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 |
|---|---|
| 360 Wall Systems | $1,746,566 |
| Chrestomathy, Inc. | $742,700 |
| Prairie Electric Company, Inc. | $733,760 |
| Virtelligence, Inc. | $698,700 |
| H&B Specialized Products, Inc. | $314,900 |
| Twin Cities Automation, Inc. | $220,281 |
| Mnfit Ventures, Inc. | $170,150 |
| Family Eye Clinic and Contact Lens Cente | $159,620 |
| Cleaning Patrol, Inc. | $141,142 |
| Matthewmeyerddsand Jolenewelterddspa | $132,259 |
| Nis, LLC | $129,752 |
| Matts Auto Service, Inc. | $109,190 |
| Minnesota Concrete Specialties, Inc. | $107,782 |
| Snyder's Investments, LLC | $107,367 |
| Courtney Truck Service, LLC | $101,800 |
| Lucky Seven Bagel Company, LLC | $97,919 |
| Hair Hangout, LLC | $83,075 |
| Superior Trading Company, LLC | $78,320 |
| Eden Prairie Foxjet Swim Team | $64,372 |
| A2Z Detailing, LLC | $63,835 |
| Barnwood Group, Inc. | $63,116 |
| G. S. Direct, Inc. | $60,828 |
| Proto Service, Inc. | $59,947 |
| Mib Construction Services, Inc. | $56,562 |
| Mystical Games, LLC | $56,408 |
| Eden Prairie Soccer Club, Inc. | $51,512 |
| Way Cool Cooking School, Inc. | $42,200 |
| The Vanella Group of MN, LLC | $39,700 |
| Sahan Restaurant & Coffee, Inc. | $36,400 |
| Goodcities | $35,600 |
| Prodex Supply, Inc. | $34,100 |
| Paws, LLC | $34,000 |
| JPR Installations, Inc. | $33,700 |
| Time Into Pixels Photography | $32,282 |
| Natures Touch Tree Care & Landscaping, Inc. | $31,500 |
| True Concepts Construction Services, Inc. | $29,207 |
| Bombay Pizza Kitchen | $26,835 |
| Venice Nails Spa | $26,365 |
| The Hoppy Trolley, LLC | $26,347 |
| Rico Company, LLC | $23,700 |
| Xuyen Ho, Inc. | $22,644 |
| Trilok Technologies, Inc. | $21,750 |
| Shuama Trans, LLC | $20,833 |
| Yussuf Abdulle | $20,833 |
| David Freeland | $20,833 |
| Goratransportation | $20,833 |
| Jeffery Proctor | $20,833 |
| Michele Campion | $20,833 |
| Abdullahi Abi | $20,833 |
| Fauzia Osman | $20,833 |
| Abdullahi Abi | $20,833 |
| Cortiletti, LLC | $20,833 |
| Yussuf Abdulle | $20,833 |
| John J. McCartan | $20,833 |
| Gora Gueye | $20,833 |
| Kayode Benson | $20,833 |
| Brian Pederson | $20,833 |
| Jeffery Proctor | $20,833 |
| Dennis R. Huber | $20,833 |
| Mcre, LLC | $20,833 |
| Kevin Fowler | $20,833 |
| John Underwood | $20,833 |
| Abdiweli Abdulle | $20,833 |
| Abdullahi Omar | $20,833 |
| Leveret Marketing, LLC | $20,832 |
| Hazel Matthys | $20,832 |
| Evelyn Dorsey | $20,832 |
| Hazel Matthys | $20,832 |
| Donnie Snyder | $20,832 |
| Arrowhead Publishers | $20,832 |
| Gisell Varela | $20,832 |
| Elijah Jonas | $20,832 |
| Tricia Beckering | $20,832 |
| Martian Solutions, LLC | $20,832 |
| Robert Picha | $20,830 |
| Frank Sherwood | $20,830 |
| Liban Yusuf | $20,826 |
| Liban Yusuf | $20,826 |
| WMS Companies, Inc. | $20,800 |
| Thomas Gray | $20,800 |
| Michele Campion | $20,728 |
| Hamdi Diriye | $20,579 |
| Beder Farah | $20,422 |
| Strand Investment Group | $20,400 |
| Ifrah Beynah | $20,400 |
| Dennis Luettinger | $20,240 |
| Amira Jama | $20,208 |
| Amira Jama | $20,208 |
| Barbara Wiley | $20,102 |
| Adil Ahmed | $20,100 |
| Margaret Huskey | $20,052 |
| Jarvay Gay | $19,791 |
| Jarvay Gay | $19,791 |
| Xibuzz, LLC | $19,670 |
| Richard Hunt | $19,245 |
| Avalon Recruiting and Consulting, LLC | $19,185 |
| K3 Consulting, LLC | $18,400 |
| Ilyas Muhumed | $18,397 |
| Millennium Media Systems, Inc. | $18,300 |
| Mcgowan Enterprises, Inc. | $18,075 |
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