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 |
|---|---|
| Legacy Power Line, Inc. | $627,480 |
| Kern & Tabery, Inc. | $258,900 |
| Bell Hill Recovery Center, Inc. | $227,200 |
| Woodland Dental, Inc. | $214,900 |
| Kern Technologies, LLC | $200,925 |
| People's Express, Inc. | $171,600 |
| Reuter Family Dentistry, P.C. | $150,408 |
| Kellogg Hospitality Group, Inc. | $123,121 |
| Kelderman, Inc. | $122,500 |
| The Rising Phoenix | $110,000 |
| Boondocks Cafe, Inc. | $96,700 |
| Willis Rubber Company, Inc. | $92,297 |
| Wadena Family Dental, P. A. | $83,000 |
| Christopher Okane, D.D.S. | $81,500 |
| Larry's Pizza, Inc. | $77,990 |
| Wadena Eye Clinic, Ltd. | $73,485 |
| Hagen & Hagen, LLC | $61,691 |
| Schuller Funeral Service, Inc. | $60,500 |
| Eric & Emma, LLC | $60,350 |
| Veterans of Foreign Wars Department of MN #3922 | $60,100 |
| Northwest Aqwatek Solution, LLC | $51,000 |
| Four Seas Buffet Wadena, Inc. | $46,185 |
| Mark Stone Construction | $44,000 |
| Kyle Dykhoff, Inc. | $35,708 |
| Eric & Emma, LLC | $35,500 |
| Leeseberg Sweet Treats Bakery, LLC | $33,850 |
| Four Seas Buffet Wadena, Inc. | $32,900 |
| Wadena Asphalt, Inc. | $31,300 |
| Toby Pierce & Associates, Ltd. | $31,034 |
| Hockert's, Inc. | $29,900 |
| Terry Tumberg | $29,400 |
| George Wheeler Jr. | $27,700 |
| Northwest Building Center of Wadena, Inc. | $27,300 |
| The Gores Company | $27,200 |
| Wadena Machining & Welding, LLC | $24,500 |
| H. Brothers, LLP | $22,700 |
| Quality Auto Body & Glass, LLC | $22,200 |
| Torco Power Equipment | $21,500 |
| Jacob Miller | $20,833 |
| Randall Becker | $20,833 |
| Joseph Borntreger | $20,833 |
| William Malone | $20,833 |
| Wayne Shepersky | $20,833 |
| David Lemke | $20,833 |
| Jason C. Bosman | $20,833 |
| Tesch Trucking, LLC | $20,833 |
| Jacob Miller | $20,833 |
| Loran R. Hackler | $20,833 |
| Karen Lien | $20,833 |
| Kerry L. Kuffenkam | $20,833 |
| Chester J. Disselbrett Jr. | $20,833 |
| Bruce Richter | $20,832 |
| Kevin Perius | $20,832 |
| Mark Richter | $20,832 |
| Michael Olson | $20,800 |
| Raymond Putikka | $20,800 |
| Donald Goeden | $20,800 |
| Thomas Schlueter | $20,800 |
| Greg Malone | $20,800 |
| Gordon Huttunen | $20,800 |
| Jeffrey Kincade | $20,800 |
| Ethan Huttunen | $20,800 |
| Steven Kincade | $20,800 |
| Steven Kincade | $20,800 |
| John Malone | $20,800 |
| James Schluttner | $20,800 |
| Strayer Dairy, LLC | $20,800 |
| Adam Peterson | $20,800 |
| Jeffrey Kincade | $20,800 |
| John Lease | $20,800 |
| Daniel Klebs | $20,800 |
| Ronald Walz | $20,800 |
| Alan Tabery | $20,800 |
| Daniel Malone | $20,800 |
| Gary Zeise | $20,800 |
| Jessie Grangruth | $20,800 |
| James Ash | $20,800 |
| Down Home Foods, LLC | $20,478 |
| David L. Sundheim | $20,409 |
| Amanda Peterson | $20,052 |
| Nicole Dovrak | $20,000 |
| Louis Wegscheid | $19,975 |
| Daniel Lawson | $19,850 |
| Anita Stokes | $19,790 |
| Ivan Reinke | $19,500 |
| Dale Schmitz | $19,100 |
| Brian J. Haverinen | $18,958 |
| Chadel Corporation of Wadena | $18,880 |
| Aspen Building and Design, LLC | $18,862 |
| Gary A. Schwartz | $18,852 |
| Bernard Sabinash | $18,200 |
| Bryan Wegscheid | $17,500 |
| William Baker | $16,700 |
| Greiman Silk Screen and Sign | $16,600 |
| Daniel Thompson | $16,500 |
| Sheila Grunst | $16,000 |
| Jeffrey Grunst | $16,000 |
| Gordon Sorenson | $15,750 |
| Patricia Sanders | $15,000 |
| Michelle Kalahar | $14,663 |
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