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 56171
| Name of Borrower | Current Approved Amount |
|---|---|
| Community Options & Resources | $571,449 |
| Behne, Inc. | $126,723 |
| Myguy, Inc. | $109,045 |
| Faber Brothers | $83,333 |
| Ringnell Insurance Service, LLP | $49,400 |
| St. John's Lutheran Church | $42,800 |
| Goldmount Veterinary Center PA | $34,400 |
| Martin County Star, Inc. | $33,407 |
| Amborn Lumber, Inc. | $31,300 |
| Zacs Sales and Service | $30,600 |
| Sherburn Nursery & Floral, LLC | $28,700 |
| Inspiring Interiors, LLC | $25,000 |
| Truesdell Family Farm Partnership | $24,500 |
| Tumbleson Farms, Inc. | $22,088 |
| JM Farms, Inc. | $20,832 |
| Douglas Eisenmenger | $20,832 |
| Roger Matejka | $20,830 |
| Susan K. Burmeister | $20,800 |
| James Ebeling | $20,800 |
| Cup N' Saucer | $19,600 |
| Carson Kahler | $19,067 |
| Ronald L. Johnson | $19,000 |
| Christopher Kahler | $18,435 |
| Clifford G. Anderson | $18,400 |
| Ryan Kahler | $15,387 |
| Dennis Peterson | $15,097 |
| Lange Sons, Inc. | $15,000 |
| The Assembly of God of Sherburn, Minnesota | $14,200 |
| Fox Lake Conservation League | $12,500 |
| Bent Oechsle | $12,245 |
| Sherburn Chiropractic | $11,100 |
| 6th Gen Organics Partnership | $10,885 |
| Chase Crawford | $10,487 |
| Fox Lake Golf Club, Inc. | $10,300 |
| Rosenberg Const. | $9,900 |
| Weiss Auto Repair | $9,822 |
| Airborne Farms, Inc. | $9,400 |
| Tom Finke Excavating, LLC | $7,500 |
| John Theobald | $7,197 |
| T & M Farms, Inc. | $7,185 |
| SJS Farms General Partnership | $6,855 |
| SJS Ranch, Inc. | $6,835 |
| Unraveled, LLC | $6,700 |
| Lucas Stoffel | $6,572 |
| Randy Nelson Farms, Inc. | $5,200 |
| Donavan Larson | $4,992 |
| Ryan Sinn | $4,575 |
| Charity Ringnell | $4,500 |
| Mary Brolsma | $3,900 |
| Michael A. Ringnell | $2,500 |
| Rmste, LLC | $1,900 |
| Robert Posivio | $1,879 |
| Janssen Ag Cents | $926 |
Alerts Sign-up