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 49663
| Name of Borrower | Current Approved Amount |
|---|---|
| Lutke Forest Products, Inc. | $648,300 |
| Dutchman Tree Farm, LLC | $615,200 |
| MM Acquisitions Group, LLC | $318,700 |
| Magnolia Care AFC Home, LLC | $145,800 |
| Dan Bundy Logging, Inc. | $122,500 |
| Brite White Dental, PLLC | $102,420 |
| Wilder Heating & Cooling, LLC | $102,200 |
| Wildcat Buildings, Inc. | $97,200 |
| Shepler Well Drilling, Inc. | $95,768 |
| Sheplers Senior Connection | $87,500 |
| Shawnee Horn | $84,933 |
| Lutke Welding, LLC | $68,700 |
| Woodstar Forestry, LLC | $57,900 |
| International Insulation Fabricator, Inc. | $47,500 |
| Three OH Eight of Manton, LLC | $47,099 |
| Stoddard Construction, LLC | $44,838 |
| Kole Birgy Trucking, LLC | $41,100 |
| Manton Family Pharmacy, Inc. | $40,810 |
| Mahnke Machine, Inc. | $31,300 |
| Nick's Creative Carpentry, Inc. | $30,979 |
| Hometown Door, Inc. | $30,030 |
| Northwest Carriers, LLC | $22,800 |
| Shreeji-Manton Corporation | $22,315 |
| Raymer's Dozer Service | $22,045 |
| Gary Shintani | $20,833 |
| Manton Christian Camp | $20,779 |
| Bigelow Bulk Transfer, LLC | $20,500 |
| Helsel's Tree Service, Inc. | $18,700 |
| Terry Porter Builder | $18,689 |
| Rent a Gardener, LLC | $17,370 |
| DJL Logging, Inc. | $16,074 |
| Luke Hartung | $15,940 |
| Upnorth Design & Repair, Inc. | $15,478 |
| Cedar Valley Cabinet, Inc. | $15,300 |
| Micah Gooden | $14,990 |
| M42 Manton Tire and Party Store, LLC | $14,200 |
| Suttons Trucking, Inc. | $12,964 |
| J. E. Tiffany and Sons, LLC | $12,600 |
| Harts RV and Refrigeration Service | $12,549 |
| TP Plumbing, LLC | $10,397 |
| Dzgregg Transport, Inc. | $8,540 |
| Juan Servin, LLC | $6,642 |
| Cozarts Auto Body, LLC | $4,300 |
| Michael Tuch | $3,500 |
| Alvin C. Carden Jr. | $1,700 |
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