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Monday, December 23, 2024

28 PPP loans provided to small businesses in 2020 in ZIP Code 62638

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There were 28 PPP loans provided to small businesses in 2020 in ZIP Code 62638, according to the US Small Business Administration.

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 62638

Name of BorrowerCurrent Approved Amount
Hamiltons Catering Service, Inc.$167,800
Franklin Elevator, Inc.$157,675
Coz's Pizza, Inc.$60,800
Fromme Tools, LLC$32,200
Adolph Prochazka$29,112
Kevin & Debbie EGTS, Inc.$24,440
John Whalen$24,400
Billy R. Long Jr.$20,833
Joseph Everett Johnson$20,833
Brian Colwell$20,832
Steven Steinacher$20,800
Thomas Bergschneider$20,800
Midwest Linen Recovery$20,112
Randall P. Mahan$18,368
Jason M Ford Insurance Agency, Inc.$17,400
Bergschneider Farms, Inc.$16,250
Daniel R. Whalen Trucking$12,833
Jarrad Colwell$11,000
Diane Colwell$10,100
Mahans Wildside, LLC$8,700
Jeremy J. Long$7,300
David McQueen$6,400
Jenny Lindgren's Day Care$5,300
Bergschneider Agent Consulting, Inc.$5,000
Bradley E. Kesterson$4,300
Images & Illusions Salon$2,100
Charles R. Watson$1,360
Barry L. Austin$1,100

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