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 63556
| Name of Borrower | Current Approved Amount |
|---|---|
| Sullivan County Memorial Hospital | $779,460 |
| High Hope Employment Services, Inc. | $355,649 |
| North Missouri Tire, Inc. | $144,577 |
| Steve's Builders Surplus, Inc. | $84,641 |
| Richardson's Supermarket | $75,447 |
| QMI, LLC | $54,930 |
| Ed Reger | $49,532 |
| Twin States Sand & Gravel, LLC | $40,780 |
| Sullivan County Farm Supply, Inc. | $39,400 |
| Reinhart Auto Parts | $30,810 |
| Arnold Concrete, Inc. | $29,300 |
| Ruschmeier Funeral Homes, LLC | $26,985 |
| North Missouri Livestock Auction, LLC | $26,327 |
| The Mower Shop Agent Repair and Disel Performance, LLC | $26,153 |
| Brinkley Angus Ranch, LLC | $24,320 |
| Brittani Maulsby | $20,833 |
| Donna R. Hulett | $18,432 |
| Miller Electric, Plumbing, Heating and Cooling | $18,100 |
| Agent Products, LLC | $17,940 |
| Dennis Meseke | $15,396 |
| Lee Vandusseldorp Agency, Inc. | $15,000 |
| Sullivan County Multi-Purpose Senior Center, Inc. | $14,911 |
| Sullivan County Title, LLC | $13,948 |
| Michael L. Hall | $10,418 |
| Eddy Motors Sales & Service, LLC | $9,400 |
| Debra Moore Agency, LLC | $9,073 |
| Candi's Sophistacuts | $7,979 |
| Fleshman Enterprises, Inc. | $7,900 |
| Tar Trucking, LLC | $7,661 |
| North MO. Realty, LLC | $7,527 |
| Taylor Farms | $6,700 |
| Laura Stafford | $6,540 |
| Ford's Heating and Air Conditioning | $6,210 |
| William's Prime Time Swine, LLC | $5,417 |
| Hall's Dozing | $5,295 |
| Garry and Marilyn Carmack Farm | $5,255 |
| Lakewoods | $4,700 |
| Ross Caponetto | $3,837 |
| Timber Ridge Seamless Gutter And Cellulose Insulation | $3,000 |
| Brett N. Ford | $2,645 |
| Taylor Farms | $2,100 |
| St. Mary Catholic Church, Milan | $2,000 |
| Stanley Hotel | $1,724 |
| April Long | $1,437 |
| Bobbi's Daycare | $1,200 |
| AJL Graphics, LLC | $1,100 |
| Lora R. Healy | $907 |
| Gina Eddy | $900 |
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