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 58523
| Name of Borrower | Current Approved Amount |
|---|---|
| Coal Country Community Health Center | $1,185,600 |
| Beulah Community Nursing Home | $1,165,300 |
| Farmers Union Oil Company of Beulah | $264,900 |
| Bronson's Super Valu, Inc. | $258,940 |
| Lake View Services, LLC | $234,800 |
| Lignite Tire, Inc. | $157,700 |
| New Life Worship Center | $113,180 |
| Beulah Drug Company | $103,400 |
| R&L Hospitality of Beulah, Inc. | $100,800 |
| Solem Law Office | $89,100 |
| Schweld, LLC | $88,700 |
| Fanatic's Sports Bar and Grill, LLC | $80,200 |
| J S Sanitation, LLC | $71,900 |
| Beulah Vision, PC | $68,700 |
| Beulah Dental Weiss, PC | $67,900 |
| Beulah Conoco, Inc. | $57,000 |
| J & M Hardware, Inc. | $56,300 |
| Beulah Lumber Company, Inc. | $54,900 |
| Beulah Hotel Group, LLC | $49,600 |
| Mohl Drilling, Inc. | $45,000 |
| Losson Leonard Enterprises, LLC | $42,900 |
| The Meat Shop | $41,900 |
| Voegele Insurance Services, Inc. | $41,800 |
| Prince of Peace Lutheran Church AFLL | $36,097 |
| Erickson Chiropractic | $35,500 |
| Morgy's, Inc. | $26,400 |
| Eagle Helicopters, LLC | $25,500 |
| Antelope Creek Trucking, Inc. | $25,146 |
| High Plains Concepts, LLC | $25,100 |
| Hidden Treasures Boutique | $24,000 |
| J M Services, Inc. | $22,500 |
| Krave Salon and Spa, LLC | $21,700 |
| Beulah Chamber of Commerce | $21,700 |
| Shilo Jasso Safety Consultant, LLC | $20,800 |
| Graney Financial | $20,800 |
| Hydrohotshots, Inc. | $20,800 |
| Jens Braaten Agency, LLC | $20,100 |
| Beulah Municipal Golf Course | $20,000 |
| Zion Lutheran Church of Beulah, North Dakota | $19,000 |
| The Nite OWL, Inc. | $19,000 |
| Kim M. Fischer | $18,400 |
| Ashley Baker Insurance & Financial Services | $17,900 |
| M & L Concessions | $15,000 |
| Gerald Bieber | $14,920 |
| Creative Hair and Nails | $14,100 |
| Infinite Cabinets Unlimited | $13,800 |
| A&L, LLC | $13,100 |
| Lead, LLC | $13,000 |
| Alibis, Inc. | $12,700 |
| Suko & Suko, LLC | $12,437 |
| Christina's Healing Hands | $10,117 |
| Kaskam, LLC | $9,970 |
| A1 Auto | $9,500 |
| Nash Trucking, LLC | $9,050 |
| Sunshine Daycare | $8,800 |
| Coal Country Rentals, Inc. | $8,100 |
| Neuberger Oil Company | $8,000 |
| Main Bar | $7,950 |
| Sportsman's Bottle Shop, Inc. | $7,600 |
| Shear Energy Salon, LLC | $7,400 |
| Rueb's Flooring | $6,500 |
| Connie Loomis | $5,995 |
| Amber Nieuwsma | $5,700 |
| Harlon's Plumbing | $5,363 |
| Brew Consulting, LLC | $5,300 |
| Northern Lights Gymnastics Academy | $4,900 |
| The Grind Coffee Hut | $4,500 |
| Bloomn House | $3,800 |
| Destiny Zaffino | $3,663 |
| Mary Lou Horning | $3,650 |
| Lynnae Weidner | $3,565 |
| Leeroy J. Fischer | $3,300 |
| Lucky J. Buchmann | $3,200 |
| Heart in Hand Chiropractic Clinic | $2,000 |
| Julie A. Kriege | $1,883 |
| Sandys Therapeutic Massage | $1,500 |
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