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 58561
| Name of Borrower | Current Approved Amount |
|---|---|
| Central Dakota Frontier Cooperative | $1,029,334 |
| Napoleon Care Center | $491,710 |
| Napoleon Livestock Auction, Inc. | $148,033 |
| J & P Livestock, LLP | $105,000 |
| M&M Drywall | $93,462 |
| Zimmerman Law, PC | $92,297 |
| Nick Gross | $66,975 |
| Logan County Concrete, Inc. | $58,100 |
| Gross Construction | $56,300 |
| Victor J. Wald | $45,985 |
| Nita's Attic & Coffee Haus, LLC | $41,150 |
| C D & R Construction | $40,500 |
| Napoleon Drug, Inc. | $38,457 |
| White Maid, LLC | $34,400 |
| Fettig Daycare, LLC | $33,067 |
| Darryl Rau | $28,093 |
| Corey Schumacher, LLC | $25,367 |
| Total Life Chiropractic, P.C. | $25,340 |
| Del's Super Market, Inc. | $25,220 |
| Napoleon Ambulance Service | $24,915 |
| Mattern Spray Service | $23,900 |
| Homestead Printing Company | $22,985 |
| Advanced Coatings, LLC | $22,610 |
| The Downtowner, LLC | $22,492 |
| Pfeifle Farms | $22,202 |
| Troy Jangula | $21,829 |
| Randall Piatz | $20,833 |
| Justin Piatz | $20,832 |
| Gerald Rattei | $20,832 |
| Ryan R Johnson | $20,500 |
| Ryan & Emily Piatz | $20,010 |
| Jangula Transport, LLC | $19,625 |
| Insurance Agency, LLC Ltd. | $19,540 |
| Wald BRO Repair | $18,315 |
| Marshall Gross | $17,915 |
| AL a Weigel Agency | $17,500 |
| Schmitt Locker, LLC | $16,795 |
| Ep Repair, Inc. | $15,540 |
| Trinity Lutheran Parish | $13,225 |
| Napoleon Oil, LLC | $12,708 |
| Gross Cattle Company, LLC | $12,468 |
| Weigel Trustworthy Hardware | $12,380 |
| Barry Pfeifle Farm | $12,257 |
| Salon 206 | $11,240 |
| JM Autobody & Paint, LLC | $9,838 |
| Napoleon Floral & Trophy | $9,800 |
| Craig Weigel Farm | $8,000 |
| Mabel's Bakery & Coffee Shop | $6,672 |
| Jaren Wald | $6,536 |
| Napoleon Future Leaders | $5,738 |
| Jolene Christofferson | $5,707 |
| Fault Finders, LLC | $5,615 |
| Jaycen Glatt Farm | $5,312 |
| Anton Glatt | $5,000 |
| Locals Convenience Store, LLC | $4,450 |
| Ricky Schumacher | $4,115 |
| Wake Farm, Inc. | $4,090 |
| Keith Dewald | $3,898 |
| Reflections by Jenny | $2,889 |
| Napoleon Country Club | $2,300 |
| Steve Moser Trucking | $1,867 |
| Mozy INN, LLC | $1,600 |
| Octagon Properties, LLC | $1,562 |
| Hair Classiques by Connie | $1,430 |
| Metals-Rs | $1,101 |
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