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 58577
| Name of Borrower | Current Approved Amount |
|---|---|
| Wagon Wheel Lumber and Hardware, Inc. | $113,900 |
| River Agent, Inc. | $108,602 |
| Buckshot Vac Service, LLC | $83,906 |
| Captain's Cabin, LLC | $81,949 |
| Mclean County Implement, LLC | $65,100 |
| Chase Drug Company, Inc. | $59,529 |
| Jaeger Transport, Inc. | $58,526 |
| Hetletved CPA, PC | $57,382 |
| Washburn Auto Body, LLC | $51,080 |
| Sheldon Crop Insurance Agency, LLC | $44,500 |
| Weber Electric, Inc. | $43,716 |
| Lewis and Clark Feeders, Inc. | $39,050 |
| Chad Tweeten | $36,475 |
| Brenarlo Enterprises, LLC | $30,577 |
| Richard Tweeten | $29,956 |
| The Window Source of Bismarck | $29,200 |
| Rick D. Tweeten | $27,100 |
| Jordan Swanson | $25,957 |
| George L. Swanson | $25,699 |
| Painted Woods Recreation, Inc. | $22,130 |
| The Riverboat Saloon, LLC | $21,652 |
| Doug Reiser Farm | $21,012 |
| George Sheldon | $20,833 |
| Steven Leidholm | $20,832 |
| Woodside Excavating | $20,832 |
| Benjamin Seidler | $20,832 |
| Heather Seidler | $20,832 |
| SF Construction, LLC | $20,500 |
| Mark Jennings | $19,792 |
| Leslie Sheldon | $18,578 |
| Scott's Hardware, Inc. | $17,480 |
| Jonathan Sheldon | $17,450 |
| Dwight Enockson | $16,445 |
| Michael L. Nelson Agency, LLC | $16,000 |
| Lindell Law Office | $15,870 |
| Goetz Funeral Homes, Inc. | $15,462 |
| Washburn Chiropractic, Inc. | $15,055 |
| Brent Petersen | $14,632 |
| Joseph Sheldon | $14,265 |
| Kellie Sheldon | $13,309 |
| Doc's Shop, Inc. | $12,500 |
| K & D Services | $11,973 |
| Jeffrey Kulzer | $11,625 |
| Pablo J. & Megan Ronderos | $11,609 |
| Giedd Hereford Ranch | $11,171 |
| Chris Gradin Farms | $11,101 |
| Charles Lacy | $10,530 |
| New Reflections | $9,305 |
| Frontier Floral & Gifts, LLC | $9,000 |
| L Hunze Transport, LLC | $8,865 |
| Tiny Toes Daycare, LLC | $8,342 |
| Affinity Salon, LLC | $8,319 |
| Mike Nelson Realty | $7,823 |
| Ryan Peterson | $7,176 |
| Kitty Tweeten | $5,492 |
| Loy-Mar Per, LLC | $4,687 |
| Brian Erber | $4,300 |
| Warren Bergquist | $3,906 |
| Larcon, LLC | $2,876 |
| Drew Peterson | $2,712 |
| Marlin Leidholm | $1,975 |
| Jason Lawrence | $1,220 |
| Bwitty, Inc. | $1,172 |
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