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Saturday, November 2, 2024

ZIP Code 58372: 19 PPP loans provided to small businesses in 2020

Innovation

There were 19 PPP loans provided to small businesses in 2020 in ZIP Code 58372, 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 58372

Name of BorrowerCurrent Approved Amount
Weston Seed House$52,200
Marlin Swanson Farm$29,800
Steven McDonald$29,132
Tiger North Farm$28,200
Martin J. Amble$26,700
Penny Krumwiede$22,215
Allen Kingzett$20,833
Kevin Samuelson$20,832
Chad Haberstroh$20,832
Cathy Samuelson$20,832
Kent Weston$20,800
Roger Amble$20,800
Dale E. Samuelson$17,307
Jason Estenson$16,915
Lyle Samuelson$9,542
Rodney Parvey$9,250
Raymond Samuelson$8,645
Bad Hair Day Solutions$7,250
North Parish Council$4,100

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