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Saturday, November 2, 2024

PPP loans: 24 loans in 2020 in ZIP Code 58448

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There were 24 PPP loans provided to small businesses in 2020 in ZIP Code 58448, 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 58448

Name of BorrowerCurrent Approved Amount
Haugen Farms, JV$80,485
S & C Precision Farms$40,657
Daniel Larson$25,970
Garrett Heyerdahl$21,462
JD Larson Consulting, LLC$20,832
Patrick Larson$18,742
General Grain Cleaning Company$17,200
Northern Plains Petroleum$12,500
Brian D. Haugen & Lu Haugen$12,474
Eugene Gronneberg$11,204
Dennis Haugen Farms$11,078
Marla Larson$10,667
Kevin W. Muncy$10,417
Jill Larson$9,417
Joshua A. Johnson$8,822
Stri-King Lanes, Inc.$8,165
Skjeret Harvesting$6,780
Klubben Excavating, Inc.$6,510
Dustin Amann$6,400
Dramstad Construction$5,700
Mark J. Haugen$5,667
Aubrey R. Rondestvedt$3,375
Nicholas K. Muncy$2,959
Haugen Cattle Company$1,675

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