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 56223
| Name of Borrower | Current Approved Amount |
|---|---|
| Clarkfield Enterprises, Inc. | $154,400 |
| Consumers Cooperative Oil Company of Clarkfiled | $100,800 |
| F & M Insurance Agency, Inc. | $61,483 |
| Century Farm Organics, LLC | $57,500 |
| K&K Tiling, Inc. | $48,348 |
| Ryan Christopherson | $46,200 |
| Schlenner Construction, Company | $38,100 |
| Risa Brothers | $35,400 |
| J & S One Stop, Inc. | $24,462 |
| Tommy Listul | $23,700 |
| Clarkfield Lutheran Church | $21,000 |
| Keith Hanson | $20,833 |
| Dustin Virkus | $20,833 |
| Keith Listul | $20,832 |
| David Eckhardt | $20,832 |
| David Alness | $20,832 |
| Keith Hennen | $20,830 |
| Harold Smith | $20,800 |
| Byron J. Handeland | $20,800 |
| Scott Wintz | $20,800 |
| Ronald Risa | $20,800 |
| Kenneth Handeland Jr. | $19,600 |
| Gniffke Agency, Inc. | $18,400 |
| Cody Husby Trucking | $18,100 |
| Handeland Chiropractic, LLC | $14,300 |
| K & J Velde, Inc. | $14,100 |
| Michael H. Geihl | $13,952 |
| The Filling Station | $13,210 |
| Wesley Husby | $12,900 |
| Gunlogson's Farm, Inc. | $11,792 |
| Michael Jorgenson | $11,700 |
| Steven Risa | $11,700 |
| Todd Risa | $11,200 |
| Paul Wilson | $9,700 |
| Patrick McCoy | $8,100 |
| Carl Louwagie | $7,300 |
| Ryan Gniffke | $6,900 |
| Mitcheal Brusven | $6,900 |
| Miller Equipment and Manufacturing, Inc. | $6,200 |
| Douglas K. Albin | $6,002 |
| Nicole Kragh | $5,605 |
| Sheldon Kittelsoon | $5,100 |
| Clarkfield Automotive Repair, Inc. | $5,100 |
| Duane Morland | $4,700 |
| Nathan Morland | $4,600 |
| Phillip Vold | $4,400 |
| Lewellyn Vold | $4,100 |
| Scott Albertson | $4,000 |
| SCS Plumbing & Heating, LLC | $3,900 |
| Merle Pearson | $3,695 |
| Williamson Construction, LLC | $3,570 |
| Dan Larson | $3,480 |
| Sakry Trucking, LLC | $2,900 |
| Kyle Jahn | $2,600 |
| R Peterson Electric, LLC | $2,500 |
| Kevin Kittelson | $1,500 |
| Andrew Kittelson | $1,500 |
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