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 56293
| Name of Borrower | Current Approved Amount |
|---|---|
| Jonti-Craft, Inc. | $1,743,500 |
| Ceec, Inc. | $307,100 |
| Wabasso Operations, LLC | $275,100 |
| Church of St. Anne & School | $109,775 |
| Serenity Suites Senior Living Wabasso | $63,100 |
| Jeff Heiling Construction, Inc. | $42,027 |
| Jenniges Gas & Diesel, Inc. | $39,595 |
| Thomas Johanneck | $34,585 |
| Baune Plumbing & Heating, Inc. | $32,163 |
| Goblirsch Dairy, LLC | $27,275 |
| Salfer Welding & Manufacturing | $26,217 |
| Midwest Training Association | $25,875 |
| Mertens Farms | $24,600 |
| Wabasso Fuel Injection, Inc. | $23,795 |
| Salfer's Food Center, Inc. | $23,465 |
| Daniel Salfer | $22,413 |
| Kevin Bock | $22,083 |
| James Zollner | $20,833 |
| Kevin Eisenmenger | $20,833 |
| Curt Mathiowetz | $20,833 |
| David R. Eis | $20,832 |
| Plaetz Farms, Inc. | $20,608 |
| Bulk Seed Systems, Inc. | $19,400 |
| Brian Maertens | $19,032 |
| Redwood Central Lutheran Parish | $18,283 |
| Curtis Trost Farming, Inc. | $17,353 |
| Mid County Agent Services, LLC | $15,900 |
| Craig James Johanneck | $15,703 |
| Ruprecht Meat Market | $15,550 |
| Plaetz Dairy, Inc. | $14,500 |
| D & R Trucking of Wabassso, Inc. | $14,293 |
| Timothy J. Johanneck | $12,100 |
| Novak Law | $12,044 |
| G3 Quad Freestyle, Inc. | $11,190 |
| Todd T. Altermatt | $10,173 |
| David Remiger | $9,717 |
| James Schilling | $9,698 |
| Michael Zimmerli | $9,247 |
| Dale Mathiowetz | $8,112 |
| Schoer Farms, LLC | $8,000 |
| Stanley Rohlik | $7,985 |
| Tim Goblirsch | $7,837 |
| Greg Guetter | $7,617 |
| Randy Zollner | $7,473 |
| Cole T. Altermatt | $7,213 |
| Meat Mafia, Inc. | $7,083 |
| Froehlich Farms, LLC | $6,807 |
| Cole Guetter | $6,792 |
| Justin Morin | $6,589 |
| Dan Guetter Design, LLC | $6,500 |
| Gentle Hands Grooming | $6,100 |
| Adam Guetter | $5,836 |
| Watkins Salvage, Inc. | $5,758 |
| Rodney J. Salfer | $5,677 |
| Clear Creek Cabinetry | $5,577 |
| Kuehn Trucking, Inc. | $4,800 |
| Tiffany Eichten | $4,570 |
| John Remiger | $4,318 |
| ANB Farms, Inc. | $4,100 |
| Mark Guetter | $3,937 |
| Karl Guetter | $3,650 |
| Bethany Lutheran Church | $3,243 |
| Kenneth Ebnet | $3,227 |
| J & D Knott Farms, Inc. | $3,149 |
| Charlotte Albu | $2,913 |
| Todd Kuehn | $2,764 |
| Glen Schroepfer | $2,732 |
| Lindeman Farms, Inc. | $2,707 |
| Sherry UBL Family Child Care | $2,684 |
| Wabasso Electric Motor, LLC | $2,400 |
| Mark Wagner | $2,400 |
| Hoffmann Trucking, LLC | $1,773 |
| Deem, Inc. | $1,765 |
| Mike Fischer | $1,391 |
| Louis Guetter | $954 |
| Christopher Guetter | $652 |
| Brooklyn Waknitz | $620 |
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