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 56515
| Name of Borrower | Current Approved Amount |
|---|---|
| Now-Management, Inc. | $112,000 |
| Britmor Enterprises, Inc. | $90,500 |
| Larry's Super Market of Battle Lake, Inc. | $86,000 |
| Brian's Lawn Care, LLC | $83,500 |
| Battle Lake Standard | $78,000 |
| Bob Swedberg Nurseries, Inc. | $70,100 |
| Ameriprise Financial | $62,500 |
| Christensen Construction | $61,600 |
| Balmoral Golf Course, Inc. | $57,500 |
| Lakes Veterinary Hospital PA | $56,600 |
| LSS, LLC | $50,400 |
| Tysdal Construction, Inc. | $49,900 |
| Daniel R Barbre | $48,700 |
| Battle Lake Boathouse, Inc. | $48,200 |
| Everts Lumber Company | $45,600 |
| Bay View Ventures, LLC | $44,100 |
| First Lutheran Church of Battle Lake | $43,300 |
| Area Lakes Dental, LLC | $42,500 |
| Tom Avant Painting, Inc. | $42,100 |
| Schmidt Excavating | $40,690 |
| Maethner, Incorporated | $39,500 |
| Stubs, Inc. | $36,400 |
| Pauls Metal Petals, LLC | $31,300 |
| Shawn Frank Insurance Agency, Inc. | $31,000 |
| Dave Erwin Construction, Inc. | $29,900 |
| Trosdahl Bodyworks, Inc. | $29,700 |
| The Corner Store on Ottertail Lake | $27,500 |
| Zion Lutheran Church of Amor | $26,600 |
| Gary Thorstenson | $25,919 |
| Ben's Bait Shop, Inc. | $24,500 |
| Sparks Sales, LLC | $24,200 |
| North Point Professionals | $23,700 |
| Lakeside Plumbing & Heating, Inc. | $22,900 |
| RJG Services, Inc. | $22,400 |
| Paulson Land Company | $21,400 |
| Terry Braun & Company Ltd | $20,800 |
| NBL Marine, Inc. | $19,000 |
| Amy Nathe Realtor | $18,950 |
| Ben's Bait | $17,600 |
| Mekalson Hydraulics, Inc. | $17,600 |
| Names Dairy | $17,500 |
| Lake Ave Cafe, LLC | $17,000 |
| Scott Buchholz Construction, LLC | $16,900 |
| C. D. Electric | $16,300 |
| Amor Pork | $16,200 |
| Lakes Area Sanitation | $16,200 |
| Brickyard Supplies, LLC | $15,400 |
| A Touch of Class Hair & Nail Salon | $14,583 |
| Lake Country Gardens | $14,200 |
| Bonnie Beach Resort, Inc. | $13,300 |
| Eagle Lake Lutheran Church | $13,100 |
| Battle Lake Hotel Partners, LLC | $12,300 |
| Faith Haven Camp, Inc. | $11,000 |
| S Schauff, Inc. | $10,300 |
| Madsen's Resort, Inc. | $10,100 |
| Jp Trucking | $9,532 |
| Fogard Meetings and Events, Inc. | $8,026 |
| Ej's Floor Covering | $8,000 |
| Meister Guide Service, LLC | $7,800 |
| Moen Display, Inc. | $7,000 |
| Heidi Hull | $6,700 |
| David Braud | $6,600 |
| Brent Underhill | $6,455 |
| Varney Enterprises, LLC | $6,300 |
| Chase Family Health | $5,800 |
| Dan Ruhland Plumbing & Heating, Inc. | $5,750 |
| Lakes Area Community Center | $5,700 |
| Barky's Resort, Inc. | $5,600 |
| DS Auto | $5,600 |
| Bethel Lutheran Church | $5,200 |
| Creative Cuts | $5,000 |
| Ryan J. Christensen | $4,800 |
| Battle Lake Chiropractic P. A. | $3,700 |
| Dennis Fronning | $3,300 |
| Jamie Dee | $3,300 |
| Donavon Luhning | $3,100 |
| Ryan Christensen Carpentry, LLC | $3,000 |
| Balmoral Realty | $2,900 |
| ART of the Lakes Association | $2,700 |
| Janet Bolstad | $2,200 |
| Xanadu Island, LLC | $2,200 |
| Joni Luhning | $2,000 |
| Christensen Farms | $2,000 |
| David Nathe | $1,160 |
| Ruthmary Nordstrom | $1,000 |
| Petals and Posies | $800 |
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