Marshalltown businesses get more than $2.5 million in loans
Early in December, the United States Small Business Administration released all Payment Protection Program (PPP) loan data for loans less than $150,000.
A total of $949,517.25 went to 277 Marshalltown employers in loans less than $150,000, while a total of $1,574,792.81 in funds went to 37 Marshalltown employers in loans more than $150,000.
Funds from PPP loans have helped businesses keep their employees on payroll during the COVID-19 pandemic. The Small Business Administration will forgive loans if business’s meet employee retention criteria and funds are correctly used for eligible expenses.
The funds must be spent within a 24-week period, and 60 percent of those funds must be spent on payroll while generally maintaining their usual employee count and payroll costs.
Marshalltown businesses and organizations receiving PPP loan funds under $150,000, and their number of jobs retained through those funds include:
Loans of $100,000 to $150,000: MTC Hospitality Group., 36 jobs; Burt Farm and Livestock Co, 14 jobs; Midland Aircraft Sales and Service, 16 jobs; New Hope Christian Church, 20 jobs, Mid-Iowa Community Action, 50 jobs; Child Abuse Prevention Services, 13 jobs; Neuroth Trucking, 9 jobs; Peglow, O’Hare and See, 8 jobs; Bowman and Miller, 7 jobs; Vision Art Inc., 20 jobs, Bjelland Plumbing Inc., 10 jobs; Hive Hospitality, 45 jobs; Marshalltown Family Dentistry, 9 jobs.
Loans of $75,000 to $100,000: Bobcat Academy, 58 jobs; Kaplan and Freese, 11 jobs; Specialty Trucks and Equipment, 7 jobs; Hermanson Orthodontics, 12 jobs; The Augustine Company, 10 jobs; Boliver Law Firm, 6 jobs; Brycon; DC Warehouse, 12 jobs; Ethington Heating and Cooling, 7 jobs; Acme Brass and Aluminum Factory, 9 jobs; Servicemaster of Marshalltown, 36 jobs; Mahana Ventures, 12 jobs; Marshalltown Pizza Inc., 22 jobs; Smiles In Motion, 9 jobs; Jams Corporation, 23 jobs; Central Iowa Machine Shop, 12 jobs; Superior Cleaning Inc., 17 jobs; Dr. David J. Clark, 6 jobs.
Loans of $50,000 to $75,000: Central Iowa Restaurants Inc., 16 jobs; Simms Company, 10 jobs; Marshalltown Ranch Inc., 17 jobs, Midland Home Credit Company, 4 jobs; Terminal Connections, 7 jobs; Hintz Family Dentistry, 8 jobs; Nelson Grain Inc., 0 jobs; Johnson Lawncare of Marshalltown Inc., 17 jobs; Central Iowa Truck Wash, 11 jobs; American Aluminum Seating, 9 jobs; Gazaway and Associates Inc., 5 jobs; Borota Heating and Cooling, 8 jobs; Grimes, Buck Schoell, Beach and Hitchins, 9 jobs; Asparations Salon and Day Spa, 15 jobs; First United Methodist Church of Marshalltown, 10 jobs; Donald E. Taylor Inc., 12 jobs; Muddy Waters Coffee Company Inc., 12 jobs; Matt Smith Farms Inc., 6 jobs; Central Trucking Inc., 8 jobs; Pish Inc., 18 jobs; Smokin’ Gs, 10 jobs; Anderson Funeral Home, 5 jobs; Alley Automotive Inc., 6 jobs; Poured Foundations Inc., 6 jobs; Roger Vajgrt, 8 jobs; JD Linton Inc., 4 jobs; Superior Rentals, 7 jobs; A.A.A. Septic Service Inc., 5 jobs; Crop Rite Inc., 3 jobs;
Loans of $25,000 to $50,000: D&T Enterprises Inc., 4 jobs; Dirt To Turf; Mid Iowa Petroleum, 4 jobs; St. Francis of Assisi Parish, 21 jobs; Gao’s Chef King Inc., 12 jobs; Marshallgaam Lodging, 22 jobs; Appliance Doctor; State Farm Insurance Mike Peschong Agency, 4 jobs; Quakerdale Family Services, 5 jobs; Barr Asset Management, 3 jobs; Rutherford Bidwell Law Office, 2 jobs; La Carreta Mexican Restaurant; BDH Information Technology, 3 jobs; Sho-Biz, 7 jobs; Rasmussen Tax and Accounting, 9 jobs; Rollin Corp, 7 jobs; Hartwig Plumbing and Heating Inc., 4 jobs; Animal Medical Clinic P.C., 10 jobs; Angle Hans Enterprises, 6 jobs; Hope United Methodist Church, 8 jobs; Top Notch Free Service, 4 jobs; JTL Ventures, 3 jobs; Weidner Construction Inc., 4 jobs; T. Moeller Inc., 5 jobs; MTN Broadcasting Inc., 6 jobs; Polley Inc., 4 jobs; Bradley D. Pierce D.D.S., 3 jobs; Hairdressers, 7 jobs; N 3rd Ave DQ, 13 jobs; American Inn, 3 jobs; Durgia IA, 6 jobs; Lara’s Bakery 3, 9 jobs; C Eye Care, 4 jobs; Animal Rescue League of Marshalltown, 11 jobs; The Optical Center, 2 jobs; Lander Landon and Associates; Tri-State Lock Service, 4 jobs; Advance Garage Doors, 2 jobs; Tim Nichols Construction, 3 jobs; OJ’s Diner, 6 jobs; BK Squared, 1 job; Haley’s Grocery, 8 jobs; Opa Grill, 11 jobs; Applegate G & L Inc; Premier Real Estate Group Inc., 5 jobs; D & J Wiley Farms Inc., Siva 1 Hotels, 7 jobs; The Trinity Evangelical Church, 11 jobs; Marshalltown Orthopedics, 2 jobs; Floors and More of Iowa, 4 jobs; Steiner and Associates, 5 jobs.
Loans of $10,000 to $25,000: QMG Inc., 4 jobs; Wertzberger Architects, 2 jobs; Elim Lutheran Church, 5 jobs; Hoover Drainage Company, 3 jobs; Center Street Baptist Church, 4 jobs; M-Line Inc., 3 jobs; Fritz Chiropractic, 4 jobs; Moore and Moore Partners, 4 jobs; E and E Installations, 4 jobs, Svendsen AG Company, 3 jobs; HMC Industries, Inc., 7 jobs; Heart of Iowa Big Brothers Big Sisters, 7 jobs; Jamie’s Real Estate, 3 jobs; Day Construction, 8 jobs; Iowa State Trowel Trades, 1 job; GA Swine Consulting; Brown’ Shoe Fit Company, 3 jobs; Service Drywall, 2 jobs; Lhogeland Auto Plaza, 6 jobs; Griffe Law Firm, 1 job; Grife Law Firm, 1 job; Veren Farms Inc.; Arro Construction, 1 job; Vaudt Allstate Agency, 3 jobs; Rasmusson Service Center, 4 jobs; Sunrise Hospitality, 5 jobs; Van Metre and Associates, 2 jobs; Fisher Trucking, 5 jobs; Innovative Communications, 2 jobs; Wade Johnson Insurance Agency, 3 jobs; Mumm Backhoe and Excavating; M+S Seed Services, 2 jobs; Faith Assembly of God, 8 jobs; KB Underground, 3 jobs; Stalzer Furniture Inc., 5 jobs; Osis Inc., 5 jobs; Feldman Financial, 3 jobs; Pelayo Inc., 5 jobs; Hamilton Enterprises, 15 jobs; Iowa Hometown Security Inc., 2 jobs; Marshalltown True Value, 5 jobs; RC Equipment Sales, 1 job; House of Compassion, 2 jobs; Black Tire Bicycle Company, 5 jobs; Nichols Insurance Agency, 1 job; Marshall County Tree Service, 2 jobs; Marshall County Arts and Culture Alliance, 1 job; Gilmore Farms Inc., 1 job; Mike’s Turf Right Inc., 3 jobs; PRD Inc., 1 job; Showroom Auto Inc., Jay Giannetto Pro Shop, 6 jobs; Captain Clean of Marshalltown, 2 jobs; DFM Farms Company, 2 jobs; Rokar Farms, Inc., 2 jobs; Tannin Inc., 4 jobs; JCJ Transportation, 1 job; St. Paul’s Episcopal Church, 5 jobs; Ruskell Inc., 5 jobs; In-Stitches, 1 jobs; Lamoille Congregational Community Church, 4 jobs; 7 Rayos Liquor Store, 2 jobs; Fisher Governor Foundation, 1 job;
Loans under $10,000: 300 Construction, 1 job; FA786 Inc., Good’s Seamless Gutters, 1 job; Building Professionals, 2 jobs; Senior Citizen Center Inc., 1 job; Dandy-Lion Daycare, 2 jobs; Hauser & Sons Corporation, 2 jobs; Sign Creations, 2 jobs; Liberty Baptist Church of Marshalltown, 1 job; Central Iowa Fair, 2 jobs; RA786 Inc., 2 jobs; Iowa Futures Corp, 1 job; Level 5, 2 jobs; TC’s Riverside Pub, 2 jobs; Walk On, 6 jobs; Top Nails, 1 job; Tuttle Plumbing and Heating Inc., 2 jobs; Godfrey Motors, Inc., Extended Stay Inn; Hellberg’s Watch and Diamond Shop Inc., 5 jobs; Chicano Auto; Ridout Trucking; Ambellish Salon Inc., 1 job; Todd M Long Enterprises; Michelle’s In-Home Daycare, 1 job; Studio M; Lap Tran, 1 job; Herolight Training, 4 jobs; Upah Farms Inc., 2 jobs; Bane Construction, 1 job; Rise and Shine of Marshall County, 3 jobs; Adland Engraving Company, 2 jobs; Kadner Construction, 1 job; Welp and Geffe Law Offices, 1 job; Whitmore’s Riverbottom Farms, 2 jobs; Sublime Collectables, 1 job; Margarita De La Paz, 1 job.