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 56283
| Name of Borrower | Current Approved Amount |
|---|---|
| Farmers, Union Industries, LLC | $7,058,600 |
| Northstar Systembuilt, LLC | $785,500 |
| Weelborg Ford | $389,700 |
| Rio Ranch Supply, Inc. | $343,300 |
| Marthaler Automotive of Redwood Falls, Inc. | $298,900 |
| Behrendt Enterprises, Inc. | $276,400 |
| West River Group, Inc. | $267,500 |
| Tersteeg's, Inc. | $254,200 |
| Weltsch Equipment, Inc. | $230,500 |
| River Valley Health & Rehabilitation Center, LLC | $217,429 |
| Service Enterprises of Minnesota, Inc. | $193,400 |
| Rick Kramer, Inc. | $193,300 |
| St. John's Evangelical Lutheran Church | $190,400 |
| Cubik Promotions, Inc. | $188,200 |
| Schmidt Construction, Inc. | $177,500 |
| A&W Furniture | $167,800 |
| Everstrong Construction, Inc. | $161,200 |
| Timothy S. Brown, D.D.S. | $153,100 |
| Doug's Lawn & Landscaping Service, LLC | $151,000 |
| Ryan Kramer Trucking, LLC | $145,800 |
| Northwest Drywall of Redwood Falls, Inc. | $145,400 |
| Thielen Bus Lines, Inc. | $139,800 |
| Sward-Kemp Drug Company, Inc. | $129,400 |
| Wood & Conn Corporation | $122,700 |
| Orion Sales, Inc. | $110,800 |
| Duro Rock Supply Company | $109,200 |
| Gordy Serbus & Sons Gravel, LLC | $107,800 |
| Duffey's South, Inc. | $107,200 |
| Estebo, Frank & Munshower, Ltd. | $105,100 |
| Lesage Reynolds & Welter of Redwood Falls, Ltd. | $103,900 |
| Michael and Vicki Johanneck and Johanneck Water Conditioning | $103,000 |
| Michael Flinn, P. A., D.D.S. | $90,600 |
| Redwood Building Center, Inc. | $86,200 |
| Redwood Falls Nursery, Inc. | $83,800 |
| Weis Enterprises, Inc. | $82,400 |
| Mor Pork, Inc. | $82,100 |
| Oberloh & Oberloh | $78,900 |
| RWF Pharmacy Services, Ltd. | $78,100 |
| Redwood Falls Pizza Ranch, Inc. | $75,800 |
| Minnesota Valley Agency, LLC | $68,000 |
| Southwest Sales and Service, LLC | $63,000 |
| Stephens Funeral Service, Inc. | $61,300 |
| Fuhr Insurance Agency, LLC | $56,000 |
| Kaardal Insurance Services, Inc. | $55,700 |
| Redwood Tire Service, Inc. | $55,400 |
| Redwood Properties, Inc. | $52,678 |
| Valley Rubber, Inc. | $52,100 |
| Turbes Agent Sales & Service, LLC | $50,147 |
| Gilk Legacy Law, PLLC | $49,200 |
| MJ Mechanical, LLC | $49,100 |
| Unlimited Success IV, Inc. | $48,555 |
| Magic Water Softener Services, Inc. | $48,000 |
| John Goblish Construction | $43,400 |
| Shelby Farms, Inc. | $43,100 |
| Bridge Street Cuisine, Inc. | $41,500 |
| Wittwer Training Systems, LLC | $41,000 |
| St. Catherines Church | $40,200 |
| Uptown Auto Care, Inc. | $38,212 |
| Nancy S. Hansen | $37,100 |
| Winter Creek Farms, Inc. | $36,000 |
| Total Glass of Redwood Falls, Incorporated | $35,670 |
| Chiro-Plus, P. A. | $35,300 |
| Passe & Whitmore P a | $33,800 |
| Steve Heiling Construction, LLP | $33,500 |
| Klabunde Electric, Inc. | $33,100 |
| Rebstock Insurance Agency, Inc. | $32,590 |
| E & K Construction, Inc. | $32,500 |
| Malecek Livestock, Inc. | $32,200 |
| Kuglin Enterprises, Inc. | $32,100 |
| Samyn Seeds, Inc. | $31,200 |
| Redwood Falls Golf Club | $29,200 |
| BHS of Redwood Falls, LLC | $28,900 |
| Hillestad Funeral Service, Inc. | $28,400 |
| Nelson's Salvage & Towing, Inc. | $28,300 |
| B & N Plumbing-N-Heating, LLC | $28,000 |
| Choices Behavioral Health, LLC | $27,890 |
| Jesse's Collision & Restoration, LLC | $27,395 |
| Rick Don Peterson | $27,200 |
| Micheal Don Petersen | $25,800 |
| Woodford Agent, LLC | $25,800 |
| Dari King Corporation | $25,700 |
| Eric Linsmeier Trucking, LLC | $25,100 |
| Keven Malacek | $25,100 |
| Steven MacHolda | $24,802 |
| Schneider Agent Services, LLC | $24,600 |
| Bank Farms, Inc. | $24,200 |
| Barry Paskewitz Livestock, Inc. | $23,900 |
| First United Methodist Church | $23,700 |
| Hair Company Salon & Spa, Inc. | $23,600 |
| First Presbyterian Church | $23,600 |
| Kerkhoff Auction and Real Estate, LLC | $23,500 |
| Redwood Valley Real Estate, Inc. | $23,500 |
| American Legion, Malvin Daskin Post 38 | $22,900 |
| William MacHolda | $22,605 |
| Bruns Anesthesia, PLLC | $22,000 |
| Ranger Pump Company | $21,900 |
| Anderson & Moeller, LLC | $21,800 |
| Dave's Refrigeration and Appliance Service, LLC | $21,495 |
| Lloyd Charles Jacobson | $20,833 |
| Adam John MacHolda | $20,833 |
| Michael Kohout | $20,833 |
| Debra Frank | $20,832 |
| G & B Trailers, LLC | $20,800 |
| Chad M. Lund | $20,800 |
| Josh Frank Farms, LLC | $20,800 |
| Office Management, Inc. | $20,662 |
| Mark R. Parker | $20,072 |
| Airtec Systems, Inc. | $19,500 |
| Silver Dollar Lines, LLC | $19,400 |
| VLS Peterson Management, Inc. | $19,000 |
| E & T Plumbing, LLC | $18,800 |
| Redwood Auto Sales, LLC | $18,785 |
| Sharron Lund and Curtis Lund | $18,600 |
| Larry's Auto Center of Redwood Falls, LLC | $18,300 |
| Jim Paskewitz Feed Lot Company | $17,800 |
| S & S Rental & Farming Operation | $17,500 |
| Robert Goblirsch | $17,493 |
| Neil Deblieck Trucking, LLC | $17,200 |
| Denis Goblirsch | $17,187 |
| Potterosa Farms, Inc. | $16,820 |
| Kerkhoff Cattle Company, Inc. | $16,600 |
| Donald & Chad Beran Construction, Inc. | $16,200 |
| Steve & Son's, LLC | $16,200 |
| Bryan David Warner | $16,000 |
| Otto Farms, Inc. | $15,200 |
| Double a Enterprises, Inc. | $14,900 |
| Lifestyle Landscape, LLC | $13,900 |
| Dean Wacek | $13,900 |
| Ceramic Ranch | $13,885 |
| Brackstan Linsmeier | $13,760 |
| Swigart Farms, Inc. | $13,600 |
| Redwood Valley Technical Solutions, LLC | $13,500 |
| Mark Nemitz | $13,200 |
| Hagert Farms, Inc. | $12,590 |
| Joel Samyn | $12,086 |
| Custom Built Contracting, LLC | $11,854 |
| Daniel Loock | $11,800 |
| Daniel Buysse | $11,682 |
| Kerkhoff Financial Services, LLC | $11,600 |
| Mark Malecek | $11,600 |
| Regnier Enterprises, LLC | $11,500 |
| The Evangelical Free Church of Redwood Falls | $11,300 |
| Bradley R. Anderson | $11,300 |
| Simply Maid & More, LLC | $11,100 |
| Rebby Trucking, LLC | $10,900 |
| Top Quality Hearing Aid Center, Inc. | $10,900 |
| Garlan Dahmes | $10,334 |
| Red Willow Farms, LLC | $10,000 |
| Daniel Gegner | $9,921 |
| Homestead Cooperative of Redwood Falls | $9,900 |
| Nathan Scharlemann | $9,700 |
| Christ's Victory Lutheran Church | $9,500 |
| Lisa Hansen | $9,274 |
| Daniel Kodet | $9,200 |
| G&M Farms | $8,600 |
| Sarah Runck | $8,300 |
| Valerie Stephens Real Estate, LLC | $8,100 |
| Melvin Schueller | $7,700 |
| Mark's Body & Glass, LLC | $7,607 |
| Redwood Renovations and Repair, LLC | $7,500 |
| Church O the Living Word, Inc. | $7,500 |
| Gerald Hess | $7,188 |
| J. Williamson Asphalt Services, LLC | $7,100 |
| Gregory Kodet | $7,040 |
| Gregory F. Green | $6,818 |
| Karen Sandgren | $6,600 |
| Logan Livestock, Inc. | $6,200 |
| Reinhart Transfer, LLC | $6,000 |
| Meier Cattle Company, LLC | $6,000 |
| Kathleen Seidel | $5,620 |
| Active Life Chiropractic, LLC | $5,517 |
| Alois Kodet | $5,300 |
| Z to a Trucking, LLC | $5,300 |
| Prescott Trucking, LLC | $5,200 |
| Minnesota Lands, LLC | $5,138 |
| SW MN Insurance Agency | $4,969 |
| Kohler's River Valley Farms, LLC | $4,900 |
| Daniel B. Koster | $4,400 |
| Wild Prairie Farms, Inc. | $4,400 |
| Cwcounseling and Consulting, Ltd. | $4,300 |
| D & B Buysse Ventures, LLC | $4,300 |
| Steve Nelson Farms, Inc. | $4,292 |
| Shawn Dixon | $4,200 |
| Glenn Anderson | $4,200 |
| Erica L. Plaetz | $4,000 |
| Steve Prokosch | $3,730 |
| The Vintage INN Bed & Breakfast | $3,600 |
| Rhonda Mace | $3,360 |
| Randall Malecek | $3,197 |
| Ann Willemssen | $3,000 |
| Ricky Dean Siegfried | $2,900 |
| Ripka Machining, Inc. | $2,700 |
| Abby Lea Smith | $2,692 |
| Goblirsch Farms, Inc. | $2,500 |
| Twin Maple Farms, Inc. | $2,500 |
| Barb's Hair Studio, Inc. | $2,500 |
| River Ridge Farms, Inc. | $2,500 |
| Southwestern Haulers, LLC | $2,400 |
| West River Pork, LLC | $2,175 |
| Dallenbach Construction, LLC | $2,100 |
| Central Pointe, Inc. | $2,100 |
| Redwood Falls Assembly of God | $1,700 |
| Jan Raddatz | $1,500 |
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