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 57601
| Name of Borrower | Current Approved Amount |
|---|---|
| Mobridge Regional Hospital, Inc. | $1,829,300 |
| Standing Rock Sioux Tribe | $1,092,955 |
| Jensen Rock and Sand, Inc. | $945,012 |
| Heartland Waste Management, Inc. | $190,934 |
| Mobridge Livestock Market, Inc. | $167,800 |
| Stoick's, Inc. | $159,800 |
| Jackson Enterprises, Inc. | $150,700 |
| Mobridge Publishing, LLC | $146,527 |
| Beadle's Chevrolet Buick GMC, LLC | $144,100 |
| Mcclellan-Swanson Dental Clinic, Inc. | $136,800 |
| Merkel's Foods, Inc. | $117,200 |
| Oahe Veterinary Hospital, PC | $115,900 |
| Cahill Bauer and Associates, LLC | $112,100 |
| Beadle's Sales, LLC | $110,187 |
| Northwest Beverage, Inc. | $101,600 |
| Family Pharmacy of Mobridge, Inc. | $95,000 |
| Ripley Funeral Home, Inc. | $81,100 |
| West Side Meats, Inc. | $80,000 |
| Key Insurance, Inc. | $78,196 |
| Central Diesel Sales, Inc. | $68,200 |
| Deacons Dairy Queen | $66,400 |
| Dakota Glass and Alignment, LLC | $62,100 |
| Hager Operating Company, LLC | $61,000 |
| Gas N More, Inc. | $56,900 |
| Heil State Farm Agency, LLC | $55,300 |
| Riverside Home Furnishings, Inc. | $53,875 |
| Kramer, Inc. | $51,900 |
| G. T. C. Auto Parts, Inc. | $50,800 |
| Slater Oil Company, Inc. | $47,000 |
| Great Plains Family Restaurant, LLC | $43,000 |
| Genes Auto Service, Inc. | $39,800 |
| Mobridge Gas Company | $39,164 |
| Mobridge Hardware, LLC | $38,916 |
| Sunset Kountry, Inc. | $37,400 |
| Kt's Fireside Supperclub, Inc. | $34,600 |
| LJ Plumbing, Heating & Air, LLC | $32,800 |
| Madrigal, LLC | $29,061 |
| Leon Ziegler | $28,557 |
| JD Services | $26,200 |
| Subway of Morbridge, LLC | $24,543 |
| Faehnrich Construction, LLC | $24,500 |
| Western Rancher Boot & Saddle | $24,000 |
| Soil Technologies, Inc. | $22,370 |
| Dady Drug, Inc. | $21,900 |
| Mobridge Manufacturing, Inc. | $21,600 |
| Benjamin Banik | $21,582 |
| Todd Wagner | $20,833 |
| Tonya Schoenhard | $20,832 |
| Chance C. Wientjes | $20,832 |
| Karen Ziegler | $20,832 |
| Deb's Family Hair Care, LLC | $19,800 |
| Trinity Evangelical Lutheran Church | $19,800 |
| Mobridge Country Club | $18,300 |
| Nick Thomas Music | $18,265 |
| John H Troyer | $17,300 |
| Zion Evangelical Lutheran Church | $17,200 |
| Northside Flowers, Inc. | $16,700 |
| M&M Electric, Inc. | $16,458 |
| Wade's Carpet and Floor Covering, LLC | $16,400 |
| Kemnitz Morest Motel, Inc. | $16,400 |
| Oster, Inc. | $16,300 |
| United Congregational Church, UCC | $16,000 |
| Joshua Helm | $15,462 |
| Oahe Landscapes | $14,872 |
| Wolff Chiropractic Clinic, PC | $14,362 |
| Lakeview Management, Inc. | $13,800 |
| Bridge City Marina and Resort, Inc. | $13,620 |
| Support Circle, Inc. | $13,583 |
| Jaimewaynedietterle | $13,250 |
| Kevin Schaefbauer | $13,100 |
| Eisemann Building Products, LLC | $12,585 |
| Pets N Stuff, Inc. | $11,700 |
| Hammer Motors, Inc. | $10,852 |
| Grace Torevell | $10,400 |
| Brian Feist Agency, Inc. | $10,385 |
| Judy Fiddler | $9,400 |
| Leonard Studio, Inc. | $9,300 |
| Hanson Horseshoe Ranch, Inc. | $9,205 |
| Cain Law Office, PC | $8,945 |
| Keller Chiropractic Clinic, P.C. | $8,700 |
| Pamela Borah | $8,400 |
| Grand Central, Inc. | $8,100 |
| Wade Sandland | $8,000 |
| Homespun | $7,800 |
| Mobridge Economic Development Corporation | $7,700 |
| Mobridge Dairy Distrubiting, Inc. | $7,000 |
| Beauty by Britt | $6,815 |
| Filler's Bakery, Inc. | $6,700 |
| Tyler Schaefbauer | $6,600 |
| A & M Proerties, Inc. | $6,495 |
| Jenns Jazzy Doos | $6,300 |
| Studio 605 Hair Design | $6,100 |
| Kuhn Crop Consulting, LLC | $5,881 |
| Dakota Kids Daycare | $5,794 |
| Blue Deuce, Inc. | $5,700 |
| Platinum, LLC PC | $5,700 |
| Sacred Word Lutheran Church | $5,000 |
| Frey's, Inc. | $4,600 |
| Deluxe Barber Shop | $3,900 |
| Laurie M. Bauer Law Office, PLLC | $3,600 |
| Schlomer Construction, Inc. | $3,300 |
| Wags to Whiskers Groom and Board | $3,274 |
| Oster Sales | $2,500 |
| Nancy Johnson | $2,300 |
| Russell Wiese | $1,838 |
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