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 58278
| Name of Borrower | Current Approved Amount |
|---|---|
| Thompson Farmers Company-Op Elevator Company | $228,400 |
| Garon Corporation | $161,800 |
| Northern Tier Seed Company, LLC | $119,000 |
| Galegher Farms, Inc. | $83,965 |
| Loyland Farms, Inc. | $79,400 |
| Sticky Construction, Inc. | $78,300 |
| Sannes Farms, Ltd. | $46,700 |
| Bohlman Trenching Service, Inc. | $35,400 |
| Todd Williams Construction, LLC | $33,311 |
| Hovet Roofing, Inc. | $31,800 |
| Bill Weber & Son Farms | $31,100 |
| Omlid Farms | $31,000 |
| Timothy J. Myron | $29,100 |
| Kelly Grotte | $28,600 |
| Charles B. Nelson | $28,312 |
| S & T Quick Stop, Inc. | $25,600 |
| Mathiason Farms, Inc. | $25,000 |
| Thompson Grain, Inc. | $24,200 |
| Hjelmstad Insurance Agency, Inc. | $24,200 |
| Andrew M. Grotte | $23,600 |
| R. L Schumacher, Inc. | $22,000 |
| St. Matthews Lutheran Church | $21,600 |
| Gerald Kjorvestad | $21,300 |
| Duane Norby | $20,832 |
| Jeffrey M. Eliason | $20,800 |
| Galegher Family Partnership | $20,445 |
| Jason E. Conrad | $20,200 |
| Hillesland Trucking Company | $20,000 |
| Jesse Kadrmas | $19,469 |
| Johnson Lawn Service, Inc. | $19,200 |
| Michael Lee | $18,300 |
| Bill Weber Farm, Inc. | $16,400 |
| 32 Degrees Productions, LLC | $16,300 |
| Paula Monette | $16,300 |
| Northern Estate Group, LLC | $15,800 |
| Brent D. Majkrzak | $15,500 |
| Steven Staveteig | $14,800 |
| Donny Ackerman | $14,700 |
| Farmers Oil Company | $14,500 |
| Home Therapy Solutions, LLC | $14,300 |
| Fourth and Pacific, LLC | $14,220 |
| Hoh Grain & Bean Cleaning, Inc. | $10,300 |
| Richard Staveteig | $9,200 |
| Rah, Inc. | $9,100 |
| Nasasha Hruska | $8,700 |
| Sonni's Specialties | $8,333 |
| Carson Therapeutics, LLC | $8,097 |
| Eric Derry | $8,000 |
| Stenvold Agent Service, LLC | $7,800 |
| AA Auto Body, Auto Repairs, & Sales, LLC | $7,100 |
| Mandolin Marcelin | $5,800 |
| Lindsey Bohlman | $3,800 |
| Junelle Hjelmstad | $3,500 |
| Rose Thompson | $2,900 |
| Northern Dental Staffing Services, LLC | $1,800 |
| Ruthann Halvorson | $1,600 |
| All Embracing Home Care | $1,118 |
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