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 56381
| Name of Borrower | Current Approved Amount |
|---|---|
| Minnewaska Lutheran Home | $854,630 |
| Dycast Specialties Corporation | $502,900 |
| Meixel Truck Sales, Inc. | $139,600 |
| Badlands Aggregate, Inc. | $131,988 |
| West Central Irrigation, Inc. | $119,660 |
| West 13 Venture, Inc. | $68,353 |
| Glacial Lakes Dock, Inc. | $62,200 |
| Hormann Works, LLC | $55,900 |
| Bangsund Construction, LLC | $49,237 |
| Asmus Electric, LLC | $45,700 |
| Gateway Construction and Concrete, Inc. | $41,000 |
| Matthew Moe | $35,157 |
| Midwest Custom Aquarium, LLC | $31,987 |
| Erickson Excavating, Inc. | $30,800 |
| Starbuck Meats & Locker Service, Inc. | $30,300 |
| Starbuck's Cone Factory, Inc. | $24,840 |
| Minnewaska Insurance & Real Estate, Inc. | $22,500 |
| Moe Farms Trucking, Inc. | $22,260 |
| Chris J. Buckingham Insurance Agency, Inc. | $20,944 |
| Kenny James Express | $20,833 |
| Crosswind Parish | $20,833 |
| Deer Country Archery, Inc. | $19,900 |
| Debra Dahlseng | $19,800 |
| Keith Nygaard Construction, LLC | $19,285 |
| Osakis Lutheran Church | $18,800 |
| Davis Excavating, LLC | $17,800 |
| RNH Oil Service | $17,369 |
| David A. Thompson | $16,730 |
| Hansen Rehabilitation Services, Inc. | $16,722 |
| Franny's, Inc. | $15,228 |
| Johnson Chiropractic & Sports Clinic | $14,606 |
| Minnewaska Liquor, Inc. | $14,400 |
| Johnshoy Farms Partnership | $13,830 |
| Kevin L. Lundebrek | $13,000 |
| White Bear Lake Insurance Company | $12,796 |
| Jay Bredeken | $12,300 |
| Affordable Flooring, Inc. | $11,900 |
| Johnsrud Brothers | $11,742 |
| The Nutcracker Cafe | $11,600 |
| James Gullickson | $11,226 |
| Johnson Brothers Farm Partnership | $10,964 |
| Paul's Construction and Cabinets | $10,777 |
| Ronald Davis | $9,935 |
| Total Handyman Service | $9,500 |
| Precision Auto Body & Frame, Inc. | $9,000 |
| Kurtzbein Enterprises, Inc. | $8,423 |
| Swartz Brothers Associates, Inc. | $8,321 |
| Minnewaska Marine | $7,375 |
| Todd Starns Painting, LLC | $6,900 |
| Prairie Garden Farm, Inc. | $6,900 |
| Lundebrek Electric, LLC | $6,800 |
| Daniel Jepma | $6,671 |
| Starbuck Fire Department Auxiliary | $5,615 |
| Walter F. Kath | $5,353 |
| Dwayne's Handyman Services, LLC | $5,219 |
| Johnshoy Plumbing Heating & Air Conditioning, Inc. | $5,208 |
| Kent Engebretson | $3,825 |
| Kenneth Armstrong | $3,700 |
| Bradley S Burklund | $3,400 |
| L&M Transport | $3,275 |
| Luverne D. Brown | $3,275 |
| Lankow Drywall, LLC | $3,200 |
| Peddler Dan's | $1,800 |
| Lakes Area INN, LLC | $1,700 |
| Lehtola Painting, LLC | $1,509 |
| Riverview Farms of Starbuck, Inc. | $625 |
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