The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could 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.
PPP loans distributed in 2020 in ZIP Code 68873
| Name of Borrower | Current Approved Amount |
|---|---|
| Howard County Medical Center | $1,418,435 |
| L&M Adventures, Inc. | $219,675 |
| T B K Corporation | $153,973 |
| Bunker Hill Cattle Company | $152,000 |
| Brehm Rexall Drug, Inc. | $144,353 |
| Matelyn Retirement Community | $128,783 |
| St. Paul Veterinary Clinic, P.C. | $107,500 |
| St. Paul Grocery, LLC | $105,047 |
| Christensen Management Services, Inc. | $89,500 |
| Jacobs Oil & Motor Company, Inc. | $66,400 |
| River City Carnival, LLC | $65,600 |
| Wells Plumbing Company, Inc. | $63,096 |
| Advanced Climate Control, Inc. | $61,125 |
| Turek Cattle Company, Inc. | $59,000 |
| Martinsen Vet Clinic | $54,707 |
| U-Betcha Auto, LLC | $49,682 |
| Miretta Vineyards & Winery, Inc. | $48,347 |
| Special Kids Academy, LLC | $47,862 |
| Blase Farms, LLC | $44,170 |
| Smith Welding Shop, Inc. | $43,178 |
| Leslie Bockmann | $41,597 |
| Levanders of St. Paul, LLC | $37,900 |
| Se Smith & Sons Lumber Company of St. Paul NE, Inc. | $37,081 |
| Peters Funeral Home, Inc. | $32,394 |
| Thiels Tire & Auto Repair, Inc. | $31,245 |
| Wroblewski & Gawrych Law Office, LLC | $30,212 |
| St. Paul Cooperative Grain Association | $29,520 |
| Kevin J Reilly, Inc. | $28,575 |
| Office Bar | $26,300 |
| STS Construction, Inc. | $25,310 |
| Grain Makers, Inc. | $25,100 |
| Jared Rasmussen | $24,349 |
| Travis Hedman PT, PC | $24,200 |
| The County Cage, LLC | $24,177 |
| Vogel Auto Repair, LLC | $23,784 |
| Twin Loups Quality Meats, LLC | $23,000 |
| H & H Express, Inc. | $22,649 |
| Paul D. Mueller, CPA, LLC | $22,577 |
| Dixson Farms, Inc. | $21,400 |
| Cornelius Builders, LLC | $20,833 |
| Dean Thede | $20,833 |
| Rightlook Auto Appearance, Inc. | $20,760 |
| Walch Construction, LLC | $20,165 |
| Dicks Repair, Inc. | $20,157 |
| St. Paul Country Club, Inc. | $19,257 |
| DP Farms, LLC | $18,885 |
| Robert Hirschman | $18,782 |
| Boutique 29 Eleven | $18,049 |
| Ye Olde Sweet Shoppe, LLC | $17,420 |
| Anderson Hog Farm, Inc. | $16,500 |
| Bootlegger, Inc. | $15,812 |
| Gentle Hands Home Care, LLC | $15,625 |
| Our Father's Legacy at Jacobsen Greenway Dietz Funeral Home | $15,245 |
| Timmons Trucking Company, LLC | $15,182 |
| United Methodist Church | $15,142 |
| Family Chiropractic Center of St. Paul, Nebraska, PC | $14,700 |
| Jarecke Motors, Inc. | $14,674 |
| Arvilla Jacobs | $14,625 |
| Wayne Contracting, LLC | $13,480 |
| Meyer Realty | $13,182 |
| James R. Krejci | $12,738 |
| Herv's Transmissions, LLC | $12,502 |
| Mathew McCarty | $12,237 |
| STS, Peter and Paul Catholic Church | $12,222 |
| Donald R. Berggren | $11,442 |
| Function Forever Therapies, LLC | $11,250 |
| Christopher Meyer | $10,917 |
| Christ Lutheran Church | $10,235 |
| Blase Trucking, LLC | $10,156 |
| T & N Farm Service, LLC | $9,433 |
| 22 Eagle Ranch, LLC | $9,157 |
| Fireman XP, LLC | $8,535 |
| Sperling, Inc. | $8,332 |
| Meyer Land & Cattle Company, LLC | $8,221 |
| Craig Kuszak | $8,164 |
| Bryan Jensen Clothing | $7,768 |
| Teresa's Floral and Gift | $7,500 |
| Levanders Contractors, LLC | $6,900 |
| Loup Valley Supply | $6,718 |
| At Water Resources, Inc. | $6,500 |
| Dvoracek Title & Business Services, LLC | $6,300 |
| Klinginsmith Farms, LLC | $6,250 |
| Reaper Enterprises, Inc. | $6,000 |
| Spring Creek Agent, Inc. | $5,800 |
| Terry Kosmicki | $4,997 |
| Carrie Kavan | $4,850 |
| Nicholas Busch | $4,500 |
| Sack Brothers & Sons Cattle Company | $4,462 |
| LA Pena Authentic Food, LLC | $4,382 |
| St. Paul Area Chamber of Commerce | $4,049 |
| Bernt's Welding, Inc. | $3,953 |
| Northup Construction | $3,914 |
| Red Carpet Salon | $3,776 |
| Slobaszewski Farms, Inc. | $3,750 |
| Fred Meyer | $3,750 |
| Joshua Rudolf | $2,822 |
| Ty Anderson Farms, Inc. | $2,500 |
| J. Gross Enterprises, LLC | $2,000 |
| John Evers | $1,420 |
| Stephanie Webb | $1,300 |
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