The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Pro-Agent Farmers Cooperative | $1,052,000 |
| St. William's Living Center | $692,300 |
| Urbank Machine, Inc. | $331,600 |
| Gappa Oil Company, Inc. | $201,272 |
| Daniels Food Equipment | $163,200 |
| Bob's Concrete Pumping, Inc. | $125,000 |
| Farm Boys, LLC | $124,000 |
| T R Iverson Enterprises, Inc. | $112,000 |
| Prairie Peak Investments, Inc. | $69,600 |
| Roy Olson Partnership | $67,500 |
| Showcase Homes, Inc. | $64,200 |
| Silver Ranch Industries, LLC | $61,271 |
| L & O Plumbing & Heating, Inc. | $49,500 |
| Roy Olson, LLC | $47,900 |
| JJ Company Excavating, LLC | $47,800 |
| Carlson Turkey Farms | $43,144 |
| Parkers Bus Company, Inc. | $43,000 |
| Shircliff Construction, Inc. | $39,000 |
| Olson and Sons | $37,500 |
| Prairie North Masonry & Concrete, LLC | $35,700 |
| Prairie Pine Mutual Insurance Company | $34,800 |
| Prairie INN & Suites, LLC | $33,800 |
| Up North Concrete Paving, LLC | $29,900 |
| Painted Rose, Inc. | $29,200 |
| JD Locating, Inc. | $27,700 |
| Fortwengler Electric, Inc. | $26,400 |
| The Old Mill, Inc. | $26,062 |
| Immanuel Lutheran Church | $23,200 |
| Parkers Prairie Tax Service | $21,800 |
| Parkers Veterinary Clinic PA | $21,800 |
| Koep's Septic, LLC | $20,800 |
| Wehking Farm Limited Partnership | $20,800 |
| Bettin Pest Control, Inc. | $19,400 |
| RBS Excavating, LLC | $18,700 |
| Nathan Ruckheim | $18,700 |
| First Evangelical Lutheran Church of Parkers Prairie, Minnes | $17,500 |
| Penrose Transport, Inc. | $17,200 |
| Hollatz Auto Sales & Glass Shop, LLC | $17,100 |
| Chet's Lakeside INN, Inc. | $17,100 |
| GC Airbrush & Paint Repair, Inc. | $14,800 |
| Andrew Steidl | $14,100 |
| Quick's Napa Auto Parts | $13,675 |
| The Parkers Prairie Independent, LLC | $12,500 |
| Hart Travel, LLC | $12,300 |
| Super Bee Honey, LLC | $12,200 |
| Parkers Prairie Auto Body, Inc. | $12,200 |
| Unique Paint Body & Trim | $12,000 |
| Esther Lutheran Church | $11,900 |
| Aw Communications | $11,800 |
| Dale Diedrich | $11,300 |
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