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 58545
| Name of Borrower | Current Approved Amount |
|---|---|
| Hazen Memorial Hospital Association | $1,413,300 |
| Roughrider Electric Cooperative, Inc. | $1,304,600 |
| Krause's Market | $431,778 |
| Hazen Motor Company | $236,900 |
| Western Steel Builders, Inc. | $215,800 |
| Kassyl Maintenance, Inc. | $149,000 |
| Farmers Union Oil Company of Hazen | $137,500 |
| Dug Rite Excavating, LLC | $130,822 |
| Joy Dental Management Group, Inc. | $129,900 |
| Mercer County Ambulance Service, Inc. | $109,300 |
| Energy Capital Cooperative Child Care | $107,400 |
| Hazen Drug, Inc. | $99,600 |
| Mandate Machinery, Inc. | $94,600 |
| Basin Auto Parts, Inc. | $82,100 |
| TRJ Enterprises | $73,800 |
| Swanson Chiropractic, P.C. | $72,300 |
| S and G, LLC | $55,600 |
| Home Connection, LLC | $47,000 |
| The Little Bar and Grill, Inc. | $44,000 |
| Pfliger Chiropractic Clinic, PC | $41,100 |
| John Weinand | $37,300 |
| Peace Lutheran Church | $33,200 |
| S&S Specialties, LLP | $32,900 |
| Hazen Winter Sports Association | $31,500 |
| TS & CS, LLC | $31,500 |
| J & J Hazen Meats, Inc. | $30,300 |
| Buffalo Hill Veterinary Clinic, Inc. | $30,200 |
| M & A Heating & Air Conditioning | $27,500 |
| Legend Air, LLC | $27,471 |
| West Dakota Lumber, Inc. | $26,200 |
| Wolf Grain Farms | $23,617 |
| St. Matthew Ev Lutheran Church of the LCMS | $23,000 |
| Hazen Bottle Shop, Inc. | $22,500 |
| DR. Keely Goter, PC, D.D.S. | $20,800 |
| J&J Repair and Restoration, Inc. | $19,749 |
| Scott's Bait and Tackle | $19,400 |
| Two Crow Transport, LLC | $18,100 |
| English Lutheran Congregation of Hazen, North Dakota | $17,500 |
| Charvat Construction, Inc. | $16,800 |
| Wayne Clark | $16,100 |
| Hazen Golf Club, Inc. | $16,100 |
| Damian McKague | $15,262 |
| Kathaleen R. Busche | $14,245 |
| Mirror Images, Inc. | $12,200 |
| Brandon Jones | $11,840 |
| Box's Bar | $11,500 |
| Reinhardt Trucking, LLC | $10,500 |
| Shawn D. Hoffner | $10,400 |
| Michael Just | $9,600 |
| The Chamber of Commerce of Hazen | $8,500 |
| Winkler Construction | $8,300 |
| Sakakawea Motel | $7,600 |
| JF Hair | $7,300 |
| Lignite Housing and Beulahful Homes, Inc. | $5,300 |
| Shannon Sailer | $5,300 |
| Dakota Management | $5,257 |
| Surge Fitness, LLC | $5,250 |
| Black Water Bandit, LLC | $4,720 |
| Longshots Bar, LLC | $4,400 |
| Groundation, LLP | $3,000 |
| Donnell's Cleaning Services | $1,500 |
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