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Friday, November 1, 2024

24 PPP loans provided to small businesses in 2020 in ZIP Code 58330

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There were 24 PPP loans provided to small businesses in 2020 in ZIP Code 58330, according to the US Small Business Administration.

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 58330

Name of BorrowerCurrent Approved Amount
Brekke Aviation, Inc.$68,300
Edmore Memorial Rest Home$45,600
Ivesdal Farms$41,665
Winston Johnson$30,848
Scot & Pamela Brekke$27,472
A & C Berg and Sons$27,170
Randy Helle$24,333
Terry Olson$22,510
Donald T. Olson$20,833
Ryan S and Melissa L Brekke$20,833
Dylan Johnson$18,695
Tri-Parish Elca$18,000
Travis Hermanson$17,800
Corwin Rice$8,000
Lloyd Sanderson$7,000
Scott Diseth$6,425
Landsem Farms$4,900
Richard Knoke$4,645
Adventurous Darling Botique$4,388
Joseph Pesek$4,000
Paul Aslakson$3,400
Landon Rice$2,985
Curtis Ladsem$2,900
Coral A. Berg$2,815

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