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 57430
| Name of Borrower | Current Approved Amount |
|---|---|
| Full Circle Agent | $1,233,800 |
| Marshall County Memorial Hospital | $884,500 |
| Rapid Precision Manufact, Inc. | $308,000 |
| Holland Bros. Oil Company | $199,400 |
| Intellifarms Northern Division, Inc. | $125,700 |
| Davidson Plumbing & Heating Company | $111,900 |
| Cynthia J. Bremmon | $78,000 |
| Troy Dahme Trucking, LLC | $71,600 |
| Carlson Crushing and Excavating, LLC | $65,900 |
| Z-Company Farms | $62,700 |
| Moeckly Elevator, Inc. | $59,500 |
| Maxwell Electric, LLC | $57,000 |
| Pleasant Valley Agent, Inc. | $55,530 |
| Mike's Heating & Cooling, Inc. | $55,000 |
| CDJ Electric Plumbing Heating, Inc. | $51,000 |
| Micko Chiropractic, P.C. | $45,700 |
| Britton Country Club | $43,700 |
| Bush Angus | $38,300 |
| John Clark Fisher | $38,000 |
| Werner Automotive, LLC | $37,700 |
| Britton Investments, LLP | $36,400 |
| R and a Tank, GP | $36,300 |
| Law Office of Danny R Smeins, PC | $35,800 |
| Quarve Drug Company | $35,500 |
| Marshall Post #3507 Veterans of Foreign Wars of the United S | $34,000 |
| Industrial Cleaning Services, Inc. | $33,010 |
| Dakota Concrete, Inc. | $31,400 |
| Charles K Rabenberg & Son, Inc. | $29,500 |
| Meyer Plumbing, Heating and El | $29,000 |
| Southside Equipment, Inc. | $25,500 |
| Bj's Agronomic Services, Inc. | $25,500 |
| First Lutheran Church | $24,500 |
| Stenvold Construction, LLC | $21,500 |
| Tyler Stiegelmeier | $20,833 |
| Leonard Alberts | $20,833 |
| Kim Stiegelmeier | $20,833 |
| Michael Atkinson | $20,800 |
| Tim Zuehlke | $20,800 |
| Jason Bender | $20,800 |
| Waverly Grain & Livestock, LLC | $20,500 |
| C & W Transfer, LLC | $20,128 |
| Glen Aldentaler | $17,175 |
| David Beck Plumbing and Service, LLC | $16,400 |
| Hillcrest Farms, LLP | $16,200 |
| David Seibel | $16,000 |
| Dakota Agent Service, Inc. | $15,700 |
| Ryan Likness Agency, Inc. | $15,100 |
| James Peters | $15,000 |
| Flowers by Anita Snappers DRY Bean | $14,500 |
| Subway of Britton, LLC | $14,313 |
| HH Design | $14,300 |
| Vold Auctioneers & Realty, Inc. | $14,300 |
| Price Funeral Chapel, Inc. | $13,908 |
| L R Kree Mee, LLC | $13,600 |
| St. Johns Evangelical Lutheran Church of Britton, South Dakot | $13,400 |
| Stiegelmeier Spraying, LLC | $13,350 |
| Karen Roehr Daycare and Preschool | $12,900 |
| Bolt Marketing, LLC | $12,700 |
| Bosse State Line Farms | $12,000 |
| Cornerstone Bible Church | $11,885 |
| Dennis Didreckson | $11,300 |
| Greenmyer Appliance and Refrigeration | $11,100 |
| Bremmon Farms | $10,938 |
| Renald Tank Farms, Inc. | $10,900 |
| Romar Farms, Inc. | $10,400 |
| Joseph Krista | $10,000 |
| Curtis Foster | $10,000 |
| Dizzy Blondz Banners and Jewelry | $9,200 |
| Bender Farms, Inc. | $8,700 |
| Hockenbrock Construction, LLC | $8,600 |
| Bumblebee Daycare | $8,500 |
| Little Sprouts Daycare | $8,100 |
| Lee Farms, Inc. | $7,500 |
| Gary Zuehlke Feedlot, Inc. | $7,500 |
| JP Concrete, LLC | $7,400 |
| Matt Sundin Carpentry | $6,500 |
| Smith Haygrinding, LLC | $6,200 |
| DC Tree Service | $6,065 |
| Ultimate Health Chiropractic Professional, LLC | $5,800 |
| George Kann | $5,300 |
| Meranda Buer | $5,200 |
| Crow Creek Ranch, LLC | $5,000 |
| Rs Construction | $4,800 |
| Brandon Rasmussen | $4,700 |
| Russell Buisker | $4,600 |
| Doug Henley | $4,600 |
| Sos Tire | $4,600 |
| T&N Stieglemeier Farms, LLC | $3,778 |
| Coteau Seeds, LLC | $3,750 |
| Heidi E. Eimers | $3,500 |
| James Eye | $3,450 |
| Angie Wurst | $3,400 |
| Janelle Swanson | $2,900 |
| Cups, LLC | $2,700 |
| Soothing Touch Massage | $2,600 |
| Holly's Cleaning | $2,500 |
| Janae Buer | $2,400 |
| Tyra Gefroh | $2,400 |
| Douglas Bremmon | $2,100 |
| Torrey L. Jones | $1,800 |
| Elaine Steen | $1,800 |
| Michael Buisker | $1,700 |
| Kyle's Repairs, LLC | $1,600 |
| Jacob Heitmann | $1,100 |
| Michael C. Smith | $800 |
| Lana Schott | $800 |
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