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Saturday, November 2, 2024

37 PPP loans provided to small businesses in ZIP Code 58352 in 2020

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There were 37 PPP loans provided to small businesses in 2020 in ZIP Code 58352, 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 58352

Name of BorrowerCurrent Approved Amount
Munich Elevator & Oil Company$80,100
Northland Insurance, Inc.$55,200
Dick's Seed, LLC$49,767
Wirth Brothers$40,213
Jeffrey Dean Westphal$29,561
Andrew Haaven$25,000
Riley Beck$20,833
Jason Wirth$20,833
Galen Fetsch$20,833
Kevin Dawley Farm$20,833
Terry Haglin$20,833
Dilan Peebles$20,832
Mitchell Kreklau$20,832
Kraft Harvesting$19,434
James Schommer$18,957
Delwyn Hoffman$18,760
Patrick Hall$16,452
Craig Schommer$16,332
Jorden McArthur$13,540
Bradley J. Bittner$13,018
Jonathan Wirth$11,600
James Hooge$11,125
Mark Ratzlaff$11,000
Ryan Eisenzimmer Trucking, LLC$10,802
Adam Wirth$10,686
Eric McArthur$10,537
Revered Builders, LLC$10,100
Rebecca Ratzlaff$9,400
Christopher Beck$8,774
St. Mary's Church of Munich$7,600
Muellenberg Harvesting$7,160
Jesse Goeser$5,700
Mitchell Wirth$5,169
Brian Goeser$5,082
Munich Community Improvement Group, Inc.$3,750
Alan Goeser$3,700
Dwight Tohm$3,584

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