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 58530
| Name of Borrower | Current Approved Amount |
|---|---|
| Rud Propane, LLP | $128,975 |
| Price Cattle Ranch, LLP | $74,200 |
| Mahoney and Mahoney Attorneys at Law | $58,200 |
| Darrin Johnson Agency, Inc. | $26,500 |
| Legendary Meats, LLC | $24,000 |
| Square Butte Farm | $22,400 |
| Ryan Weber | $20,833 |
| Robert Tweeten | $20,832 |
| Crown Agro, LLC | $20,800 |
| Small Hands Preschool and Child Care | $14,400 |
| Retterath Ranch JV | $13,000 |
| Oliver County Abstract, LLP | $10,327 |
| Wolfies Place, LLC | $9,600 |
| Square Butte Veterinary Services, LLC | $8,800 |
| Embellished Salon by Macy | $7,300 |
| Daniel Staigle | $6,800 |
| Ethan Staigle | $4,900 |
| John Bobb Jr. | $4,139 |
| Drew M. Erhardt | $3,500 |
| Andrew Anderson | $3,100 |
| Rodney Meckle | $1,800 |
| Dawn Heid | $400 |
Alerts Sign-up