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Thursday, November 7, 2024

17 PPP loans provided to small businesses in 2020 in ZIP Code 58758

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There were 17 PPP loans provided to small businesses in 2020 in ZIP Code 58758, according to the US Small Business Administration.

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 58758

Name of BorrowerCurrent Approved Amount
Kelly Feickert$30,461
Lautt's Autobody & Towing, Inc.$24,300
K & S Builders, LLC$23,400
Randall D. Appelt$20,833
Clyde & Brenda Reimche$17,200
Todd McKinven$15,172
Westen Feickert$14,887
Fredrick Hase$14,580
Bocats of North Dakota, Inc.$9,400
Dale Hauser$6,200
Faul Farms$5,700
RV Flooring$5,290
The Whole Nine Yards, LLC$4,400
Robbie Vetter$4,375
Milts Construction$4,300
Wesley McKinven$3,320
Hase Construction$500

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