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 58533
| Name of Borrower | Current Approved Amount |
|---|---|
| Jacobson Memorial Hospital Care Center | $778,200 |
| Dakota Hill Housing | $108,900 |
| Dakota Grain Company, Inc. | $91,532 |
| Bee Unique Honey, Inc. | $46,500 |
| Ulrich Manufacturing, LLC | $41,500 |
| R Family Market, LLC | $36,700 |
| Levorsen Accounting & Tax, PC | $36,200 |
| Oz Flooring, LLC | $34,700 |
| John Sanderson | $32,900 |
| Our Place Cafe & Lanes, Inc. | $31,977 |
| Economy Drug, Inc. | $27,900 |
| GS Publishing, LLC | $24,225 |
| Dennis Sabin | $23,900 |
| Kidz Clubhouse | $23,475 |
| Darnell Beck | $20,800 |
| Duane Kuntz | $20,600 |
| Alt's Hardware, Inc. | $20,000 |
| Luann Dart | $19,100 |
| AL's Exhaust & Body Shop | $16,272 |
| Three in One Physical Therapy, PLLC | $16,100 |
| Jason Hoffman | $15,900 |
| Elgin Veterinary Service | $14,600 |
| Rafteseth Trucking, LLC | $14,200 |
| Saul Maier | $12,300 |
| Immanuel Lutheran Church | $12,000 |
| Blaine Ottmar | $12,000 |
| Wanda Dachtler | $11,200 |
| Integrity Enterprises, LLC | $11,200 |
| Chad Riedlinger | $9,300 |
| Koepplin Black Simmentals | $8,700 |
| Randy Fischer | $5,500 |
| Seibs Sports Bar | $5,300 |
| Wesley Niederman | $4,700 |
| Damian Ulrich | $4,100 |
| B. G. Fire, Inc. | $4,000 |
| Rocky Ulrich | $3,900 |
| Blake Ulrich | $3,700 |
| Cross Roads Inn | $3,215 |
| The Green Stem | $2,500 |
| Farmers Union Insurance Michelle Seibel Agency | $2,300 |
| Haas Brothers | $1,900 |
| Ace Coatings and Sandblasting, Inc. | $1,900 |
| Joel J. Klein | $1,641 |
Alerts Sign-up