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 56547
| Name of Borrower | Current Approved Amount |
|---|---|
| Mortenson Masonry, Inc. | $454,300 |
| Huesman Schreiber Masonary, LLC | $231,600 |
| Fuchs Sanitation Service, Inc. | $211,700 |
| Randall's Excavating, Inc. | $159,100 |
| Raymond Bernard Johnson | $104,300 |
| Skolness, Inc. | $80,181 |
| Cyr, LLC | $67,500 |
| Oasis C Store, Inc. | $54,700 |
| Dale Fischer | $47,200 |
| Maranatha Free Lutheran Church | $41,600 |
| Kuehl Brothers Farms | $39,800 |
| K. K. Nelson Farms, Inc. | $39,000 |
| Lewis Electric, LLC | $38,900 |
| Ross Menholt Farms | $37,800 |
| SRD Auto Repair, LLC | $37,400 |
| Riverton Research, Inc. | $33,500 |
| Winter Masonry, LLC | $32,600 |
| Haugens Landscaping, Inc. | $30,842 |
| Kirk Watt Farms, Inc. | $30,700 |
| Chad A. Leach | $30,600 |
| Knodel Enterprises, Inc. | $29,000 |
| Richards Busing, Inc. | $28,900 |
| Gary Wyland | $28,300 |
| Glyndon Lutheran Church | $27,500 |
| Mathew Fischer Painting, Inc. | $26,000 |
| Gustafson Enterprises, LLC | $24,600 |
| David R. Watt | $23,792 |
| Nathan Lambert | $22,200 |
| Trevor Sorby | $20,800 |
| Agent Resource Safety | $20,800 |
| Taves Turkey Farm, Inc. | $20,400 |
| Zimmerman Farms, Inc. | $16,802 |
| Morty's Bar & Grill, LLC | $16,300 |
| John Berg | $15,619 |
| JC Services | $15,400 |
| Doug Mjolsness Construction, Inc. | $15,000 |
| Alden P. Brendemuhl | $14,600 |
| Anastasis, Inc. | $12,800 |
| Buffalo River Transport, LLC | $12,300 |
| Kyle Johnson | $12,000 |
| Dick Wang, Inc. | $11,700 |
| Jacob Driscoll Farm | $11,400 |
| Chad Johnson | $11,300 |
| Oberg Contracting, LLC | $11,084 |
| All Things Landscaping, LLC | $11,035 |
| Garza Trucking | $10,400 |
| Jarred Johnson | $9,660 |
| Dustin P. Brenna | $9,400 |
| Johnson Hydraulic Services, Inc. | $8,700 |
| Jerry A. Wetterlin | $8,700 |
| Babolian Honey | $8,700 |
| Custom Renovations and Flooring, Inc. | $8,500 |
| Sogge Tax Service, Inc. | $7,932 |
| Glitz & Glam Nails | $7,800 |
| Trailblazing Communication | $7,500 |
| Wag N' Go Mobile Grooming, LLC | $7,400 |
| Oelke Farms, Inc. | $6,500 |
| Danielle Klawitter | $6,389 |
| Kelly Richards | $6,200 |
| Jason M. Brenna | $6,100 |
| Dale Nelson | $5,900 |
| Dukes Auto Sales, LLC | $5,500 |
| Scandia Lutheran Church | $5,000 |
| Concordia Lutheran Church | $5,000 |
| Buffalo River Bus Company, Inc. | $4,400 |
| Michelle Hanson | $3,500 |
| Matthew Aakre | $300 |
Alerts Sign-up