The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Norwood Sales, Inc. | $2,119,100 |
| Midwest Ironworks, LLC | $1,234,200 |
| Praire Scale Systems, Inc. | $330,400 |
| All-American Plumbing & Heating, Inc. | $317,700 |
| Oxbow Golf & Country Club | $316,291 |
| Galaxy Glass and Caulking | $185,000 |
| MPM Enterprises | $142,000 |
| Maple Family Dental, P.C. | $131,100 |
| Score Brothers Construction | $124,200 |
| Aj Construction, Inc. | $109,400 |
| Red River Drywall, Inc. | $105,700 |
| Heartland Excavating, LLC | $101,000 |
| The Power Connection Electrical Contractors, LLC | $100,400 |
| True Craft Properties | $87,500 |
| Kidventures Child Care & Preschool, Inc. | $77,700 |
| Little Tykes Daycare and Learning C, Inc. | $73,000 |
| Cougar Tree Care, Inc. | $71,300 |
| Farm Rescue | $61,200 |
| Mueller Farms | $57,900 |
| A & L Landscaping, Inc. | $55,000 |
| Horace Lutheran Congregation | $54,600 |
| Prairie Design Studio, Ltd. | $52,300 |
| Bernath Construction, Inc. | $46,800 |
| Carpco, Inc. | $46,400 |
| Mama Ducks Cleaning Service, LLC | $43,500 |
| My Turn Play Systems, Inc. | $36,200 |
| Leveraged Liquidity, LLC | $35,500 |
| The Shooting Park of Horace, LLC | $33,800 |
| ZM Solutions, LLC | $32,700 |
| Tami Vigen, Inc. | $32,300 |
| DMS Enterprises, LLC | $32,200 |
| St. Benedict's Church of Wild Rice | $30,700 |
| Laura Lynn Tallakson | $28,200 |
| Alyssa Thorson Holdings, LLC | $28,000 |
| Jason Kub | $27,118 |
| PM Agent Sources, Inc. | $26,725 |
| Patrice McCann Koerselman | $25,100 |
| Dennis Holmen | $24,633 |
| Evan Holmen | $24,632 |
| Sprinter, Inc. | $24,500 |
| Horace Chiropractic, PC | $20,930 |
| Jordan Pederson | $20,833 |
| Empire Feed, LLC | $20,833 |
| Jay Soderholm | $20,832 |
| Hollie Kietzer Real Estate, Inc. | $20,800 |
| Stormon Dental Laboratory, LLC | $20,800 |
| Sean Evenson | $20,800 |
| Scott Beaton | $20,800 |
| Van DE Lay Industries, Inc. | $20,800 |
| Valley Construction & Remodeling, Inc. | $19,287 |
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