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 62664
| Name of Borrower | Current Approved Amount |
|---|---|
| Mason County Transfer, Inc. | $215,600 |
| Hull Trucking of Mason City, Inc. | $186,850 |
| Laflen Cunningham Insurance Agency, Ltd. | $62,324 |
| Kirk Martin | $46,292 |
| Randy Lee Taylor | $36,400 |
| First Christian Church of Mason City | $36,111 |
| K C Electric of Illinois, Inc. | $35,030 |
| Phillip M. Kirby | $32,176 |
| Jeffery D. Birch | $31,896 |
| Steven Bergman | $31,403 |
| Darrel Behrends | $31,321 |
| Tracy Olson Insurance Agency, Inc. | $30,597 |
| Benjamin R. Onken | $30,193 |
| Guy's Auto Repair | $29,548 |
| Clint R. Liesman | $29,222 |
| GM Traders, Inc. | $28,744 |
| Swaar Brothers Lawn and Landscape, LLC | $27,827 |
| Locked Up Trucking, LLC | $27,082 |
| Spring Hill Petroleum, Inc. | $23,400 |
| Norman D. Bruce | $22,525 |
| Robert D. Harris | $21,135 |
| Michael Swaar | $20,833 |
| Gary Hughes | $20,833 |
| Herbert N. List | $20,833 |
| Jacob T. Lynn | $20,833 |
| Neil Parr | $20,833 |
| Roger C. Garlisch | $20,833 |
| Danny E. Urish | $20,833 |
| Scott Jackson | $20,833 |
| Michael W. Behrends | $20,389 |
| Lance Giesler | $20,320 |
| Thomas B. Bergman | $20,005 |
| Ryan J. Lowers | $18,847 |
| Andrew Cox | $18,405 |
| Gregory M. Kane, D.D.S. | $18,000 |
| Best Automotive Incorporated | $15,600 |
| Mark E. Ratliff | $15,042 |
| Methodist Church of Mason City | $14,378 |
| Albert L. Hill | $13,125 |
| Gary McDonald | $11,792 |
| Midwest Wheel Polishers, Inc. | $11,400 |
| Snyders Hideout, Inc. | $10,072 |
| K & L Accounting, Inc. | $9,678 |
| All-American Associates, Inc. | $9,500 |
| Merle D. Ratliff | $7,851 |
| Daniel Swaar | $7,689 |
| Reid Bitner | $7,608 |
| Dane Swaar | $7,469 |
| Down the Street | $6,611 |
| Mclaughlin Custom Shredding | $6,092 |
| Niku 79, Inc. | $5,477 |
| United Presbyterian Church | $5,396 |
| SJB Promotions, Inc. | $4,750 |
| Knollenberg Real Estate and Auction Services, Ltd. | $4,200 |
| Reggie D. Baugher | $4,163 |
| Brett Montgomery | $3,172 |
| Kirsten A. Parr | $2,630 |
| Douglas Knoles | $2,011 |
| Mary Druien | $1,942 |
| Angela D. Curry | $1,772 |
| Darren Lee Bale | $1,477 |
| Norman D. Bruce | $1,000 |
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