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 56257
| Name of Borrower | Current Approved Amount |
|---|---|
| Boehnke Waste Handling | $354,700 |
| Wildung Trucking, Inc. | $121,304 |
| Wildung Implement, LLC | $121,200 |
| Wollschlager Concrete, LLC | $25,040 |
| Alex Stamp | $20,835 |
| Justin Stamp | $20,835 |
| Timothy James Patzer | $20,833 |
| Stolpman Sand and Gravel | $20,800 |
| Daniel Ryan Brandenburger | $20,800 |
| Kallhoff Farms, Inc. | $20,800 |
| Steven Stamp | $20,085 |
| Allen Longhenry | $13,225 |
| LMN Parish | $11,750 |
| Chester Grube | $11,400 |
| Troy Hoyles | $10,915 |
| American Legion Post 0156 | $10,530 |
| Ronald Stafne | $9,652 |
| Darin Michael Brandenburger | $9,300 |
| Kevin Wildung | $9,200 |
| Lane's Electric, LLC | $9,083 |
| Reid Wildung | $8,600 |
| Cooper Schmidt | $7,990 |
| Steven J. Eidem | $7,985 |
| Todd Patzer | $7,700 |
| Nicholas Jibben | $6,315 |
| Steven Redepenning | $5,820 |
| Mortenson Hog Farms, LLC | $5,600 |
| Augusta Lutheran Church | $4,455 |
| Daren Schmidt | $3,800 |
| Bruce Streich | $3,785 |
| Lynn Kravik | $2,015 |
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