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 56180
| Name of Borrower | Current Approved Amount |
|---|---|
| Knakmuhs Enterprises, Inc. | $112,508 |
| M & K Bridge Construction, Inc. | $81,500 |
| Hansen Agri-Commodities, LLC | $42,896 |
| Johnson Brothers Partnership | $41,667 |
| DR. Bruce Mathiason, D.D.S. | $35,654 |
| Dennis Hemish | $30,733 |
| Bruce Maas | $30,000 |
| Wendorff Welding & Fabrication | $29,635 |
| Robert Zwach | $27,525 |
| Kevin J. Jenniges | $24,454 |
| Hoyt Oil and Convenience, Inc. | $23,491 |
| Dean Warner | $23,222 |
| Jack Van Gelderen | $20,833 |
| Ronald Kottke | $20,833 |
| Mark Takle | $20,800 |
| Education and Mary Carter Farms, Inc. | $19,100 |
| Laura Ingalls Wilder Museum and Tourist Center, Inc. | $18,490 |
| Prairie Support Services, LLC | $17,600 |
| Rick Ziemke | $17,209 |
| Michael Swanson | $14,825 |
| Landuyt Trucking, Inc. | $12,600 |
| Trinity Evangelical Lutheran Church | $12,501 |
| Kropps Sewer Service, Inc. | $12,042 |
| Wayne A. Alms | $11,950 |
| Northland Erosion Control, LLC | $11,900 |
| Craig Carter Concrete, LLC | $11,700 |
| Prairie Country Carriers, LLC | $11,675 |
| Trent Baker Construction, LLC | $11,330 |
| Randall & Kristine Tietz | $11,124 |
| Plum Creek Cabinets & Construction, Inc. | $11,001 |
| Heidi Hansen Agency | $10,800 |
| Landuyt Land and Livestock | $9,945 |
| David Hoffman | $9,816 |
| The English Lutheran Church of Walnut Grove | $9,456 |
| Paul Yang | $9,427 |
| Dustin Vandewiele | $8,113 |
| St. Olaf Lutheran Church | $7,983 |
| Matthew Zeug | $7,762 |
| Mark Warner | $7,657 |
| Lundberg Transport, LLC | $7,000 |
| Daniel Joseph Warner | $7,000 |
| Dane Schmiesing | $6,086 |
| Craig W. Carter | $6,000 |
| American Legion Club | $5,508 |
| Wahl Crane Service, LLC | $5,458 |
| Wilder Pageant Committee, Inc. | $5,220 |
| Steffen Electric, Inc. | $5,006 |
| Daniel Schmiesing | $4,445 |
| Suzanne Schmiesing | $4,407 |
| Fond Memories | $4,275 |
| Gilb Ventures, LLC | $4,179 |
| Theodore Enstad | $3,750 |
| Joshua Kottke | $3,550 |
| Chase Dallenbach | $3,500 |
| Stacey Wahl | $3,437 |
| Amy Koblegard | $3,194 |
| Dale Malmberg | $2,040 |
| Kraig Van Gelderen | $1,969 |
| Wahl Spray Foam Insulation | $1,595 |
| Chad Freeburg | $1,217 |
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