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 58495
| Name of Borrower | Current Approved Amount |
|---|---|
| Wishek Hospital Clinic Association | $810,000 |
| Wishek Home for the Aged | $762,000 |
| Sayler Implement, Inc. | $296,200 |
| Curtis Rohweder | $213,400 |
| Royal Farms Transport, Inc. | $209,870 |
| S & B Foods | $102,100 |
| Pfeifle Chevrolet-Buick, Inc. | $83,791 |
| Jamie Bittner | $75,612 |
| Pinke Lumber Company, Inc. | $66,200 |
| Jim Weber Ford, Inc. | $64,900 |
| Froehling Therapeutic Services, PC | $64,618 |
| Vetter's, Inc. | $61,800 |
| Beaver Valley Diesel | $57,000 |
| Wishek Drug, Inc. | $56,000 |
| Outlaw Construction, LLC | $55,697 |
| Wald Fencing & Supplies, LLC | $55,563 |
| Central Iron Repair & Manufacturing, LLC | $52,308 |
| Martell's Carquest, Inc. | $45,073 |
| Bettenhausen Farms | $40,200 |
| Wishek Electric, LLC | $37,300 |
| Schilling Trucking, LLP | $35,000 |
| Martells, Inc. | $27,707 |
| Dakota Performance, Inc. | $27,500 |
| Travis Finck | $26,543 |
| JB Ready Mix, LLC | $26,260 |
| Nathan Rath | $26,007 |
| Timoth Rath | $25,666 |
| Wishek Livestock Sales, Inc. | $24,000 |
| Kevin Nies Farm | $20,833 |
| Brian Nies Farm | $20,833 |
| Barrett Herr | $20,832 |
| Sandy J. Just | $20,800 |
| Brooks Bechtle | $20,800 |
| Blake Bechtle | $20,800 |
| Big Screen Bar | $18,172 |
| Curtis Brandner, LLC | $17,300 |
| Feist Family Services, LLC | $15,818 |
| Centre Crop Consulting, Inc. | $15,800 |
| Michael Bechtle | $15,200 |
| J & K Investments, Inc. | $14,600 |
| Blair Bechtle | $13,700 |
| Ruff Enterprises, LLC | $13,155 |
| First Baptist Church of Wishek | $13,000 |
| No Limits Roofing & Contracting, LLC | $12,459 |
| Faith Community Schurch | $10,400 |
| Jeremy Herr | $9,982 |
| St. Luke's Lutheran Church of Wishek | $8,900 |
| Aw Excavating, LLC | $7,900 |
| Hoberg Ranch, LLC | $7,200 |
| Depuydt Law Office | $6,232 |
| Curt Michaelsohn | $6,000 |
| Wayne Bauer | $6,000 |
| Salon Envy, LLC | $5,813 |
| Lee Aippeerspach | $4,800 |
| Clyde Meidinger | $4,520 |
| Highway 13 Spray Foam | $4,000 |
| Jacobson, Inc. | $3,822 |
| Ricky Just | $1,915 |
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