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 |
|---|---|
| Meeker Washed Sand and Gravel, Inc. | $143,070 |
| Ileaseworks, LLC | $73,285 |
| Matheson Custom Masonry, Inc. | $54,647 |
| B&M Painting/cleaning | $40,052 |
| B&M Painting/cleaning | $36,940 |
| Andrew Smith | $26,283 |
| Janet Betker | $24,010 |
| Carlson Brothers of Darwin | $23,514 |
| Tom Beckman Electric, Inc. | $21,600 |
| Abel West | $20,833 |
| Michelle Fjelstad | $20,833 |
| Russell Ratike | $20,833 |
| Corey Cervin | $20,833 |
| Dean Wallmow | $20,833 |
| Chris Polzin | $20,833 |
| Andrew Ulrich | $20,833 |
| Michael Pollock | $20,833 |
| Douglas Huhn | $20,833 |
| Gary Cervin | $20,833 |
| Debra Gabrielson | $20,833 |
| Steven Smith | $20,833 |
| Debra Gabrielson | $20,833 |
| Leslieanne Polzin | $20,833 |
| Steven Smith | $20,833 |
| Wold Fabrication, LLC | $20,833 |
| Magnum Marketing, L. L. C. | $20,833 |
| Andrew Ulrich | $20,833 |
| Michael Pollock | $20,833 |
| Russell Ratike | $20,833 |
| Steven Money | $20,832 |
| Kenneth Porth | $17,554 |
| Beth Holm | $16,964 |
| Point Cloud, LLC | $16,470 |
| Jon Edwards | $15,510 |
| Prieve Landscaping & Lawn Care, Inc. | $15,000 |
| Dylan Terning | $13,047 |
| Dylan Terning | $13,047 |
| James Swisher | $10,900 |
| Beth Holm | $10,330 |
| Danielle Johnson | $9,900 |
| Donald Huhn | $9,256 |
| S&P Ahlgren Farms, Inc. | $8,971 |
| Scott Hoff | $7,759 |
| Lori Fank | $7,692 |
| Ahlgren Brothers, Inc. | $6,354 |
| Narducci Hair Design, LLC | $6,210 |
| Sue Ahlgren | $6,031 |
| Scott Hoff | $6,026 |
| Maggie Johnson | $5,795 |
| Jennifer Money | $5,390 |
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