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 57445
| Name of Borrower | Current Approved Amount |
|---|---|
| Groton Ford, LLC | $154,200 |
| Groton Veterinary Clinic, PA. | $146,500 |
| Groton Agent Partners, Inc. | $107,500 |
| Steve N. Simon | $89,500 |
| Lance Fliehs | $82,400 |
| Locke Electric, Inc. | $80,800 |
| Kolker Law Office | $64,400 |
| R&F Enterprises, LLC | $62,900 |
| Kingdom Kreamery, Inc. | $61,813 |
| Marc A. Sippel | $56,819 |
| Samms, Inc. | $56,612 |
| LW Sales, Inc. | $54,152 |
| S&S Lumber Company | $54,100 |
| Lori's Pharmacy | $48,650 |
| Spanier Harvesting, LLC | $47,500 |
| Professional Management Services, LLC | $45,230 |
| Rix Farms, Inc. | $44,700 |
| Spanier Trucking, LLC | $44,400 |
| Abeln Farm, Inc. | $42,657 |
| Pharis Farms, Inc. | $42,500 |
| Mj's Sinclair | $38,900 |
| H&H Fliehs General Partnership | $38,600 |
| Clint Jacobson | $37,900 |
| New Deal Tire, LLC | $37,000 |
| Krueger Bros Grave & Dirt | $36,000 |
| Bierman Farm Service, LLC | $35,300 |
| Dale Faulhaber | $32,600 |
| Weber Landscaping, Inc. | $31,300 |
| Jay Johnson | $29,278 |
| Douglas Stange | $28,332 |
| Jeff Fliehs | $26,334 |
| Mike-N-Jo's Body-N-Glass | $24,981 |
| Krueger Bros. | $24,200 |
| Gengerke Farms, Inc. | $24,000 |
| AL Shar Holsteins, Inc. | $22,991 |
| Walter Grain Farm, Inc. | $22,763 |
| Allied Climate Professionals, LLC | $22,272 |
| Northern Plains Consulting, LLC | $22,200 |
| Chad Pray | $20,832 |
| Robbin Green | $20,832 |
| Robert Pray | $20,832 |
| Shawn Gengerke | $20,800 |
| Jerry R. Johnson | $20,800 |
| Charles Dirks | $20,800 |
| Chad Oliver | $20,800 |
| Daly Brothers | $20,800 |
| Thomas M. Paepke | $20,800 |
| Bret Fliehs | $20,800 |
| Matthew L. Oswald | $20,197 |
| R&M Farms | $20,000 |
| Craig Sternhagen | $19,800 |
| Jerald Johnson | $19,700 |
| St. John's Lutheran Church | $18,607 |
| Doug Abeln Seed Company | $18,522 |
| Lorin Fliehs | $17,500 |
| Olive Grove Golf Course | $17,432 |
| Harms Farms, Inc. | $16,800 |
| Darin Stange | $16,700 |
| Kettering Farms | $16,600 |
| Dakota View Farms | $15,977 |
| Subway of Groton, Inc. | $15,833 |
| Groton Chiropractic Clinic, P.C. | $15,100 |
| Steve Tewksbury | $14,823 |
| Lee Thompson Farms, Inc. | $14,500 |
| Ace Construction, Inc. | $14,300 |
| Loren Locken, Inc. | $13,905 |
| Abeln Trucking, Inc. | $13,849 |
| Thomas Sternhagen | $13,700 |
| Terry Merkel | $13,135 |
| Rebecca Fliehs | $13,100 |
| Douglas Jorgensen | $12,600 |
| Four J Farms, Inc. | $12,507 |
| Frost Construction, Inc. | $12,200 |
| Korey Freudenthal Construction, LLC | $12,199 |
| Grand Slam Computers, Inc. | $12,000 |
| Patios Plus, LLC | $11,800 |
| Jon R Voss Farms, Inc. | $10,700 |
| Matthew Johnson | $10,250 |
| Swishers, Inc. | $10,000 |
| Scott Feller Trucking, LLC | $9,900 |
| Adler Disaster Consulting Services, LLC | $9,800 |
| Cutler Precision Application, LLC | $9,500 |
| Groton American Legion Post No. 39 | $9,300 |
| Darrel's Sinclair | $9,250 |
| Kampa Construction | $8,800 |
| Reif Agent Services, Inc. | $8,400 |
| Leading Edge Industries, Inc. | $8,400 |
| 3T Farms, Inc. | $7,800 |
| Marie Eugenia Strom | $7,100 |
| Erickson Insurance Agency | $6,700 |
| Bahr's Jungle Lanes, LLC | $5,717 |
| Wendy Monson | $5,200 |
| Sippel Cabinets & Construction, Inc. | $5,000 |
| Beautiful Faces, Inc. | $4,547 |
| New Horizon Agent Technician, Inc. | $4,500 |
| Chanise Pray | $4,315 |
| Base Kamp Lodge | $4,200 |
| Thompson Farms, Inc. | $3,900 |
| Samantha's Massage | $3,700 |
| LRK Acres | $2,900 |
| Eastend Farms, Inc. | $2,500 |
| Julie Sandness | $2,300 |
| Bahr Spray Foam | $1,900 |
| Kurth Enterprises | $1,396 |
| Della C. Abeln | $1,262 |
| Diegel Floor Covering, Inc. | $1,250 |
| Red Horse Inn | $1,200 |
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