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 57568
| Name of Borrower | Current Approved Amount |
|---|---|
| Cody Hoffman | $115,000 |
| Tc's Mustang Disaster Cleanup, Inc. | $96,300 |
| Hutch's Enterprises, Inc. | $86,050 |
| Presho Oil, Inc. | $47,137 |
| K. L. H., LLC | $32,685 |
| Carl Brakke | $31,175 |
| Todd Taylor | $30,152 |
| Stanley Land Company, Inc. | $29,200 |
| Snake Den Lodge, LLC | $28,022 |
| Leichtnam Farms | $27,200 |
| Ryan Husman | $25,072 |
| Stanley Grain, Inc. | $23,400 |
| Ambur-Boe Grain, Inc. | $22,700 |
| Taylor Ranch, Inc. | $22,500 |
| Presho Livestock, LLC | $22,175 |
| Reuman Seed Farm, Inc. | $20,800 |
| Lorlen Husman | $17,192 |
| Craig S. Mowry | $17,000 |
| Robert Christensen | $16,100 |
| M&D Farms, Inc. | $15,600 |
| Russ Comp Construction, Inc. | $11,730 |
| Trusty Mertens | $11,000 |
| Steven W. Mowry | $10,700 |
| Tim Wagner | $8,875 |
| Church of Christ the King of Presho | $8,715 |
| Reuman Agent, LLC | $7,082 |
| Brodrecht Farm & Ranch Partnership | $6,400 |
| Husman Grocery | $5,010 |
| Gould Construction, LLC | $3,700 |
| Sunshine and Rubies Boutique | $3,700 |
| Danielle Palmer | $3,100 |
| Reuman Consulting, LLC | $2,285 |
| Prairie View Ringnecks | $1,800 |
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