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 56175
| Name of Borrower | Current Approved Amount |
|---|---|
| Greenwood Nursery, Inc. | $153,100 |
| Sweet Home Home Care, LLC | $140,900 |
| Prairie Lakes Family Dentistry, LLC | $94,100 |
| Fultz Farms, Inc. | $92,700 |
| The Church of St. Mary of Tracy | $79,400 |
| Lavoy's Repair Inc., LLC | $77,247 |
| Secondwindcpap, LLC | $70,300 |
| Dale Johnson III Construction, LLC | $67,260 |
| Ideal Animal Nutrition, LLC | $65,300 |
| Brockway-Brown Veterinary Clinic | $57,661 |
| Cooreman Contracting, Inc. | $48,381 |
| Tracy Kid's World | $44,100 |
| G&R Electric, Inc. | $40,700 |
| Tracy Ace Home Center, LLC | $40,000 |
| Bonnie and Clydes Limited Liability Company | $36,500 |
| Above the Fold Publishing, LLC | $35,100 |
| Tracy Lutheran Church | $34,000 |
| Salmon Automotive, Inc. | $33,500 |
| Daniels-Peterson Construction, Inc. | $30,800 |
| Ludeman Enterprises, Inc. | $30,705 |
| Gregory P. Lanoue | $30,400 |
| David Knott | $29,500 |
| Tracy Ambulance Center, Inc. | $27,500 |
| Sahlstrom's Heatign, Cooling & Refrigeration, Inc. | $26,800 |
| Amiret Agent Center, Inc. | $24,500 |
| Steven R. Knott | $24,000 |
| James Vandendriessche | $21,900 |
| Nettiewyynnt Farm Limited Partnership | $21,190 |
| Jakob Hicks | $20,833 |
| Jason Knopik | $20,833 |
| Kevin Debaere | $20,833 |
| Stone Creek Farm | $20,800 |
| Chad Dallenbach | $20,800 |
| Nelson Traits & Seed, Inc. | $20,800 |
| Charles Ankrum | $20,352 |
| Eric Bly Nelson | $19,100 |
| Matthew Surprenant | $18,800 |
| Ryan West Excavating, Inc. | $18,387 |
| Mark Priegnitz, State Farm Insurance Agent | $17,100 |
| Trent Fischer | $16,000 |
| Southpass, Inc. | $15,200 |
| J & M Contract Insurance, LLC | $14,967 |
| Tracy United Methodist Church | $14,400 |
| Larry Hansen | $13,400 |
| Desmet Weldors and Machine Shop | $12,921 |
| Joan Lavoy | $12,810 |
| Tracy Country Club | $12,400 |
| Ruppert Company Farm, Inc. | $12,112 |
| BT Quality Construction, LLC | $11,855 |
| Hook Farms, Inc. | $11,800 |
| Ronald D. Scott | $11,266 |
| Greg Vroman, Inc. | $11,200 |
| Bradley Paradis | $10,997 |
| Tracy Lanes, LLC | $10,900 |
| Kent Weedman | $10,300 |
| The Caboose of Tracy, Inc. | $9,900 |
| G&R Appliance, Inc. | $9,900 |
| Kurt Weedman | $9,837 |
| Zion Evangelical Lutheran Church | $9,400 |
| John G. Lanoue | $9,300 |
| Tracy Chiropractic, P. A. | $9,100 |
| Cory Maeyaert | $7,700 |
| Jesse Roby Trucking | $7,697 |
| Steven J. Vickerman | $7,508 |
| Mike Peters | $7,500 |
| Lanoue Poultry, LLC | $7,000 |
| Mark Peterson Wind Consulting | $7,000 |
| Donna Lanoue Daycare | $6,900 |
| GH Plumbing & Heating Services, LLC | $6,900 |
| Verlinde Farms, Inc. | $6,100 |
| Ayla Snyder | $5,900 |
| Stephen Schreier | $5,786 |
| Debra Jean Hesse | $5,500 |
| Jon R. Munson | $5,445 |
| Axford Farms | $5,400 |
| Steve Johnson | $5,300 |
| Jesse Johns Construction, LLC | $5,063 |
| Joseph Beierman Construction | $4,697 |
| Rebecca Bruns | $4,564 |
| Duane Maeyaert | $4,400 |
| Jeffrey Lau | $4,375 |
| John A. Albee | $3,965 |
| Warren Black | $3,162 |
| Asa J. Nelson | $2,987 |
| Healing Hands Myofascial Release | $2,900 |
| Kimberly Seiler | $2,404 |
| Mike Erbes Farm, LLC | $2,359 |
| Jenniges Collision | $2,308 |
| Mark Lavoy | $2,200 |
| Erbes Repair, LLC | $2,146 |
| Jolynn's Cut & Curl | $1,867 |
| Douglas Edwards | $1,200 |
| Karla L. Mitchell Black | $1,175 |
| George Erbes | $1,125 |
| Gary Johns | $937 |
| Andrew Nelson | $500 |
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