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 57469
| Name of Borrower | Current Approved Amount |
|---|---|
| City of Redfield | $1,503,708 |
| Rude Transportation Company, Inc. | $1,026,210 |
| Redfield Energy, LLC | $855,222 |
| Eastern Star Home of South Dakota | $428,015 |
| Harr's Redfield Ford, LLC | $128,800 |
| B & L Food Pride | $122,478 |
| Gillette Law Office, PC | $114,000 |
| Miller Drug, Inc. | $112,302 |
| Precision Soil Management, LLC | $104,991 |
| Dakota Directional, LLC | $101,255 |
| Appel Oil Company | $99,687 |
| Haider Construction, Inc. | $95,127 |
| Spink Dairy Queen, Inc. | $77,367 |
| Jessen Heating & Refrigeration | $65,454 |
| Pheasant Country Express, Inc. | $62,475 |
| Johnson Oil Company of Redfield, Inc. | $60,936 |
| Spink County Animal Center | $60,634 |
| Esser Farms, Inc. | $58,500 |
| Red ASH Repair | $51,012 |
| 281 Transport, LLC | $50,900 |
| Leo's Good Food, Inc. | $49,276 |
| Clay Yeoman, D.D.S. | $48,600 |
| Kimlicka Construction, Inc. | $44,277 |
| Redfield Investment Services, Inc. | $42,992 |
| Spink County Abstract and Title Insurance Company, Inc. | $39,980 |
| Lakeside Assisted Living | $37,676 |
| Odland Construction, Inc. | $37,500 |
| Clausen Sanitation, Inc. | $36,462 |
| Odland Gravel, LLC | $36,250 |
| Anderson Management | $32,912 |
| Carpets Plus | $31,502 |
| Hyke Funeral Service | $31,109 |
| Farmer's Meat Processing, Inc. | $30,602 |
| St. Roosters | $29,148 |
| Spink County Farm and Hardware | $28,300 |
| Chuck's Body Shop, LLC | $27,500 |
| Klebsch Farms, Inc. | $27,488 |
| Reese Richard Wagner | $26,413 |
| KB, Inc. | $25,200 |
| Dustin Schmidt | $24,825 |
| AMC Huron Company, Inc. | $23,198 |
| George Schade | $22,600 |
| Our Saviors Lutheran Church Redfield | $21,635 |
| Landon Schade | $21,547 |
| Jay Esser | $21,500 |
| Jerad Jungwirth | $20,833 |
| Bowar Farm | $20,833 |
| Dan Esser | $20,800 |
| Jerry Oligmueller | $20,800 |
| St. Bernard Parish of Spink County | $19,912 |
| Koester Farms, Inc. | $19,800 |
| Paul M. Lemmer | $19,398 |
| Agvisors, LLC | $18,900 |
| Frankenstein Farm, Inc. | $18,745 |
| Lutter Realty | $18,500 |
| Cody Stoner | $17,551 |
| Messiah Evangelical Lutheran Church of Redfield | $17,277 |
| Rick Klapperich State Farm, Inc. | $17,169 |
| Masat Cattle Company, LLC | $15,000 |
| Chrystals, LLC | $15,000 |
| Starter's Lanes & Sports Lounge | $13,890 |
| Midwest Trucking | $13,323 |
| United Methodist Church, Redfield SD | $12,690 |
| Rex Binger | $12,400 |
| Matthew K. Weller | $11,362 |
| Ford Trucking | $11,250 |
| Dan and Development, LLC | $11,178 |
| Turck Exteriors | $11,112 |
| Marlow, Inc. | $10,633 |
| Bi-Rite Liquors, Inc. | $10,400 |
| Maher Farms | $10,278 |
| Farmen's Mosquito Control | $9,737 |
| Lazy R Bar Express, LLC | $9,062 |
| Blume Seeds, Inc. | $8,750 |
| Masat, Inc. | $8,740 |
| Simply Charming, LLC | $8,547 |
| Dickhaut Seed & Service, Inc. | $8,100 |
| Dufftransport, LLC | $8,047 |
| Carr Towing/construction | $7,571 |
| Kenneth Blume | $7,000 |
| Schade Farms, Inc. | $6,300 |
| L&K Farms, Inc. | $6,300 |
| Country Classics Floral Shoppe and Greenhouse | $6,290 |
| Richard Jackson | $6,276 |
| Anderson Enterprises, Inc. | $5,818 |
| Marlow Farms, Inc. | $5,714 |
| Shawn Koester Trucking, LLC | $5,500 |
| CMH Insurance & Bookeeping Services | $5,309 |
| Lil Darlings Daycare | $5,258 |
| Stephenson Construction Incorporated | $5,120 |
| Ellen Kay Marshall | $4,879 |
| Jeana Huizenga | $4,484 |
| Toni Glass Daycare | $4,129 |
| Dakota Spray Foam Insulators, LLC | $3,783 |
| Pheasant City Drive in, LLC | $3,688 |
| Lee Trucking | $3,605 |
| Purcell Construction | $3,528 |
| Michel and Betty Brink Farm | $3,409 |
| Greg Houghtaling | $3,138 |
| Tony Watson | $2,925 |
| Parish E. Mechling | $2,505 |
| Hair By Jess | $2,176 |
| Virgene Samelson | $2,015 |
| Siebrecht Farms, Inc. | $1,924 |
| Tyler Burton | $1,900 |
| Jandel's Bookkeeping | $1,800 |
| Alyee Weerheim | $1,360 |
| Jane Keller | $1,218 |
| Transports | $1,215 |
| Doyle Harms | $1,200 |
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