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 64673
| Name of Borrower | Current Approved Amount |
|---|---|
| Pearl's Eden for Elders | $345,000 |
| Zehendner Disaster Relief, LLC | $200,000 |
| Morris Company MKC, Inc. | $57,500 |
| Marko's Distributing, Inc. | $37,432 |
| Henke Brothers Hog Farms, LLC | $37,300 |
| Meinke Farms Partnership | $36,881 |
| Flying S Farms, LLC | $35,144 |
| Evercare Pharmacy, LLC | $32,500 |
| G T, Inc. | $30,245 |
| Raines Heating & Cooling, LLC | $24,763 |
| Henke Bauernhofe, Inc. | $24,500 |
| Henke Family Farms, LLC | $23,300 |
| Princeton Physical Therapy & Sports Medicine, LLC | $22,856 |
| Saco Snappy Stores, Inc. | $22,020 |
| Marcia J. Cox | $20,833 |
| Mike Moore | $20,833 |
| Bina Peace Agency, Inc. | $18,960 |
| Mercer County Council on Aging, Inc. | $18,324 |
| CJ Pork, LLC | $15,976 |
| Hillside Farms, Inc. | $15,900 |
| Brass Monkey Refrigeration, LLC | $15,251 |
| Bears Medical Billing, LLC | $14,812 |
| Princeton Custom Meat Processing, LLC | $14,351 |
| C & D Evans Construction, LLC | $14,000 |
| Midwest Propane Gas of Princeton, Inc. | $13,905 |
| John Wells | $11,646 |
| Ellsworth Farms, Inc. | $11,291 |
| Brian Taylor | $9,559 |
| Henke Applications, LLC | $7,900 |
| Amy Cool's Jewels | $7,800 |
| Route E Electrical, LLC | $7,061 |
| Power-on Vegetation Management, LLC | $6,100 |
| Max Siemer | $5,242 |
| Convergent Agent Media, LLC | $3,750 |
| Cory Blunk | $3,172 |
| The Cool Company | $2,873 |
| Lynnette Allen, LLC | $2,625 |
| David George Appraisal Service | $1,763 |
| Jennifer Brown | $1,000 |
| Anew Salon | $820 |
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