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How many businesses in ZIP Code 52078 received a PPP loan of $25,000 or under?
Published 11/30/22
The largest loan underneath the $25,000 threshold was $23,400, given to Nick Kamp Repair, LLC.
The average PPP loan to ZIP Code 52078 businesses was $13,380.
Loans are one of the biggest drivers of inflation, which is currently decimating the U.S. economy. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.
Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.
Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.
A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.
ZIP Code 52078 Businesses Which Received PPP Loans $25,000 or Lower
| Borrower Name | Date Approved | Loan Amount | Difference From Average Loan Amount in ZIP Code |
|---|---|---|---|
| Adam Ludwig | 01/23/2021 | $11,182 | -$2,198 |
| Adam Ludwig | 05/07/2021 | $11,182 | -$2,198 |
| Alan Besler | 01/31/2021 | $800 | -$12,580 |
| Alice Besler | 01/21/2021 | $8,045 | -$5,335 |
| Allan White | 02/12/2021 | $20,833 | $7,453 |
| Amy Cook | 03/17/2021 | $2,887 | -$10,493 |
| Benjamin Klaren | 01/31/2021 | $11,228 | -$2,152 |
| Brad Heims | 03/30/2021 | $3,870 | -$9,510 |
| Brian Bagge | 02/11/2021 | $20,500 | $7,120 |
| Brian Bagge | 04/23/2021 | $20,500 | $7,120 |
| Brian Luensmann | 03/09/2021 | $8,040 | -$5,340 |
| Brittany Kelchen | 05/05/2020 | $2,800 | -$10,580 |
| Brittany Kelchen | 03/31/2021 | $5,732 | -$7,648 |
| Cedar Hill, Inc. | 04/07/2020 | $2,100 | -$11,280 |
| Cedar Hill, Inc. | 02/13/2021 | $2,100 | -$11,280 |
| Chad Heims | 03/23/2021 | $20,800 | $7,420 |
| Charles Roling | 01/21/2021 | $20,833 | $7,453 |
| Charles Roling | 04/06/2021 | $20,833 | $7,453 |
| Charles Stelken | 01/30/2021 | $6,222 | -$7,158 |
| Charles Stelken | 04/14/2021 | $6,222 | -$7,158 |
| Craig Heims | 02/19/2021 | $7,700 | -$5,680 |
| Daniel Vaske | 01/20/2021 | $10,810 | -$2,570 |
| Darrell Tucker | 01/25/2021 | $20,832 | $7,452 |
| David Hostert | 01/25/2021 | $20,833 | $7,453 |
| David Hostert | 04/06/2021 | $20,833 | $7,453 |
| David Jesenovec | 01/29/2021 | $17,365 | $3,985 |
| David Jesenovec | 04/06/2021 | $17,365 | $3,985 |
| David Lansing | 05/06/2020 | $7,400 | -$5,980 |
| David Ludwig | 01/31/2021 | $8,622 | -$4,758 |
| David Ludwig | 03/31/2021 | $8,622 | -$4,758 |
| David Merkes | 01/23/2021 | $3,050 | -$10,330 |
| David Merkes | 04/29/2021 | $5,924 | -$7,456 |
| David Schlarmann | 02/23/2021 | $500 | -$12,880 |
| Dennis P and Lorri a Schlueter | 05/13/2020 | $17,500 | $4,120 |
| Donald Beringer | 02/12/2021 | $20,833 | $7,453 |
| Donald Johansen | 03/06/2021 | $3,756 | -$9,624 |
| Dunkel Construction, Inc. | 04/09/2020 | $4,700 | -$8,680 |
| Eastern Iowa Milling and Consulting | 03/30/2021 | $972 | -$12,408 |
| Eldon Trumm | 01/21/2021 | $20,833 | $7,453 |
| Farmers Best Popcorn, LLC | 04/15/2020 | $17,500 | $4,120 |
| Gary Hoffmann | 01/22/2021 | $20,833 | $7,453 |
| Gary Hoffmann | 04/06/2021 | $20,833 | $7,453 |
| Gary Lahr | 01/22/2021 | $20,833 | $7,453 |
| Gary Lahr | 04/06/2021 | $20,833 | $7,453 |
| Gary Ludwig | 02/04/2021 | $20,800 | $7,420 |
| Gary Ludwig | 02/05/2021 | $20,800 | $7,420 |
| Gary Ludwig | 04/22/2021 | $20,800 | $7,420 |
| Glen Steger | 01/21/2021 | $20,833 | $7,453 |
| Harold White | 01/21/2021 | $20,833 | $7,453 |
| Harold White | 04/06/2021 | $20,833 | $7,453 |
| Hess Dairy, Inc. | 04/29/2020 | $6,900 | -$6,480 |
| James Funke | 01/26/2021 | $16,639 | $3,259 |
| James Ostwinkle | 04/15/2020 | $14,900 | $1,520 |
| Jason Wolfe | 02/04/2021 | $20,800 | $7,420 |
| Jason Wolfe | 04/17/2021 | $20,800 | $7,420 |
| Jeffrey Thier | 04/30/2020 | $11,248 | -$2,132 |
| Jeffrey Thier | 04/06/2021 | $11,248 | -$2,132 |
| Johansen Trucking | 05/26/2020 | $3,756 | -$9,624 |
| Jon Ramaekers | 01/21/2021 | $6,257 | -$7,123 |
| Joseph Burlage | 01/23/2021 | $20,833 | $7,453 |
| Joseph Dunkel | 01/20/2021 | $7,073 | -$6,307 |
| Joseph Dunkel | 04/06/2021 | $7,073 | -$6,307 |
| Kay White | 02/23/2021 | $6,785 | -$6,595 |
| Kenneth Tobin | 01/21/2021 | $20,833 | $7,453 |
| Kenneth Tobin | 04/13/2021 | $20,832 | $7,452 |
| Kevin Goedken | 01/30/2021 | $11,415 | -$1,965 |
| Kevin Tucker | 02/09/2021 | $1,455 | -$11,925 |
| Klaren Electric, LLC | 02/13/2021 | $6,200 | -$7,180 |
| Larry Luensmann | 01/21/2021 | $13,687 | $307 |
| Larry Luensmann | 04/09/2021 | $13,688 | $308 |
| Leo J. Kluesner | 04/29/2020 | $12,800 | -$580 |
| Loras Bagge | 02/04/2021 | $20,800 | $7,420 |
| Loras Wolfe | 02/10/2021 | $20,800 | $7,420 |
| Luecks Cycles, LLC | 04/01/2021 | $1,514 | -$11,866 |
| Mabb Farms, Inc. | 01/21/2021 | $20,833 | $7,453 |
| Mark A. Vorwald | 05/06/2020 | $6,100 | -$7,280 |
| Mark F. Klaren | 05/17/2020 | $3,000 | -$10,380 |
| Mark Klaren | 01/30/2021 | $20,833 | $7,453 |
| Mark Vorwald | 01/26/2021 | $20,833 | $7,453 |
| MC Schlarmann, Inc. | 04/10/2020 | $9,700 | -$3,680 |
| Mcdermott Tree & Arial Lift Service | 06/15/2020 | $4,483 | -$8,897 |
| Michael Corkery | 04/06/2021 | $12,429 | -$951 |
| Michael Even | 04/30/2020 | $5,200 | -$8,180 |
| Michael Even | 04/11/2021 | $20,833 | $7,453 |
| Michael Gogel | 01/27/2021 | $15,920 | $2,540 |
| Michael Ludwig | 01/23/2021 | $20,832 | $7,452 |
| Michael Ludwig | 04/30/2021 | $20,832 | $7,452 |
| Michael Weber | 01/23/2021 | $3,402 | -$9,978 |
| Mike Gogel Electric, LLC | 04/04/2020 | $16,600 | $3,220 |
| Mike Gogel Electric, LLC | 03/12/2021 | $20,935 | $7,555 |
| Morning Star Station, LLC | 04/09/2020 | $16,700 | $3,320 |
| Neil Hoeger | 01/27/2021 | $20,832 | $7,452 |
| Neil Hoeger | 04/20/2021 | $20,833 | $7,453 |
| Nicholas Bagge | 02/05/2021 | $4,900 | -$8,480 |
| Nick Kamp Repair, LLC | 04/04/2020 | $23,400 | $10,020 |
| Patrick Dunkel | 02/19/2021 | $11,200 | -$2,180 |
| Patrick Gaul | 03/13/2021 | $2,490 | -$10,890 |
| Paul Deutmeyer | 04/28/2020 | $20,800 | $7,420 |
| Paula White | 04/28/2021 | $20,833 | $7,453 |
| Phil Knepper | 05/04/2020 | $9,300 | -$4,080 |
| Phil Knepper | 02/18/2021 | $19,560 | $6,180 |
| R & R Cook Farms, LLC | 05/05/2020 | $4,400 | -$8,980 |
| R & R Cook Farms, LLC | 01/22/2021 | $4,436 | -$8,944 |
| Raymond Schlarmann | 02/25/2021 | $607 | -$12,773 |
| Richard Jurgens | 04/20/2021 | $20,833 | $7,453 |
| Richard L. Jurgens Jr. | 01/16/2021 | $20,832 | $7,452 |
| Robbie Schilling | 04/28/2020 | $6,900 | -$6,480 |
| Robert Blush | 02/19/2021 | $7,625 | -$5,755 |
| Robert Lucas | 01/20/2021 | $20,833 | $7,453 |
| Robert Lucas | 04/06/2021 | $20,833 | $7,453 |
| Rodney Elgin | 01/26/2021 | $1,065 | -$12,315 |
| Roman Bertling | 02/22/2021 | $20,833 | $7,453 |
| RTA Trucking, LLC | 02/02/2021 | $18,051 | $4,671 |
| Ryan Gibbs | 01/17/2021 | $20,832 | $7,452 |
| Ryan Gibbs | 03/30/2021 | $20,833 | $7,453 |
| Ryan Kluesner | 01/20/2021 | $20,833 | $7,453 |
| Scott Gogel | 01/27/2021 | $20,832 | $7,452 |
| Scott Gogel | 03/23/2021 | $20,832 | $7,452 |
| Scott Lueken | 02/03/2021 | $1,301 | -$12,079 |
| Scott Wulfekuhle | 03/02/2021 | $12,199 | -$1,181 |
| Steven Bries | 01/20/2021 | $20,833 | $7,453 |
| Steven Bries | 04/06/2021 | $20,833 | $7,453 |
| Ted Burlage | 01/22/2021 | $6,250 | -$7,130 |
| Thier Farms, Inc. | 03/20/2021 | $20,833 | $7,453 |
| Thomas Bertling | 02/22/2021 | $20,833 | $7,453 |
| Thomas Burlage | 04/17/2021 | $20,833 | $7,453 |
| Thomas Demmer | 01/23/2021 | $8,276 | -$5,104 |
| Todd Knepper | 02/19/2021 | $5,000 | -$8,380 |
| Tom Marbach | 04/28/2020 | $6,000 | -$7,380 |
| Tony White | 03/24/2021 | $12,067 | -$1,313 |
| Tonya Burlage | 04/28/2020 | $5,400 | -$7,980 |
| Vaske Sales, LLC | 05/18/2021 | $2,356 | -$11,024 |
| Walter MacH | 02/04/2021 | $18,600 | $5,220 |
| William Burger | 03/20/2021 | $17,057 | $3,677 |
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