The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may 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.
| Name of Borrower | Current Approved Amount |
|---|---|
| Frsecure, LLC | $1,108,595 |
| Pro-Tec Design, Inc. | $1,058,911 |
| Unity Communications, Inc. | $998,220 |
| Pediatech Nursing, LLC | $832,407 |
| The Good Bead, Inc. | $727,100 |
| Staffing Partners, Inc. | $688,400 |
| Data Solutions International, Inc. | $666,597 |
| Advanced Imaging Solutions | $649,200 |
| Fireaway, Inc. | $523,876 |
| Table Trac, Inc. | $473,400 |
| Dorglass, Inc. | $440,925 |
| Hunt Management, LLC | $427,250 |
| Flapjack Too, Inc. | $354,200 |
| Copper Cow, LLC | $334,300 |
| Superiorusa Corporation | $330,514 |
| R U Hungri, LLC | $312,700 |
| General Store of Excelsior, Inc. | $308,169 |
| E-Technical Staffing, Inc. | $303,895 |
| Gianna Homes, Inc. | $296,750 |
| The Ras Corporation | $267,500 |
| Ike's Minnetonka, LLC | $259,248 |
| SQ Solutions, LLC | $252,005 |
| 2 Loons, LLC | $245,567 |
| All Saints Lutheran Church | $242,100 |
| Edi Systems, Inc. | $239,170 |
| Synergy Products, LLC | $221,313 |
| Lakewest Excavating, LLC | $191,400 |
| Social Indoor, LLC | $172,890 |
| Rochester Hospitality Partners, LLC | $151,600 |
| Steepery Tea Holdings, LLC | $146,300 |
| Illunis, LLC | $145,977 |
| Specialty Aviation Holdings Corporation | $134,500 |
| Northstar Manufacturing Company, Inc. | $133,100 |
| Advisory Aerospace OSC, LLC | $131,325 |
| ME Tonka II, Inc. | $129,400 |
| ARFF, LLC | $127,643 |
| WKS Vadnais Heights, LLC | $116,665 |
| Aldo, Inc. | $116,100 |
| Apex Fun Run Franchise #17, Inc. | $115,587 |
| Minnesota Dental Center, PLLC | $115,200 |
| FGD, LLC | $112,717 |
| Westwood Cabinets, LLC | $111,000 |
| WKS Crystal Lake, LLC | $110,250 |
| Hotelpet Solutions Minnetonka, LLC | $109,460 |
| WKS Shakopee, LLC | $106,750 |
| Plantikow Enterprises Incorporated | $97,800 |
| WKK Hotels, LLC | $97,370 |
| JDT International, LLC | $96,513 |
| Dentistry by Design | $93,300 |
| Thrive Chiropractic, PLLC | $92,635 |
| Securitystudio, Inc. | $92,000 |
| Water Street Retail, Inc. | $91,987 |
| General Store Cafe, Inc. | $91,751 |
| Glen Lake Dental Association P. A. | $91,122 |
| Wedl Placement Services, Inc. | $85,925 |
| Shri Ganesh Dental, PC | $83,100 |
| Hotelpet Solutions Maple Grove, LLC | $81,843 |
| Equity Options, LLC | $80,600 |
| Twirl Events, Inc. | $78,795 |
| Activarium, LLC | $77,808 |
| Merz Physical Therapy, Inc. | $77,700 |
| Minnetonka Wayzata Fitness, LLC | $76,900 |
| W Creative, Inc. | $76,883 |
| Premier Hotel Properties, Inc. | $74,851 |
| Geneticure, Inc. | $71,300 |
| Lakewest Realty, LLC | $68,752 |
| Masterpiece Landscaping, Ltd. | $68,400 |
| Herzog Construction, LLC | $62,500 |
| Laursen Piano, Inc. | $61,252 |
| Hotelpet Solutions Richfield, LLC | $60,793 |
| Bailey Properties, Inc. | $60,700 |
| Creo ARTS & Dance Conservatory | $57,849 |
| Brite Air Parts, Inc. | $55,200 |
| Shoesters, Inc. | $54,651 |
| Monarch, LLC | $50,900 |
| Hotelpet Solutions Ridgedale, LLC | $50,833 |
| Sleepy Tigers Chinese Immersion Learning | $49,425 |
| Tea Garden Uptown, LLC | $48,500 |
| West END Insurance, LLC | $48,300 |
| Orchard Park Child Care Crosstown, LLC | $48,128 |
| Steepery Woodbury, LLC | $47,500 |
| Tea Garden Grand, LLC | $47,400 |
| Twin Cities Tile and Grout Professionals | $46,770 |
| Raymond J. Salazar, Inc. | $45,606 |
| Liberty Commodities Corporation | $44,624 |
| Mathema of Minnesota | $44,545 |
| Tea Garden Moa, LLC | $43,600 |
| C & S Nutrition, LLC | $41,600 |
| Martha Burns, Inc. | $41,166 |
| Food Gallery Catering, LLC | $41,139 |
| DRC, Inc. | $41,000 |
| Schwarz Builders, Inc. | $40,845 |
| Mcvay Land Company | $39,325 |
| West Hennepin Housing Land Trust | $37,992 |
| Artola & Camp, LLC | $36,000 |
| Dynamic Family Chiropractic PA | $35,800 |
| Marge Magnuson Construction Company, Inc. | $35,556 |
| Peak Potential Family Chiropractic, PLLC | $35,400 |
| Clean Group, L. L. C. | $35,400 |
| Electrodynamic Technologies, LLC | $33,963 |
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