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Thursday, November 14, 2024

ZIP Code 57385: 32 PPP loans provided to small businesses in 2020

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There were 32 PPP loans provided to small businesses in 2020 in ZIP Code 57385, according to the US Small Business Administration.

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 57385

Name of BorrowerCurrent Approved Amount
Selland Livestock, Inc.$167,800
Dak Pak, LLC$157,705
Prohaul, LLC$148,400
Evers Excavation, LLC$63,300
Express Stop, LLC$59,180
Todd O. Brueske$57,495
Swenson Brothers, LLC$53,700
GKO Partnership$41,500
Baysinger Honey Farm, LLC$40,000
A & K Construction, LLC$37,500
Westendorf Electric, LLC$34,400
Tailored to YOU, Professional, LLC$33,100
Feistner Gravel & Excavation$27,500
Brooks Construction, Inc.$27,000
Skeeters Bar and Grill$24,533
Schmiedt Enterprises, Inc.$21,615
Basham Funeral Services, Inc.$21,392
John A. Olinger$20,900
Kent Swenson$20,833
David Swenson$20,833
Cory G. Feistner$18,000
DB Electric, Inc.$15,000
Local Lumber & Supply, Inc.$14,100
Gary Eddy$9,847
Woonsocket Webers, LLC$8,658
Lonnie Kuper$6,600
Feistner's Hunting & Guide Service$5,300
Spirit of Faith Lutheran Methodist Church$5,233
Preston Moody$4,000
Kevin J. Baysinger$2,750
Rustic Razor$1,825
Double D Body Shop$1,109

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