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 |
|---|---|
| S. T. Cotter Turbine Services | $2,000,000 |
| CTP, Inc. | $1,531,900 |
| SMA, LLC | $815,453 |
| Bronson Electric, Inc. | $248,035 |
| JP Motors, Inc. | $237,150 |
| Fournier Trucking, Inc. | $219,280 |
| River Road Management, Inc. | $144,400 |
| Henkemeyer Coatings, Inc. | $137,153 |
| Parkway Auto Transport, Inc. | $130,000 |
| Brower Concrete, Inc. | $112,287 |
| Beatty Humphries Post Number 323 Anerican Legion Clearwater | $98,882 |
| Authority Fence & Decks, Inc. | $71,605 |
| Heartland Landscaping, Inc. | $70,090 |
| Kaddi Shack, LLC | $70,000 |
| Able Builders, Inc. | $58,460 |
| Scott Miller | $52,000 |
| Clearwater Tax & Accounting Service, LLC | $39,412 |
| Brothers and One, Inc. | $39,288 |
| Shelter Sales Company, Inc. | $37,385 |
| Jerry's Towing & Repair, Inc. | $36,900 |
| Budget INN Clearwater, LLC | $34,125 |
| Ltwig, Inc. | $30,786 |
| Krista Stier | $29,420 |
| Joleen Sytsma | $28,067 |
| Bassilleann P. A. | $27,652 |
| Sweetman Clearwater, LLC | $27,135 |
| J & J Logistics, Inc. | $27,055 |
| Curtis Weinrich | $23,014 |
| Olson's Campground on Limestone Lake, LLC | $21,079 |
| Bret Anderson | $21,037 |
| Paul Dammann | $20,833 |
| Jeremiah Legatt | $20,833 |
| David A. Potter | $20,833 |
| Bradley Gohmann | $20,833 |
| Nicholas Pramann | $20,833 |
| Jason Kemmetmueller | $20,833 |
| Scott Happe | $20,833 |
| Paul Dammann | $20,833 |
| Joshua Pramann | $20,833 |
| Eileen Aldrich Langbehin | $20,833 |
| Rudy Pramann | $20,833 |
| Patricia Knese | $20,833 |
| Diane Stirling | $20,833 |
| Duane Ley | $20,833 |
| Bradley Gohmann | $20,833 |
| Byron Gehrke | $20,833 |
| Purple Prairie Botanicals, LLC | $20,833 |
| Mid Minnesota Transport, LLC | $20,833 |
| Joel Lauer | $20,833 |
| Jamie Albrecht | $20,833 |
| Byron Gehrke | $20,833 |
| David Mondloch | $20,833 |
| Thomas Maki | $20,832 |
| Kenneth Schwartz | $20,832 |
| Kenneth Schwartz | $20,832 |
| Brent Anderson | $20,832 |
| Robert Arvidson | $20,832 |
| Jamie Albrecht | $20,832 |
| Mary Evanovich | $20,832 |
| Due North Controls, LLC | $20,832 |
| Midwest Grain Bin Supply, LLC | $20,619 |
| Hinkemeyer Wesbur Farms | $19,922 |
| Brittney Telford | $19,677 |
| Jennifer Brown | $18,487 |
| Todd Voigt | $17,122 |
| Cindy Happe | $16,265 |
| Brian Blonigen Floor Covering, LLC | $15,855 |
| Scott Schuldt | $14,341 |
| John Lechner | $14,107 |
| David Phaneuf | $12,562 |
| Apex Services, Inc. | $11,000 |
| Susan Bell | $10,380 |
| Jessie Heberling | $9,962 |
| Beneath the Mantel, LLC | $9,268 |
| Nathan Habiger | $9,225 |
| Randozer Restorations, LLC | $8,811 |
| Mark Dougherty | $8,439 |
| Mike Mooney Trucking, LLC | $8,392 |
| Mary Andrews | $8,164 |
| Brian Blonigen Floorcovering, LLC | $8,052 |
| Clearwater United Methodist Church | $7,894 |
| Angie Bell | $7,891 |
| Dean Croat Contruction, Inc. | $7,500 |
| Jason Kemmetmueller Jr. | $7,290 |
| Robin Johnson | $7,000 |
| Larry Carlson | $6,845 |
| North Star Press of St. Cloud, Inc. | $6,375 |
| Braun Enterprises, LLC | $5,927 |
| Sharon Rassier | $5,545 |
| Legends Construction, LLC | $5,355 |
| Robert Agnew | $5,342 |
| Norlien Fine ART, Inc. | $5,322 |
| David Phaneuf | $5,165 |
| Vernon Wipper | $4,964 |
| Scott Schuldt | $4,045 |
| Jennifer Jacobson | $3,640 |
| Amy Voigt | $3,387 |
| Kevin Wittrock | $3,306 |
| Steam N. Clean Mobile Wash | $3,138 |
| William Moll | $2,927 |
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