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 58552
| Name of Borrower | Current Approved Amount |
|---|---|
| Linton Hospital | $967,600 |
| Kem Electric Cooperative, Inc. | $368,000 |
| K & H Electric, Inc. | $235,600 |
| Prairie Heating & Air, Inc. | $126,300 |
| Allan Glatt | $100,000 |
| Cristopher Turman, PC | $74,100 |
| Baumgartner and Sons, Inc. | $71,300 |
| K & B Foods, Inc. | $70,200 |
| Dakota Agsynergy, LLC | $67,300 |
| Mccrory Farms, Inc. | $64,175 |
| Jack's Electric and Trenching | $58,300 |
| Northern Plains Agent of Linton, Inc. | $55,827 |
| R & K Equipment, Inc. | $52,001 |
| Emmons County Publishing, Inc. | $46,026 |
| John R Beck Insurance, LLC | $43,700 |
| Nodak Ranch & Home Supply | $41,375 |
| Boutique Twenty-Three, LLC | $41,200 |
| Pfeifle, Inc. | $38,595 |
| Scherrs Meats, LLP | $37,800 |
| Sehn Farms, LLP | $30,100 |
| Lisa K Mccrory, CPA, PLLC | $24,600 |
| Wangler Chiropractic Clinic | $21,300 |
| Thomas Bernhardt | $20,833 |
| David Bauman | $20,833 |
| Top Producer Insurance Agency, LLC | $20,800 |
| George Lawler | $20,800 |
| Brad Prauss Construction, LLC | $19,600 |
| Miles of Smiles, LLC | $17,144 |
| Bauman Financial, LLC | $16,807 |
| Schmidt, Inc. | $16,500 |
| Roll-on Tire Service | $16,497 |
| Circle H Lumber, LLC | $16,269 |
| Jochim's Construction | $16,215 |
| Peace Lutheran Church of Linton, North Dakota | $15,800 |
| Linton Country Club, Inc. | $14,900 |
| Mark Lawler | $14,700 |
| Methodist Episcopal Church of Linton | $13,700 |
| Ron's Hay Hauling | $11,942 |
| Austin Bernhardt | $11,040 |
| Mark Vander Vorste | $10,567 |
| Emmons County Interagency Forum Corporation, a Non-Profit Company | $9,400 |
| Kelsch Excavating, LLC | $8,900 |
| John's Auto Body & Sales, Inc. | $7,800 |
| Inspired Beauty by Jess | $7,034 |
| Paula Kelsch | $6,900 |
| Green Lantern | $6,200 |
| Weber Farm | $6,200 |
| Timothy Kooker | $5,600 |
| Jade Sauter | $5,578 |
| Thomas L. Vetter | $4,506 |
| Andrew Vetter | $4,270 |
| Cattail Resort, LLC | $4,000 |
| Raymond Dockter | $3,600 |
| Herbert Keller | $3,300 |
| Jody Lawler | $2,800 |
| Larry Lauinger | $2,794 |
| Linton Fitness, LLC | $2,395 |
| Kenneth Schneider | $2,000 |
| Peggy Herz | $1,699 |
| JMC, LLC | $1,300 |
| Denise C. Jasper-Martin | $1,280 |
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