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 56169
| Name of Borrower | Current Approved Amount |
|---|---|
| Johnson Trenching Company | $85,115 |
| Hodges Construction & Electrical, LLC | $29,030 |
| Rough Country Excavating, LLC | $26,032 |
| RH Sealcoating & Asphalt Maintenance, Inc. | $24,245 |
| Thomas Neyens | $24,187 |
| Beefdoc, LLC | $20,800 |
| Christopher Wooge | $20,800 |
| Van Damme Woodworking, LLC | $16,975 |
| Petersons Fabulous Dogs/petersons Fabulous Quarter Horses | $15,821 |
| Matthew Thooft | $11,600 |
| Forever Green Landscape and Design, Inc. | $9,280 |
| Nathan Williams | $7,100 |
| Deling Construction, LLC | $7,050 |
| Bruce's Feed and Nurtrition | $6,597 |
| Josh Gravley Trucking, LLC | $6,277 |
| Ramsey Gravley | $6,217 |
| Dustin Thooft | $5,795 |
| Greg Goodmund | $5,049 |
| Evan Swanson | $4,355 |
| Sherlyn Brown | $3,917 |
| Matthew Millner | $3,900 |
| Traci's Place Family Daycare | $3,717 |
| John Kerr | $3,195 |
| Allie Sandersonbusy Bees Daycare | $2,614 |
| James Vandamme | $2,300 |
| Ronald Demuth | $1,832 |
| Neil A. Thooft | $1,392 |
| Brittany Gosser | $457 |
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