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 57479
| Name of Borrower | Current Approved Amount |
|---|---|
| LB Insurance, Inc. | $103,380 |
| Larry Braun Family Farms, Inc. | $71,400 |
| Braun Joint Venture | $53,543 |
| Samuel Braun | $41,665 |
| Karlen Electric, Inc. | $37,574 |
| James Young | $31,410 |
| Phillip Shanley | $26,690 |
| Gerald Braun Management, Inc. | $26,360 |
| Lynn Bierman Trucking | $20,825 |
| Jesse Young | $20,809 |
| Scott Wagner Trucking | $20,800 |
| Chad Fischbach | $15,928 |
| Ryckman Farms, Inc. | $15,694 |
| Warner Bar and Grill, LLC | $15,560 |
| Carl's Cycle Supply | $15,538 |
| Heilman Farming, Inc. | $15,097 |
| SLS Farrm | $15,013 |
| St. John Lutheran Church | $12,405 |
| Erin's Daycare | $12,400 |
| Braun Farms, Inc. | $11,998 |
| Dykman Construction, LLC | $11,900 |
| Ryckman Insurance Group, Inc. | $11,250 |
| Little Wonders PRE School | $10,828 |
| NJ Braun Farms | $9,653 |
| Lyndell, LLC | $9,132 |
| Deuce Farms, Inc. | $9,055 |
| Gander, LLC | $8,583 |
| W & J Young Farms | $8,530 |
| Cody Bruns | $8,490 |
| Binger Building Company | $8,415 |
| Wade Young Farm | $8,410 |
| Jodene Young Farm | $8,410 |
| A&J Distributing | $8,215 |
| Hofer's Repair | $7,238 |
| Casey Nilsson | $7,004 |
| Roberts Stroh, LLP | $6,893 |
| South Shore, Inc. | $6,200 |
| Greg Fischbach | $5,793 |
| Thomas Fischbach | $5,010 |
| Pro Concrete Raising | $3,000 |
| Natural Dakota, LLC | $2,250 |
| Manda Thorpe | $1,144 |
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