9,000 |
| Steve Oswald | $7,800 |
| Merlin Felt | $7,691 |
| Daniel J. Nolte | $7,666 |
| St. John Lutheran Church | $7,100 |
| Greve Farm, Inc. | $6,250 |
| Jason Ladely | $5,382 |
| Michael Muller | $5,327 |
| Pam's Barber Shop | $5,100 |
| Jacob Nelson | $5,054 |
| Adaj Corporation | $4,940 |
| James R. Stout | $4,625 |
| Cory Brown | $4,500 |
| Dwight E. Gotch | $4,488 |
| Wakefield Senior Center | $3,300 |
| Lazy Acres Decor | $3,300 |
| Blaine L. Nelson | $2,710 |
| Redressed Formals | $2,700 |
| Clint S. Luhr | $2,330 |
| Irish Jig Co | $2,000 |
| John Brudigam | $1,988 |
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