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 56572
| Name of Borrower | Current Approved Amount |
|---|---|
| Lake Region Electric Cooperative | $1,643,527 |
| Sellin Brothers, Inc. | $957,300 |
| Pelican Valley Health Center Hospital District | $719,800 |
| Lilac Homes Corporation | $211,800 |
| Lakes Area Landscaping, LLC | $192,900 |
| Sherbrooke Turf, Inc. | $155,700 |
| Egge Construction, Inc. | $136,387 |
| ECR Assets, LLC | $129,300 |
| Park Region Company-Op | $123,387 |
| David Ditch, P. A., D.D.S. | $110,340 |
| Cornfield Cafe, Inc. | $108,200 |
| Farmers Elevator Company of Pelican Rapids, MN | $99,400 |
| The Cormorant Pub, Inc. | $87,000 |
| Dads Pilot Car Service | $86,300 |
| Superior/lakeside, Inc. | $83,538 |
| Pelican Drug, Inc. | $77,500 |
| Gerald N. Evenson, Inc. | $76,400 |
| Pelican Fast Foods, Inc. | $71,800 |
| Rehabplus & Fitness, LLC | $71,600 |
| Assembly Engineering of Pelican Rapids, Minnesota, Inc. | $71,217 |
| Venture 55, LLC | $68,300 |
| DNL Development, Inc. | $66,400 |
| T Farms, Inc. | $63,400 |
| Victory Home Sales, Inc. | $60,475 |
| Midwest Tree & Maintenance, Inc. | $59,877 |
| Pelican Rapids Animal Hospital, P. A. | $58,200 |
| Christianson Bus Service, Inc. | $57,465 |
| Southtown of Pelican Rapids | $55,900 |
| Dakota Smiles of Pelican Rapids, PLLC | $55,237 |
| Environmental Control Systems, Inc. | $54,800 |
| Heart O Lakes Meats, Inc. | $51,942 |
| Ballard Sanitation, Inc. | $50,400 |
| Attachments International, Inc. | $48,605 |
| Tarnowski Trucking, LLC | $44,900 |
| Clean Sweep Commercial Services | $42,800 |
| Tweeton Construction, LLC | $40,700 |
| Green Concrete Construction, Inc. | $40,457 |
| Air Tight Insulation of Pelican Rapids, LLC | $36,000 |
| Strand Ace Hardware | $34,694 |
| Super Septic of Pelican Rapids, Inc. | $33,812 |
| Superior Management Group, Inc. | $32,658 |
| Trinity Lutheran Church | $32,500 |
| Jeff Morgan Insurance Agency, Inc. | $32,300 |
| Pro-Technician Home Inspections and Testing Services, LLC | $32,100 |
| Crystal Rock Healing, LLC | $31,467 |
| Maplewood Veterinary & Animal Hospital, Ltd. | $31,100 |
| Lake Country Press, Inc. | $31,100 |
| Minnesota Machinery | $30,880 |
| Marty Electric, Inc. | $30,400 |
| Tollerud Farms, LLC | $29,496 |
| Arntson Electric, Inc. | $29,400 |
| Zeller Properties, Inc. | $27,600 |
| Jeffrey Munick | $26,200 |
| Veterans of Foreign Wars Department 5252 VFW Minn | $26,200 |
| Bar D Farms | $25,700 |
| Travis Grefsrud | $23,865 |
| Forsgren's Pheasant Farm, Inc. | $23,700 |
| The Muddy Moose Company | $21,400 |
| S&S Security Services, LLC | $20,956 |
| Faith Evangelical Lutheran Church | $20,950 |
| Bull and Bear Resources, LLC | $20,800 |
| L and J, Inc. | $20,800 |
| Rafty's Concrete, LLC | $20,000 |
| Calvary Evangelical Free Church | $19,210 |
| Lakeland Appraisal Services | $18,400 |
| Brian Johnson | $18,122 |
| Diversified Poultry Services, Inc. | $17,881 |
| B&D Concrete, LLC | $17,800 |
| Christenson Heimbuch Construction | $17,500 |
| TNT Drywall | $17,200 |
| Alpine Carpet Cleaning | $17,000 |
| GVT, Inc. | $17,000 |
| Abi Osman | $16,864 |
| Randy Borgen | $16,700 |
| CRM Service, LLC | $16,600 |
| Central Lutheran Church | $16,300 |
| Shoreline Dock and Lift Service | $15,834 |
| Steven Leroy Klovstad | $15,718 |
| Twin Oaks Dairy, LLC | $15,290 |
| Loan Acres | $14,900 |
| Mark T. Johnson | $14,700 |
| Kimm's Dairy | $14,600 |
| Solinger's Resort, Inc. | $14,441 |
| Brad Jenson | $14,022 |
| Taqueria Escobar, LLC | $13,585 |
| Birchwood Golf Course Limited Liability | $13,379 |
| Logan Zimmerman | $13,300 |
| Marty Farms, Inc. | $12,600 |
| TM Transport | $12,500 |
| The Barn at Dunvilla, LLC | $12,200 |
| Tanner Gray | $12,000 |
| Tlta Properties, LLC | $11,800 |
| The Auto Connection | $11,000 |
| RJ Stallman Construction, LLC | $10,800 |
| JP Field Enterprises, LLC | $10,737 |
| Big John's Pelican Pizza, LLC | $10,500 |
| Natures Plumbing, LLC | $10,300 |
| Jessica Brosowske | $10,100 |
| True Aviation, LLC | $9,800 |
| Zion Evangelical Lutheran Church | $9,500 |
| Kvare, LLC | $9,500 |
| Grant Borgen | $9,300 |
| Westby Farms, LLP | $8,750 |
| Lakes Country Log Homes | $8,000 |
| Mark Langmo Trucking, Inc. | $7,500 |
| Gottenborg Chiropractic Clinic | $7,460 |
| J&J Schulstad, LLC | $7,371 |
| Lake Lida Hops Company, LLC | $7,132 |
| James Wurst Construction, Inc. | $6,875 |
| Arianna Zavala | $6,800 |
| J-Rod Enterprises, L. L. C. | $6,600 |
| LA Mariposa Market, Inc. | $6,600 |
| Robert Michels Trucking, Inc. | $6,500 |
| Pelican Hills, Inc. | $6,400 |
| Bert Nelson Insurance | $6,295 |
| Northern Turkeys, Inc. | $6,270 |
| Seifert Realty & Auction Company, Inc. | $6,204 |
| Pederson Sheet Metal & Heating, LLC | $6,000 |
| Broadway Auto Sales | $6,000 |
| Riverview Place, LLC | $5,785 |
| Johnson Farms West, Inc. | $5,316 |
| Lund Machine, LLC | $5,102 |
| Prairie Hill Seeds & Insurance | $4,800 |
| Petals from the Heart, LLC | $4,100 |
| Menu Masters, Inc. | $3,400 |
| Colleen Seifert | $3,310 |
| Woessner Insurance | $3,300 |
| Tadd Larson | $3,100 |
| Todd Sorum | $2,860 |
| Thomas Axness | $2,490 |
| Candace Roesch | $2,300 |
| Jessica Kulsrud | $1,970 |
| Pelican Beauty Cellar, Inc. | $1,865 |
| The Dog House Boarding Kennel | $1,822 |
| Envy Salon & Spa, LLC | $1,270 |
| Tonya E. Johnson | $1,100 |
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