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 |
|---|---|
| MJE, LLC | $1,740,600 |
| Bethel Home, Inc. | $565,100 |
| Hy-Plains Feedyard, LLC | $367,900 |
| MJE Livestock Equipment, LLC | $232,000 |
| Country Feeds Company | $227,300 |
| Farming Solutions Partners, LLC | $125,700 |
| Frank's Plumbing, Inc. | $112,787 |
| Teichroeb Construction, LLC | $80,618 |
| ENSZ Brothers Harvesting Company | $71,150 |
| Gray County Disposal Service Company | $62,000 |
| Meadowlarc Welding, Inc. | $59,200 |
| Bethel Home Health Care, Inc. | $57,700 |
| ENSZ Accounting, Inc. | $57,000 |
| Lyle and Ramona Rhodes, LLC | $55,509 |
| Smith Oil and Tire, LLC | $44,900 |
| Stanley Construction, Inc. | $44,600 |
| Love & Love Farms | $35,300 |
| Triple D Contracting | $29,100 |
| Phil's Floor Care Specialist | $28,600 |
| Reed Farms, Inc. | $25,200 |
| Hoover Quality Construction, LLC | $24,800 |
| Lonnie R. Schmidt | $22,300 |
| Koehn Farms, Inc. | $21,934 |
| Vic Thomas, Inc. | $21,000 |
| Roy D. Koehn | $20,991 |
| Travis Isaac | $20,833 |
| Brent L. Koehn | $20,800 |
| Brandon Unruh | $20,800 |
| Jacob Klassen | $20,800 |
| Danny Koehn Farm | $20,398 |
| Ronald Martens | $20,200 |
| David Peters | $19,572 |
| Tyson Good | $19,547 |
| Bryce and Stacy Dirks Farms | $19,000 |
| Dynamic PT, LLC | $18,500 |
| Craig Bradley Koehn | $17,942 |
| Southwest Fuel, Inc. | $17,600 |
| Clark Jantz | $17,300 |
| Jared Toews | $17,200 |
| Orville L. Williams | $17,100 |
| Agent Alert, Inc. | $17,003 |
| Full Circle Irrigation, LLC | $16,670 |
| Mendoza Trucking And Racing | $16,638 |
| Robbie Yost | $16,301 |
| Goossen Agent, Inc. | $15,600 |
| J-R Trucking | $14,470 |
| Montezuma Drug, LLC | $14,100 |
| Briscoe Farms, Inc. | $13,658 |
| Gildardo Cervantes | $13,508 |
| Charles Koehn | $13,000 |
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