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 58540
| Name of Borrower | Current Approved Amount |
|---|---|
| BHG, Inc. | $312,796 |
| Whitetail Enterprises, LLC | $243,800 |
| Farmers Union Oil Company | $195,711 |
| Chase Pharmacy, Inc. | $188,594 |
| Camp of the Cross | $131,441 |
| JM Grain | $128,100 |
| Garrison-Max Ambulance District | $113,836 |
| Bendickson Farms General Partnership | $81,740 |
| America's First Tribal Solutions, Inc. | $78,200 |
| Koes, Inc. | $75,428 |
| Partners Alliance I | $72,400 |
| Kenmare Drug, Inc. | $60,723 |
| Jaeger Insurance Agency, Inc. | $60,099 |
| Garrison Lumber, Inc. | $55,248 |
| Johnny's Ready Mix, Inc. | $52,573 |
| Nygard Construction, Inc. | $47,469 |
| JB Repair, Inc. | $38,489 |
| Garrison Golf Club | $36,964 |
| Complete Chiropractic, PC | $36,900 |
| Schumaier Concrete Construction, LLC | $36,790 |
| North Plains Construction, LLC | $33,975 |
| Lance Zimmerman | $33,085 |
| Garrison Area Improvement Association | $28,523 |
| Four Season Restaurant & Ice Cream Parlor | $27,747 |
| Andrew J. Majeres | $26,247 |
| Thompson Funeral Home | $25,597 |
| Ye Olde Malt Shoppe | $23,600 |
| MSJ, Inc. | $23,465 |
| St. Pauls Lutheran Church | $23,432 |
| Jeffrey, Inc. | $23,400 |
| Wilson Law, PC | $21,890 |
| Lexmark Homes, LLC | $21,627 |
| Ward Heinzen | $20,833 |
| Steve's Plumbing Service, LLC | $20,546 |
| S&J Hardware, Inc. | $20,344 |
| Jennifer Collings | $19,900 |
| Lakeside Septic Service, LLC | $19,300 |
| Giffey's Yard and Garden Center, Inc. | $18,818 |
| Travis Iglehart | $17,070 |
| Bradley M. Haugen | $16,600 |
| Virginia Vassen | $16,100 |
| JM Contracting, LLC | $15,823 |
| Brenda Huesers | $15,400 |
| Indian Hills, Inc. | $13,249 |
| JW Electric, LLC | $12,611 |
| Ashley A. Brossart | $12,493 |
| Bradley R. Lagge | $12,488 |
| Sakakawea RV, LLC | $11,920 |
| Schlehr Utility Construction, LLC | $11,111 |
| C&N Marine and Bait, LLC | $10,690 |
| Retterath Farm, Inc. | $10,687 |
| Simply Hair | $10,220 |
| Red Arrow Construction, LLC | $9,893 |
| Bobbi Jo Krueger Insurance Agency, LLC | $9,300 |
| Wilcox Electric, LLC | $8,585 |
| Lakeside Auto & Sports | $8,025 |
| North Dakota Firefighter's Museum | $7,668 |
| Robin Roberts | $6,947 |
| Fischer Auto Body | $5,666 |
| Tressa Torno | $5,400 |
| David Kerzmann | $5,366 |
| Peace Lutheran Church | $5,350 |
| Benjamin Leidholm | $4,500 |
| Kyle Leidholm | $4,400 |
| Nicole Kallberg | $3,915 |
| Blake R. Borssart | $3,662 |
| Allen Iglehart | $3,294 |
| Wyatt Rime | $1,922 |
| Coffee & Company, LLC | $1,706 |
| Dirt Works | $1,490 |
| Nancy Leidholm | $1,200 |
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