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 56529
| Name of Borrower | Current Approved Amount |
|---|---|
| Axis Clinicals, LLC | $868,106 |
| Serenity Living Center, Inc. | $362,900 |
| FM Asphalt, LLC | $215,700 |
| Thunder Seed, Inc. | $162,900 |
| Darin L. Edeen, P. C, D.D.S. | $142,000 |
| Blue Ribbon Taps, LLC | $85,000 |
| Early Einsteins Learning Center, Inc. | $84,500 |
| Pizza Ranch of Dilworth, Inc. | $81,900 |
| Transport Jr. | $71,700 |
| Dilworth Lutheran Church | $51,600 |
| Olson Legatt Roofing, Inc. | $47,235 |
| Albert E Johnson VFW Post 1223 | $46,800 |
| BMW Homes, Inc. | $39,100 |
| CS Agent Services, Inc. | $32,600 |
| Cota Construction, Inc. | $32,000 |
| Grant's Painting, Inc. | $27,200 |
| R Star Logistics, LLC | $23,300 |
| Cariveau, Inc. | $22,900 |
| Brian Wang | $20,832 |
| Horizon Agent, LLC | $18,700 |
| River Valley Church of Moorhead | $18,492 |
| Pete Kolling Construction, LLC | $16,900 |
| Bruce Mcdonald, LLC | $16,500 |
| Cheryl Marie Masseth | $15,200 |
| Mclaughlin Auctioneers, LLC | $15,200 |
| Ellingson Agency, LLC | $15,000 |
| HD Electronics, Inc. | $14,200 |
| Valley Hardwood Supply, Inc. | $13,800 |
| St. Elizabeth Catholic Church | $13,300 |
| Winter Wilson Siding, Inc. | $13,013 |
| Lindsay Varty at Roots Salon | $12,000 |
| Dave Randash Decorating | $11,891 |
| Arctech Xcapes, LLC | $11,855 |
| Brian Rosenfeldt | $11,800 |
| Legacy Chiropractic and Wellness, PLLC | $10,800 |
| V & H Construction, Inc. | $10,500 |
| Ten 11 Auto, LLC | $10,400 |
| Astrup Farms | $10,146 |
| Mills Lounge, Inc. | $9,400 |
| Ryan Mullikin, Inc. | $8,900 |
| Laura Schmitt | $8,800 |
| Varty Construction, LLC | $8,500 |
| JJ Stickney Investigations, LLC | $8,400 |
| Hawk Flooring Plus, Inc. | $8,000 |
| Complete Plumbing Services, Inc. | $7,900 |
| John Jones | $7,000 |
| Dale's Handy Service, LLC | $6,300 |
| Trax Holdings, Inc. | $6,100 |
| Y M K Trucking, LLC | $6,050 |
| Pamela Buschette-Cottrell | $5,600 |
| Ali Mahamoud Gouled | $5,400 |
| Creative Monke, LLC | $5,300 |
| Kuehl Bus Service, Inc. | $5,200 |
| Sheryl Hauf | $4,445 |
| Shelly Highness | $4,087 |
| Sosken Companies, LLC | $3,900 |
| Discovering Little People Daycare | $3,893 |
| The Alley Shop | $3,000 |
| Joseph Winter | $2,700 |
| Corporate Elements, LLC | $2,200 |
| Eleven-Seven, LLC | $2,200 |
| Shelly Curtiss | $2,200 |
| Abraham Bawzer | $1,791 |
Alerts Sign-up