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 49938
| Name of Borrower | Current Approved Amount |
|---|---|
| Ottawa Forest Products, Inc. | $883,000 |
| Jacquart Fabric Products, Inc. | $500,500 |
| Pisani Company, Inc. | $280,200 |
| Ruotsala Construction, LLC | $276,400 |
| Forslund Building Supply, Inc. | $209,912 |
| Precision Tool and Mold, LLC | $201,800 |
| Jakes Excavating & Landscaping, LLC | $176,000 |
| Red's Auto of Ironwood, in | $148,027 |
| Palm Enterprises, Inc. | $140,905 |
| Makela, Pollack & Ahonen, PLLC | $131,352 |
| Stanley W Gresham PC, D.D.S. | $113,437 |
| Superior Bio Science, LLC | $113,000 |
| Aili Concrete & Construction, LLC | $100,082 |
| Rick's Muffler Center, Inc. | $90,840 |
| All Saints Catholic Academy | $79,537 |
| Cloverland Motorsports, Inc. | $79,299 |
| Woodtech Builders of Ironwood, Inc. | $75,279 |
| Associated Title & Closing Services Agency, Inc. | $74,218 |
| Superior Drywall & Paint, Inc. | $73,952 |
| Chief Oil DC | $72,337 |
| R. E. D. Richards Construction, Inc. | $66,500 |
| Lahti Towing and Sales, Inc. | $66,382 |
| Desanto Investments of Ironwood, Inc. | $65,000 |
| EMK Properties, LLP | $63,200 |
| Lindquist Electric, Inc. | $61,995 |
| Jerry Synkelma | $58,409 |
| General Trading Company of Ironwood, Inc. | $57,500 |
| Quality Collision of Ironwood, Inc. | $54,865 |
| Superior Family Vision, P.C. | $51,560 |
| Hobby Wheel | $48,307 |
| Trinity Lutheran Church | $47,300 |
| Baroka Broadcasting, Inc. | $45,180 |
| Donald Martinson, DVM | $44,300 |
| Mukavitz Heating, Inc. | $44,059 |
| Bratu's Hardwood Interiors, Inc. | $41,559 |
| KM Whitburn Agency, Inc. | $41,457 |
| Mattson Family Chiropractic, PC | $39,905 |
| Belmas Logging, Inc. | $39,436 |
| Aurora North, LLC | $36,985 |
| Carli Enterprise, LLC | $32,937 |
| R. T. Williams Agency, Inc. | $32,135 |
| CCL Enterprise, Inc. | $32,065 |
| Our Lady of Peace Catholic Church | $31,835 |
| Jacobs, Mcdonald & Silc, P.C. | $29,705 |
| Northwoods Corner Store, Inc. | $28,065 |
| Aukee Chiropractic | $26,000 |
| Mattson TV and Appliance | $25,800 |
| Karen S. Barbera | $24,800 |
| Hiland Construction | $24,722 |
| Dave Ramme Repair | $23,114 |
| Marge Sliva, Inc. | $22,900 |
| Broadway Automotive | $21,105 |
| Salem Evangelical Lutheran Church | $20,061 |
| AMPM Network Properties, LLC | $19,277 |
| Ironwood Asian, LLC | $18,691 |
| Gogebic Range Health Foundation | $18,100 |
| The Gogebic Country Club Ironwood | $17,252 |
| Shoots and Ladders L. T. P., Childcare Center, LLC | $17,220 |
| Phil Aho Construction, LLC | $16,842 |
| Copper Peak, Inc. | $16,195 |
| Guy Trier, CPA | $15,500 |
| Greg's Towing and Repair, Inc. | $14,959 |
| Ironwood Brewing Company | $13,750 |
| Morgan D. Grasso | $13,600 |
| U. S. -2 Service Center, Inc. | $13,000 |
| St. Paul Lutheran Church | $12,295 |
| Earth & SKY Day Spa, LLC | $11,432 |
| Pioneer Cleaning & Lodging, LLC | $10,893 |
| Kaufman Custom Sheet Metal, LLC | $10,659 |
| M and M Plumbing and Heating, Inc. | $10,415 |
| Family Times, LLC | $9,832 |
| Cloverland Motors, Inc. | $8,350 |
| U P Educators Insurance Agency, LLC | $7,549 |
| Bake Superior Bread, LLC | $7,120 |
| The DRY Cleaning Specialists, Inc. | $6,562 |
| Aurora Athletic Club | $6,525 |
| Lighthouse Ministries Faith Center | $6,400 |
| John Jennings | $6,188 |
| European Car Sales & Service, Inc. | $5,978 |
| European Treats, Inc. | $5,600 |
| Bale Clock and Watch Service | $5,415 |
| Cloverland Motel, LLC | $5,100 |
| Crosshairs Salon, LLC | $4,751 |
| Ironwood Theatre, Inc. | $4,700 |
| Norb's Auto Electric, LLC | $4,661 |
| Puppy Parlor | $4,588 |
| Fabric Patch Ironwood, Inc. | $4,500 |
| Big Snow Counseling | $4,300 |
| Tyson E. Mattila | $4,051 |
| Juliann Anderson | $4,000 |
| Zion Evangelical Lutheran Church | $3,526 |
| Don and Gg's Food and Spirits, Inc. | $3,491 |
| MLE Design, LLC | $3,484 |
| Anthony D. Marsh | $2,500 |
| The Hairport Salon | $1,200 |
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