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 49935
| Name of Borrower | Current Approved Amount |
|---|---|
| Krist Oil Company | $843,500 |
| Hebert Construction Company | $549,310 |
| Angeli Foods Company | $525,750 |
| F a Industrial Services, Inc. | $523,400 |
| Iron River Care Services, Inc. | $425,000 |
| Kca3, Inc. | $261,800 |
| Kaa Service, Inc. | $261,100 |
| KSK C-Stores, Inc. | $255,200 |
| Kcka, Inc. | $208,900 |
| KCKJ, Inc. | $203,100 |
| KJA, Inc. | $198,900 |
| Kjka, Inc. | $195,500 |
| SKI Brule, Inc. | $192,400 |
| Lester Detterbeck Enterprises, Ltd. | $191,300 |
| Woodland Equipment, Inc. | $185,500 |
| Bigari Hardware, Inc. | $152,250 |
| Petrucelli & Petrucelli, P.C. | $150,550 |
| George Young Recreational Complex | $147,000 |
| Shamco, Inc. | $140,386 |
| Shamion Timber Management Group, Inc. | $121,536 |
| Low Impact Logging, Inc. | $117,400 |
| Westphal's, Inc. | $108,904 |
| Superior Oil WI, Inc. | $105,778 |
| New Grounds Trade Company, LLC | $101,200 |
| AA Family Foods | $97,472 |
| R & G Enterprises, Inc. | $87,480 |
| Covenant Point Bible Camp | $76,421 |
| Advanced Smile Design | $68,100 |
| Shamco Lumber, Inc. | $57,689 |
| Mr. T's Family Restaurant, Inc. | $57,600 |
| Iron County Internal Medicine Associates, PC | $55,900 |
| Riverside Developers I. R., LLC | $50,900 |
| Polich Tousignant Law Offices, P.C. | $49,100 |
| R&R or Iron River, Inc. | $47,000 |
| Fast-Air Internet, Inc. | $44,000 |
| Piwarski Brothers Logging, Inc. | $43,794 |
| Wyatts Automotive, LLC | $43,300 |
| Northwoods Family Chiropractic | $39,680 |
| Shamco Trucking, Inc. | $37,374 |
| Iron River Community Broadcasting Corporation | $32,800 |
| Cottages to Castles | $31,562 |
| Iron River Auto Supply, Inc. | $30,700 |
| Ruby Group, LLC | $29,837 |
| Asil Management Services, Inc. | $29,200 |
| James Spicer, Inc. | $28,500 |
| Superior Accounting Services, Inc. | $26,865 |
| General Concrete, Inc. | $26,600 |
| Alices, Inc. | $26,000 |
| Oberlin's, Inc. | $25,900 |
| Waterfront Products Company, Inc. | $21,250 |
| Capco America's, Inc. | $20,832 |
| Steve J. Polich | $20,800 |
| Wild Rivers Realty and Associates, Inc. | $20,300 |
| Northland Service, Inc. | $17,700 |
| Schmidt Forest Products, Inc. | $17,300 |
| Northland Super Service, Inc. | $16,190 |
| Doni, LLC | $16,000 |
| Main Street Cafe | $15,700 |
| Marla Shmaion Agency, Inc. | $15,572 |
| Marla Shamion | $15,425 |
| Iron River Country Club, Inc. | $15,261 |
| Haukkala & Company, PC | $15,250 |
| R R Shamion Trucking, Inc. | $15,000 |
| Nicole Hebert | $14,975 |
| First Luthean Church | $14,250 |
| Lissa's Little Hilltoppers, Inc. | $13,200 |
| KMH Enterprises, Inc. | $12,780 |
| RHC Auto Body | $12,500 |
| First National Underwriters, Inc. | $12,400 |
| Goldwood, Inc. | $12,000 |
| K & D Service, Inc. | $10,250 |
| Nichols Flooring and Stone, LLC | $10,200 |
| Grace Covenant Church | $10,000 |
| Lundin 5, LLC | $9,750 |
| Raymond Iron, Inc. | $9,250 |
| SV Logging, LLC | $9,000 |
| Lawn and Snow Outdoor Maintenance, LLC | $8,750 |
| Lac O'Seasons Pool and Shore, Inc. | $8,659 |
| Genesee Street Industries, Inc. | $8,650 |
| Burst Management, LLC | $8,333 |
| Josie's Barber Shoppe, Inc. | $8,000 |
| 906 Realty, LLC | $7,750 |
| Sunshine Marketing, Inc. | $7,100 |
| SKI Brule Services Corporation | $7,000 |
| Premier Earth Works | $5,000 |
| Heissner Construction, LLC | $4,565 |
| Sheryl Lynn | $3,297 |
| Traci Schwemin | $2,441 |
| LJR Consulting | $1,500 |
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