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 58852
| Name of Borrower | Current Approved Amount |
|---|---|
| Neset Consulting Service, Inc. | $1,755,400 |
| Tioga Medical Center | $1,328,486 |
| Braun Trucking | $1,172,200 |
| D&L Paraffin, Inc. | $633,108 |
| Emprise Group, Inc. | $601,300 |
| Ruach Resources | $381,500 |
| Almers Construction, Inc. | $355,798 |
| LDI Energy Services, LLC | $302,400 |
| W2 Trucking, LLC | $272,100 |
| Roustabout Service & Insulating Company | $219,260 |
| Tioga Machine Shop, Inc. | $211,537 |
| Patriot Oilfield Service, Inc. | $209,392 |
| Ron's Sandblasting, Inc. | $102,100 |
| Tioga Hotel Suites, LLC | $95,905 |
| Trucking and Services Inc., GP | $92,800 |
| D3 Inspection, LLC | $80,841 |
| Sheldon Welding & Construction, Inc. | $75,275 |
| Tioga Drug, Inc. | $70,365 |
| The Rig Lounge II, Inc. | $60,627 |
| Tioga Hardware, LLC | $48,945 |
| David C Carlson PC, D.D.S. | $48,635 |
| Keller Consulting, LLC | $44,700 |
| Nosbush Trucking, LLC | $41,102 |
| TSI Hair, LLC | $40,922 |
| Daviddavid, LLC | $35,512 |
| Sundhagen Sand & Gravel, Inc. | $35,000 |
| Papineau Insurance | $34,837 |
| Heart-E Hot Water, LLC | $33,941 |
| Zion Lutheran Church | $27,092 |
| Steven Jensen | $26,193 |
| Red's Welding and Backhoe Service, Inc. | $25,365 |
| Muddy Tire Trucking, LLC | $20,833 |
| Richard Rice | $20,832 |
| Levi Kallberg | $20,832 |
| Wade's Welding, LLC | $16,600 |
| First & Main, LLC | $15,530 |
| Dj's Lounge, Inc. | $13,893 |
| Brokaw and Jones Plastering, Inc. | $11,500 |
| Arturo Rodriguez | $9,100 |
| Dragonfly Floral & Gifts, LLC | $8,602 |
| JTH Portables, LLC | $7,500 |
| Tioga Senior Citizens Club | $6,697 |
| Gene's Plumbing Service, Inc. | $6,250 |
| CNC Trucking | $3,100 |
| Black Gold Dance, LLC | $1,898 |
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