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 |
|---|---|
| Lonsdale Packaging | $548,508 |
| Minnesota Milwork & Fixtures, LLC | $539,475 |
| Mindak Commercial Construction, LLC | $482,576 |
| Langhoff Enterprises, Inc. | $351,029 |
| Dispatch Trucking, LLC | $261,677 |
| Telamco, Inc. | $79,320 |
| Food N Fun, Inc. | $65,867 |
| BME Tool, Inc. | $60,042 |
| Londsdale Feed Mill, Inc. | $53,299 |
| Lonsdale Auto Works, Inc. | $48,015 |
| Joe Kodada Construction, Inc. | $46,172 |
| Lonsdale Country Market, Inc. | $45,972 |
| Treaured Spaces, Inc. | $43,702 |
| L. A. Kodada & Sons, Inc. | $28,310 |
| Advanced Resource Manufacturing, Inc. | $27,580 |
| ABG Cubed, LLC | $27,100 |
| Franek Construction, Inc. | $27,022 |
| The Church of the Immaculate Conception | $24,980 |
| James Cihak | $22,207 |
| Aaron's Hardwood Floor Sanding & Installation, LLC | $20,833 |
| Joel Ross | $20,833 |
| Truman Tollefsrud | $20,833 |
| Jacob Gordon | $20,833 |
| Timothy Wolff | $20,833 |
| Joel Ross | $20,833 |
| Timothy Wolff | $20,833 |
| Jason Zuther | $20,833 |
| Steven Vikla | $20,833 |
| Steven Olson | $20,833 |
| John Kalina | $20,833 |
| Anthony Trcka | $20,833 |
| Timothy Schmidt | $20,833 |
| Kalina Farms and Construction, Inc. | $20,833 |
| Anthony Trcka | $20,833 |
| Gary Pumper | $20,833 |
| Danial Nelson | $20,832 |
| Mikra Industries, LLC | $20,832 |
| Peter Ceplecha | $20,832 |
| Jenna Brezina | $20,832 |
| Avidtech Consulting, Inc. | $20,832 |
| Ralph Michel | $20,832 |
| Brian Ceplecha | $20,832 |
| Kalina Farms & Construction, Inc. | $20,832 |
| David Ceplecha | $20,832 |
| Alan Malecha | $20,832 |
| Daniel Coughlin | $20,832 |
| Garrett Tidholm | $18,315 |
| Keith Chlan | $17,243 |
| Krista Hustad | $17,100 |
| Jasmine Mavity | $16,124 |
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