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 54634
| Name of Borrower | Current Approved Amount |
|---|---|
| Midwest Electro Technician Corporation | $713,800 |
| Hillsboro Equipment, Inc. | $519,200 |
| GHT Enterprises, LLC | $220,500 |
| Dana Foods, Inc. | $180,615 |
| Hillsprairie Dairy, LLC | $158,000 |
| Hardwood Floors of Hillsboro, LLC | $149,900 |
| James P. Mlsna | $143,700 |
| Champion House, Inc. | $140,716 |
| Hofmeister Insurance Agency, Inc. | $135,300 |
| Hillsboro Telephone Company, Inc. | $132,700 |
| Hillsboro Brewing Company | $124,660 |
| Peterson Pharmacy, Inc. | $103,205 |
| Hillsboro Hotel Group, LLC | $95,500 |
| Traeder Enterprises, Inc. | $82,539 |
| Harmony House, LLC | $68,449 |
| Jirsch, Inc. | $54,200 |
| Evergreen Ridge Dairy, LLC | $52,392 |
| German Valley Dairy | $48,068 |
| L. G. Nuzum Lumber Company, Inc. | $41,600 |
| Problend Nutrition, LLC | $38,047 |
| National Dairy Trade, LLC | $37,157 |
| Brandon's Flooring, LLC | $36,173 |
| Junlyn Farms, Inc. | $35,200 |
| Wolf Windows, LLC | $33,627 |
| Kickapoo Corners Family Restaurant & Gifts, LLC | $32,259 |
| Roger J. Sterba | $30,208 |
| Jenkins, Stittleburg and Menn | $28,138 |
| Picha's, Inc. | $26,469 |
| Toasty Buns, Inc. | $25,300 |
| Hansen Fabrication | $24,680 |
| Hillsboro Veterinary Service | $24,245 |
| White City Lumber Company, Inc. | $23,700 |
| Community Antenna Systems, Inc. | $23,513 |
| TRI County Seeds and Chemicals, LLC | $21,496 |
| Nirs Forage and Feed Testing Consortium | $21,485 |
| Yuba & Kendall Mills, LLC | $19,822 |
| Michael Clark | $18,800 |
| Verbsky Construction, LLC | $16,325 |
| Chiropractic and Rehab, LLC | $16,250 |
| White City Transportation, LLC | $15,200 |
| Rockton Bar | $13,775 |
| Black Flame Express, LLC | $12,026 |
| Transforming Hearts | $11,500 |
| Bergum Enterprises, LLC | $11,257 |
| Hillsboro Plumbing & Heating, LLC | $11,250 |
| William C. Krueger | $10,222 |
| Green Technician Enterprises, LLC | $9,721 |
| Little Big SKY Logging Limited Partnership | $9,700 |
| Good Grub, LLC | $9,629 |
| Deborah Winchel | $8,819 |
| Badger Chiropractic, LLC | $7,800 |
| Parr's Auto & Cycle, LLC | $7,400 |
| First Congregational Church | $6,983 |
| The Cheese Store and More, LLC | $6,800 |
| Jerry S. Brickl | $6,771 |
| Kurtis Oberholtzer | $5,600 |
| Whitaker's Market | $5,265 |
| By Grace Daycare | $5,208 |
| Matthew Davison | $4,338 |
| Straight Up Logging, LLC | $4,300 |
| Ve Custom Hauling, LLC | $3,674 |
| Wolf Wheels, LLC | $3,040 |
| Short Kuts Family Hair Care | $2,900 |
| Good Samaritan Hillsboro, Inc. | $2,661 |
| Hillbilly Truck'n, LLC | $2,200 |
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