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 56178
| Name of Borrower | Current Approved Amount |
|---|---|
| Schak Trucking, Inc. | $727,189 |
| Lyon-Lincoln Electric Cooperative, Inc. | $403,800 |
| Althoff Crane Service, Inc. | $201,637 |
| Hope Developmental Achievement Center | $124,355 |
| Miller Legal Strategic Planning Centers, P. A. | $114,800 |
| Te Underground | $106,427 |
| Prairie Winds Construction, LLC | $89,745 |
| The Tyler Lumber Company | $73,570 |
| Maurice Christianson Farm Machinery Company | $61,900 |
| Christianson Crop Insurance Agency, Inc. | $58,247 |
| Buhl's Ridge View Farm, Inc. | $51,000 |
| Bruender's Cornermart, Inc. | $50,400 |
| Western Veterinary Clinic, PLLP | $50,291 |
| Kronborg INN, LLC | $50,115 |
| Better Water Industries, Inc. | $49,712 |
| Scott's Electronics & Appliance Service, Inc. | $47,800 |
| Danebod Village | $46,440 |
| Tyler Electric | $42,772 |
| Tyler Community Golf Club | $37,437 |
| S & K Auto Repair & C-Store, Inc. | $37,285 |
| Beck Agency, Inc. | $35,025 |
| Tyler Family Dental, PLLC | $33,877 |
| Bedow Farms | $33,000 |
| Buffalo Ridge Newspapers, LLC | $30,750 |
| Mark Enemark | $29,200 |
| Southwest Family Chiropractic, PLC | $26,112 |
| Roger Peters | $23,700 |
| Bakker Septic Tanks, LLC | $23,142 |
| Danebod Lutheran Church | $22,702 |
| Car Corral, LLC | $22,698 |
| Kelly Knudsen State Farm Agency | $22,200 |
| Thomas Plumbing, Inc. | $22,178 |
| James A. Johansen | $20,833 |
| Darrell Oerter | $20,832 |
| R&C Farms, LLC | $20,832 |
| Steven Mark Hesse | $20,800 |
| Randy Nielsen | $20,800 |
| Tyler Oil Company | $19,342 |
| Jorgensen Financial Services | $18,600 |
| Shadetree Auto Repair | $17,580 |
| Liberty Septic, Inc. | $17,482 |
| Ty Thooft | $16,955 |
| Duane Amundson | $15,847 |
| Apollo Water Systems, LLC | $15,397 |
| First English Lutheran Church | $15,130 |
| Ronald Wiering | $14,511 |
| Kosters Farms, Inc. | $14,500 |
| Dean Brandt's Heating & Air Conditioning, LLC | $14,363 |
| Hair Expressions & Boutique, LLC | $14,232 |
| Dick Herrick Trucking, LLC | $14,087 |
| Duane Possail | $13,800 |
| Roger Petersen | $12,360 |
| Gladis Trucking, LLC | $11,805 |
| Tim Thooft | $10,245 |
| Jared Rouge | $10,102 |
| Alan Benz | $9,910 |
| Align Family Chiropractic, LLC | $9,620 |
| Robert Thooft | $9,405 |
| Barb Brust Daycare | $9,247 |
| Joel Schreurs | $9,100 |
| Lowell Thooft | $8,962 |
| Andrew Jensen | $8,100 |
| Tyler Body Shop, LLC | $7,425 |
| Craig Norgaard | $7,385 |
| Deanna Drake | $5,900 |
| Gaylin Slegers | $5,875 |
| Jon M. Johnson | $5,865 |
| Kurt Larsen, Inc. | $5,743 |
| Michael Wiering | $5,205 |
| Tyler Locker, Inc. | $5,000 |
| Robbyn Kerkaert | $4,995 |
| Jeffrey Bakker | $4,482 |
| Kim Thooft | $4,362 |
| Michael Thomsen | $3,960 |
| Tate Thooft | $3,957 |
| Bradley Thooft | $3,192 |
| Lincoln County Agricultural Society | $2,812 |
| Scott Petersen Construction, Inc. | $2,500 |
| Diana Nielsen | $2,100 |
| Johnsons | $1,568 |
| Church of St. Dionysius | $1,500 |
| John Bakker | $1,385 |
| Curtis P. Madsen | $1,118 |
| Church of St. Genevieve | $1,000 |
| Terry's Radiator & Repair | $797 |
| YOU by Julie | $400 |
Alerts Sign-up