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 54767
| Name of Borrower | Current Approved Amount |
|---|---|
| Spring Valley Health Care Services, Inc. | $359,220 |
| Son-Bow Farms, Inc. | $272,500 |
| Schmitt Timber Corporation | $253,100 |
| Advanced Dairy, LLC | $231,400 |
| Lendserv National Title, Inc. | $218,355 |
| Spring Valley Dentistry, Inc. | $146,790 |
| Our Hand Crafted Meats, LLC | $124,100 |
| Bill's Iba | $111,127 |
| Rush Creek Growers, Inc. | $104,690 |
| Midwest Organic and Sustainable Education Services, Inc. | $94,200 |
| Rockway, Inc. | $93,582 |
| Team Oil, Inc. | $85,200 |
| Asphalt Maintenance and Paving, Inc. | $76,600 |
| A Cool Cave, Inc. | $70,233 |
| K & D Transport, Inc. | $64,290 |
| Dan's Custom Wood Floors, LLC | $54,900 |
| Celect Communications, LLC | $51,801 |
| Spring Valley Drug Store, Inc. | $48,200 |
| Claudia Traynor, CPA | $38,753 |
| Spring Valley Auto Parts, Inc. | $37,300 |
| MB & Boys, Inc. | $34,570 |
| Wallace Franta | $34,385 |
| Donald G. Nellesen | $30,333 |
| Pierce Plumbing, Inc. | $27,736 |
| Keehr Funeral Home, LLC | $27,700 |
| Schmitt Timber Trucking, LLC | $23,900 |
| Johnson Quality Plumbing, LLC | $22,500 |
| Gregory G. Nelson | $20,833 |
| St. John's Evangelical Church | $19,441 |
| Thomas J. Morrow | $18,500 |
| Honeycrest Farms, Inc. | $18,490 |
| Jensen Contour Dairy, Inc. | $16,313 |
| Red Barn Bar and Grill, LLC | $15,400 |
| Valley View Eye Clinic | $15,048 |
| Maple Leaf Orchard, LLC | $14,525 |
| Spilde Chiropractic of Elmwood | $13,308 |
| Brock Jensen | $12,998 |
| Full Throttle Genetics, LLC | $12,182 |
| Overdale Kennel, LLC | $10,500 |
| MacKenize Zajec | $10,270 |
| Red Barn Discount Liquor and Convenience Store | $10,000 |
| Randy's Transport | $8,950 |
| St. Matthews Lutheran Church | $8,806 |
| Gilman Lutheran Church | $8,390 |
| Gateway Business, Inc. | $6,605 |
| Rusty Horse Bar & Grill | $6,125 |
| MBC Sportswear, LLC | $6,000 |
| Spring Lake Lutheran Church | $5,830 |
| RDL & Crew Trucking, LLC | $5,800 |
| Brianna Bucholz | $3,900 |
| Wayne Or Laurie Moga | $3,656 |
| TGT Custom Works, LLC | $3,353 |
| Turner Mile Farms, Inc. | $2,980 |
| Breath and Bodywork Therapeutic Massage, LLC | $2,965 |
| Kristen McMaster | $2,300 |
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