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 61376
| Name of Borrower | Current Approved Amount |
|---|---|
| Tricon Industries Manufacturing & Equipment Sales, Inc. | $734,693 |
| Walnut Custom Components, LLC | $454,619 |
| Avanti Foods | $266,710 |
| V & C Construction, Inc. | $153,000 |
| Woodley Aerial Spray, Inc. | $140,100 |
| Arteberry Transportation, Inc. | $126,800 |
| Fisch Motors, Inc. | $99,125 |
| Midwest M&D | $78,600 |
| Harry McCune | $74,950 |
| GSE Partnership | $61,085 |
| Dietz Drainage, Inc. | $57,924 |
| Frymire Farms, Inc. | $48,000 |
| The Embroidery Shop | $42,030 |
| Alan Madison | $41,618 |
| Attig's Repair, Inc. | $40,150 |
| Gregory Polte | $39,140 |
| Kennedy Farms | $38,800 |
| Professional Electric Company & Equipment, LLC | $37,500 |
| Culligan Tri-County Sales & Service | $34,693 |
| James Ganschow | $32,900 |
| Thacker Farms | $30,695 |
| Tyler J. Hansen Insurance and Financial Services, Inc. | $30,000 |
| Darrell Dahl | $25,500 |
| Corn Belt Agent Services, LLC | $24,940 |
| Monier Farms, LLC | $24,047 |
| Precision Boom, Inc. | $22,000 |
| Chris Von Holten | $20,833 |
| Edward Donnelly | $20,833 |
| David Lind | $20,833 |
| Ronald Pierson | $20,833 |
| Greg Gonigam | $20,832 |
| Donald Monier | $20,832 |
| Tyler L. Thompson | $20,800 |
| Gary L. Monier | $20,295 |
| Walnut Acres Family Farm, Inc. | $20,100 |
| K. D. Agent, LLC | $19,000 |
| Reece Pierson | $17,904 |
| Walnut United Methodist Church | $17,100 |
| Tri-County Cleaning & Repair, Inc. | $16,500 |
| DR. Dean a. Hulsing, P.C. | $15,000 |
| Chapel Hill Golf Course and Event Center, Inc. | $14,524 |
| Patrick Broeren | $14,055 |
| Michael J. Dimmig | $14,000 |
| Jody's Auto Clinic | $13,855 |
| Mick Franks Trucking | $13,700 |
| Laura Richey | $12,969 |
| Empire Property Management Company, LLC | $12,500 |
| Stone Family Trucking | $12,500 |
| Guido's Coiffure | $12,470 |
| Main Street Motivation, LLC | $12,422 |
| Edwin Wolf | $12,300 |
| Ani Marie and Louis Petros | $11,480 |
| Johnson Precision, LLC | $11,300 |
| Jamison Media Services | $8,896 |
| A H Atherton Farm | $8,620 |
| Peach Farm | $8,390 |
| Larry Anderson | $8,194 |
| Douglas Dahl | $7,900 |
| The Walnut Leader, LLC | $7,500 |
| Shear Delight | $7,500 |
| Mcmurray Farm | $7,309 |
| Michael Ganschow | $7,200 |
| Red Oak United Methodist Church | $7,160 |
| Ron Johnson | $7,100 |
| Koser Electric | $7,000 |
| Pass the Love | $6,800 |
| Guenther Heritage Diesel | $6,220 |
| Craig Farms | $5,522 |
| Brett Johnson | $4,500 |
| Roots Hair Salon | $4,124 |
| Crawford Trucking, LLC | $3,700 |
| Atherton Grain Company, Inc. | $3,168 |
| Bruce R. Atheton | $2,340 |
| Merle Von Holten | $2,300 |
| Daniel J. Conner | $1,600 |
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