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 54758
| Name of Borrower | Current Approved Amount |
|---|---|
| Sourcecut Industries, Inc. | $883,300 |
| Osseo Ford Sales & Service, Inc. | $555,000 |
| Nels Gunderson Chevrolet, Inc. | $333,800 |
| Osseo Healthcare, LLC | $297,000 |
| Crusts Unlimited, Inc. | $280,160 |
| Osseo Precision Machining, LLC | $263,600 |
| Continental Products Corporation | $240,700 |
| Electric Cleaner Company, Inc. | $203,700 |
| The Osseo Construction Company, LLC | $160,572 |
| Steen Construction of Osseo, Inc. | $128,900 |
| Osseo Subway, Inc. | $127,600 |
| Osseo Plastics & Supply, Inc. | $86,000 |
| Aqua Hills Water, LLC | $74,500 |
| Bilski & French, LLC | $71,400 |
| The Loft Service Center, Inc. | $66,400 |
| C & D Automotive Service & Sales, Inc. | $57,000 |
| Jam of Osseo, Inc. | $48,733 |
| Northwoods Brewing Corporation, LLC | $48,400 |
| Stone Creek Recreational Properties, LLC | $47,300 |
| Osseo Family Restaurant, LLC | $43,600 |
| Jshimoncc, LLC | $41,532 |
| Badger State Inspection, LLC | $39,700 |
| Osseo Evangelical Lutheran Church | $37,600 |
| Van Ryn Dairy | $37,021 |
| Osseo Chiropractic & Health Center, LLC | $35,100 |
| Ganesha Corporation | $34,825 |
| Howards Home Furnishings, LLC | $34,700 |
| T Mickelson Dairy, LLC | $32,400 |
| Total Title Services, LLC | $31,485 |
| JB Haulers, LLC | $30,700 |
| I-94 Towing & Recovery, LLC | $30,400 |
| Bradley Goplin | $29,533 |
| Halcyon Senior Services of Osseo, LLC | $28,300 |
| Osseo Golf and Recreation Center, Inc. | $28,100 |
| Wierview Dairy | $26,620 |
| PM Farms | $25,572 |
| HV Acres, LLC | $25,200 |
| Thompson Tie and Lumber, LLC | $23,747 |
| Charles O. Fremstad | $23,407 |
| Allan Lundberg | $20,833 |
| Brian Larson | $20,833 |
| Big Hat Travel, LLC | $18,300 |
| Travis Thronson Construction | $18,134 |
| Scott Bahnub Realty, LLC | $16,800 |
| Otter Creek Seed Sales & Service | $16,600 |
| Hanson House | $15,000 |
| Triple Brook Farms, Inc. | $15,000 |
| Nancy Dewitz, LLC | $15,000 |
| Pat Walske, LLC | $14,534 |
| GC Floral, Inc. | $13,127 |
| Popple Consulting, LLC | $12,997 |
| Molitor Milk Hauling, Inc. | $12,900 |
| DLC Products, LLC | $12,534 |
| Dairy Business Consulting, Inc. | $12,500 |
| Pooja Hospitality, Inc. | $12,500 |
| Higley Oil, Inc. | $12,300 |
| Maug Logging | $11,500 |
| Trinity Lutheran Parish | $10,900 |
| Ralph Myhre | $10,600 |
| Foster Bar, LLC | $10,200 |
| Lahner Transport | $10,100 |
| The Source House, LLC | $10,000 |
| Wisconsin Comprehensive Advanced Life Support Ua | $9,422 |
| Will Smith Electric, LLC | $9,000 |
| Eagle Construction and Excavating, LLC | $8,750 |
| Nathan J. Rongstad | $8,340 |
| Narrow Marjan Transport, LLC | $8,200 |
| Michael Ziegler Transport, LLC | $7,600 |
| Osseo Salvage, LLC | $6,930 |
| Larry E. Smith | $6,488 |
| K & L Livestock, LLC | $6,000 |
| Scott Schoettle Towing, Inc. | $5,800 |
| The Quilting Nook & More, LLC | $5,113 |
| Kalash, LLC | $4,897 |
| Rachel Shimon | $4,655 |
| Burlys & Bucks | $4,000 |
| K & T Enterprises, Inc. | $4,000 |
| Onstad Electric, LLC | $3,092 |
| St. Luke Lutheran Church | $2,900 |
| Elevated Styles & Company, LLC | $2,814 |
| Foster Retreat Center, LLC | $2,349 |
| Lucy's Lunch Wagon | $1,600 |
| Holy Hair | $1,319 |
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