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 56297
| Name of Borrower | Current Approved Amount |
|---|---|
| D&D Schwerin, Inc. | $174,000 |
| Posen Livestock Company General Partnership | $96,500 |
| Wood Lake Lumber, Inc. | $75,205 |
| Johannes Huntjens | $70,400 |
| Timothy Schlenner | $38,052 |
| Gary Kotek Trucking, Inc. | $38,002 |
| Phinney Farms, Incorporated | $29,245 |
| David Stelter | $26,500 |
| Kvistad Farms, Inc. | $24,400 |
| T&C Schlenner, LLC | $23,520 |
| Paul Kvistad Poultry | $23,200 |
| Michael Hinz | $21,300 |
| Diane Schwerin | $20,832 |
| Imes Insurance Agency, LLC | $19,070 |
| Beer Thirty PM., Inc. | $19,027 |
| St. Johns Lutheran Church | $18,865 |
| Chuck Grieger | $18,021 |
| G and L Repair | $17,910 |
| Helgeson Insurance Agency, Inc. | $17,242 |
| Andrew Kotek Trucking | $15,940 |
| Remiger Dairy, LLC | $12,350 |
| Daniel Neuman | $11,570 |
| Joseph Phinney | $11,550 |
| Edgar Krosch | $9,900 |
| Beth Schwerin | $9,206 |
| Kevin Schwerin | $9,200 |
| Mark Thostenson | $8,621 |
| Justin Nelson | $8,238 |
| Therold Jay Johnson | $7,100 |
| St. Lukes Lutheran Evangelical Church | $6,987 |
| 573 Masonry, LLC | $6,800 |
| Kotek Transportation, LLC | $5,362 |
| Dylan Dubbeldee | $5,100 |
| D&a Lawn Service | $5,000 |
| Schlenner, LLP | $5,000 |
| Michael Kvendru | $4,679 |
| Brovold, Inc. | $3,750 |
| Peter Lavin | $3,300 |
| Gary Raddatz | $3,099 |
| Dean Nething Trucking | $3,000 |
| Kimberly M. Bahn | $2,500 |
| Shelly Bahn | $2,005 |
| Chris Renneke | $2,002 |
| Paul Frank | $1,800 |
| SJ Matthys Farm, LLC | $1,250 |
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