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 57564
| Name of Borrower | Current Approved Amount |
|---|---|
| Ring-Neck Energy & Feed, LLC | $639,800 |
| Lamb's Chevrolet & Implement, Inc. | $275,200 |
| Yackley Ranches Partnership | $167,900 |
| Oahe Grain Corporation | $154,400 |
| Ken Huse and Sons Partnership | $131,900 |
| Brett's Spray Service, Inc. | $115,100 |
| Rausch Construction, LLC | $85,700 |
| Barber Chemicals, LLC | $82,100 |
| Voorhees Cattle Company, LLP | $81,500 |
| CA Colson Partnership | $81,000 |
| Cousins Corner, Inc. | $80,600 |
| Sutton Rodeos, Inc. | $74,900 |
| Lamb Motor Company, Inc. | $71,600 |
| Buhler & Buhler Enterprise | $68,400 |
| Onida Electric, Inc. | $65,500 |
| Lankenau Construction, Inc. | $57,100 |
| Shepherd Seed Company, LLC | $48,700 |
| Fearless Grain Marketing, LLC | $47,200 |
| Yackley Partnership | $46,200 |
| Foth Farms | $40,565 |
| Matzen Partnership | $36,600 |
| Yk Grain Partnership | $36,500 |
| Wickersham Construction, Inc. | $36,400 |
| S&B Farming, LLC | $32,500 |
| Barber Farm Service, Inc. | $31,700 |
| Kinkler Farms Partnership | $26,900 |
| Jacquot Carpentry, Inc. | $26,300 |
| Mark Barber Farms | $26,000 |
| Sovell Oil, Inc. | $25,300 |
| Brock's Butcher Block, Inc. | $25,100 |
| Stewart & Daughters, Inc. | $25,000 |
| Wayne Farries Farm | $22,700 |
| Sovell Law Office, PC | $22,500 |
| Dons Food Center, Inc. | $21,520 |
| Lamb's Discount Supply, LLC | $21,500 |
| Olivier Construction, LLC | $21,100 |
| Steven Muller | $20,900 |
| David L. Pitlick | $20,833 |
| ALF Farms, Inc. | $20,833 |
| Brandon Larosh | $20,800 |
| Miles Consultant, LLC | $20,800 |
| Mark Nystrom | $20,800 |
| Richard Olson | $20,800 |
| TF Farms, Inc. | $20,800 |
| Jeremy Frost | $20,000 |
| Olson Farming Operations, LLC | $19,100 |
| Chiropractic Connections, PC | $19,000 |
| Thomas Larosh | $18,800 |
| Larson Tax & Bookkeeping Service | $18,700 |
| Thomas Yackley | $18,473 |
| Providence, Inc. | $17,600 |
| Kenneth Barber | $16,300 |
| David Farries Farm | $15,900 |
| K & B Herefords, Inc. | $15,500 |
| Randy Tennant | $14,900 |
| Elwyn Birdsall | $13,900 |
| Joe Matzen, Inc. | $12,500 |
| Deep Healing Therapeutic Massage | $12,400 |
| The Onida Watchman, Inc. | $12,300 |
| Richard McGee | $11,400 |
| Matthew Tennant | $10,900 |
| Gary Todd | $10,100 |
| Hyde Enterprises, LLC | $9,900 |
| Dakota Film Co | $9,686 |
| 5y Farms Partnership | $9,600 |
| Precision Reporting, Ltd. | $8,300 |
| Grassland Gourmet and Gifts, LLC | $8,000 |
| St. Pius X Parish of Sully County | $7,915 |
| First Presbyterian Church of Onida | $7,600 |
| EMF Farms, Inc. | $7,000 |
| Edna Foth | $6,800 |
| Clarence Olson | $6,400 |
| Bakery Cafe | $6,100 |
| Wildflower Salon and Spa | $5,900 |
| Jakt, Inc. | $5,750 |
| Blue Goose, LLC | $4,900 |
| Delbert Fast | $2,750 |
| Crazy B' Tees and More LLC | $2,002 |
| Karla Kerr | $1,300 |
| Kristin Kinney | $1,100 |
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