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Galesburg Reporter

Wednesday, May 15, 2024

PPP loans: 77 loans in 2021 in ZIP Code 62414

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There were 77 PPP loans provided to small businesses in 2021 in ZIP Code 62414, 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 2021 in ZIP Code 62414

Name of BorrowerCurrent Approved Amount
Shawn Miller$34,339
John Heiserman, Inc.$34,087
Neal Randall$24,920
Mid-State Construction & Roofing, Inc.$23,125
Stanley Buzzard$20,833
Lee Roadarmel$20,833
Evan Schaefer$20,833
Dan Mckay$20,833
Larry Roadarmel$20,833
Stanley Buzzard$20,833
Larry Roadarmel$20,833
Lee Roadarmel$20,833
Jason McKay$20,833
Jason McKay$20,833
Evan B. Schaefer$20,833
Donna Levitt$20,833
Mark Musser$20,833
Carl Durbin$20,832
Wyatt Wright$20,832
Wade Wilhour$20,830
Jimmie Gordon$20,830
Virgil Buzzard$20,830
Edward Kemme$20,830
Larry Arnold$20,830
Trevor Wright$20,830
Clifton Miller$20,830
Charles Miller$20,830
Shon Allsop$20,545
Doty Family Grain Farm, LLC$19,374
Chad Watson$19,329
Joe A. Wills$18,134
Ryan P.$16,565
Terry McElroy$15,732
Donald Tull$15,357
Dion Buzzard$14,980
John Giles$14,815
Justin & Ashlee Morrison Trucking, LLC$13,945
James Reed$13,897
David Buzzard$13,575
Daniel Doty$13,557
Michael Wills$13,325
Rolland Giles$12,650
Jack Bowlin$12,150
Jay Coin$11,845
Marsha Kinder$11,722
Patrick Burrell$11,335
Ryan Schaefer$11,295
Craig Anderson$10,397
Richard Ohnesorge$9,170
Jim Slifer$7,506
Petty Trucking, Inc.$7,500
Thomas Miller$6,790
Wendell Stoneburner$6,637
Wendell Stoneburner$6,635
Shannon Sloan$6,622
Zacha Electric, Inc.$5,955
Tommy Miller$5,844
Anthony Witteborg$5,827
Jim Slifer$5,636
Jerome Miller$5,610
Diana Clutter$5,601
Brian Herzog$5,485
Laynae Hahn$4,333
Brooke Nohren$4,235
Shane Brandt$4,190
Raymond Devore$4,170
Cathy Arnold$3,817
Virgil Strauch$3,120
Kandra Herzog$3,085
Kali Moffett$3,015
Roadarmel Bros$2,937
Glen Donaldson$2,430
Raymond Devore$1,022
Mark Himes$770
Dusty Kreke$607
Carl Myers$600
Pete Putnam$455

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