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 64658
| Name of Borrower | Current Approved Amount |
|---|---|
| Moore Fans, LLC | $942,584 |
| Hurtt Fabricating Corporation | $613,245 |
| Quinn Distributors, Inc. | $179,667 |
| Prenger Foods, Inc. | $162,700 |
| Brad's Welding Shop, LLC | $77,310 |
| St. Bonaventure Catholic Church | $74,100 |
| Marceline Foods, Inc. | $72,800 |
| Cupp Chevrolet, Inc. | $64,365 |
| CJ Unlimited, LLC | $41,717 |
| Spencer's Auto, Inc. | $36,567 |
| Johnson Auto Parts | $34,752 |
| MA Vic's Corner Cafe, LLC | $33,865 |
| MTO, LLC | $25,824 |
| Smith Electric Motorworks, LLC | $24,458 |
| Sheerman Properties, LLC | $21,857 |
| Bruce A. Buck | $20,833 |
| BP Precision Drywall & Painting, LLC | $20,112 |
| Marceline Veterinary Clinic, PC | $20,000 |
| Oldham Monument, LLC | $19,219 |
| Hustead Bulldozing, Inc. | $18,659 |
| L & R Phillips Construction, LLC | $18,548 |
| Charles Vasey | $18,120 |
| Black Insurance, LLC | $13,191 |
| Monnig Catering | $12,884 |
| Harold G. Russell | $12,734 |
| Stallo Enterprises, LLC | $12,703 |
| Main Street USA Communications, LLC | $12,292 |
| Fraternal Order of Eagles Aerie # 726 | $11,748 |
| The H2O Solution, LLC | $11,008 |
| Black Insurance Group, LLC | $10,874 |
| Heartwood Acres, LLC | $8,768 |
| Schreiner Heating Cooling & Electrical, LLC | $8,750 |
| Lauhoff Plumbing Services | $8,394 |
| Marceline Golf Club | $7,700 |
| Relief Chiropractic, LLC | $7,302 |
| Jed Frost Insurance | $7,300 |
| Stationary Rentals, LLC | $6,191 |
| Advanced Tax Systems, Inc. | $5,689 |
| B & B Mowing | $5,589 |
| Downtown Marceline | $5,312 |
| Tarpening Trucking, Inc. | $5,125 |
| OK Tavern, LLC | $4,909 |
| James D. Courtney | $3,746 |
| Thurman Auto Sales | $1,083 |
| Outback Saloon Too, LLC | $1,083 |
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