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 58793
| Name of Borrower | Current Approved Amount |
|---|---|
| Basin Service Company | $1,041,400 |
| Hams Well Service, Inc. | $1,033,900 |
| Farmers Union Oil Company of Westhope-Souris-Bottineau | $502,000 |
| Basin Well Service | $302,300 |
| Diamond B Trucking, Inc. | $204,709 |
| Arrow Roustabout Service, Inc. | $165,300 |
| Ballantyne Agri | $146,477 |
| Orbit Pumping Services, LLC | $47,900 |
| R & D Electric, Inc. | $46,062 |
| Richburg Farms, Inc. | $38,800 |
| Thomas Henry | $35,930 |
| Spearfish Oilfield Supply | $31,800 |
| Ronald Stead | $31,390 |
| Harley Sivertson | $30,160 |
| Kelly Artz | $28,600 |
| Carter Tengesdal | $22,215 |
| Kent Huber | $22,182 |
| Engstrom Farms, LLC | $21,948 |
| Tanner Houmann | $21,729 |
| JH Seed and Soil Services, LLC | $20,833 |
| Debra Stratton | $20,833 |
| Donald Cameron | $20,833 |
| William A. Stratton | $20,833 |
| Larry Hallof | $20,833 |
| Sean Henry | $20,830 |
| Lorrie M. Opdahl | $20,825 |
| Dustin Lodoen | $20,800 |
| Sheldon Braaten | $20,800 |
| Wyman Farms, Inc. | $20,736 |
| Leonard Artz | $20,700 |
| Janis Houmann | $20,200 |
| ARTZ Insurance Agency, Inc. | $20,037 |
| KJB Insurance Agency, Inc. | $19,700 |
| Agri Properties, LLP | $19,589 |
| Agri Spray Service, Inc. | $16,667 |
| Westhope Country Club | $14,280 |
| Keith Stratton | $13,652 |
| Jeremy Grann | $12,378 |
| Primary Electric, LLC | $11,200 |
| Merlin Martin | $9,492 |
| Amanda Artz | $8,800 |
| BL Construction | $8,529 |
| SKY Blue Trucking | $8,367 |
| John L. Wyman | $7,500 |
| Spray ND, LLC | $6,755 |
| Ken Radtke Painting and Sandblasting, Inc. | $6,440 |
| Stuart A. Rothe | $5,097 |
| Ian Wyman | $5,050 |
| Lucky Dog Resources, Inc. | $5,000 |
| L83 Ranch, LLC | $5,000 |
| Ballantyne Legacy Resources, Inc. | $5,000 |
| Lonnie L. Legg | $4,767 |
| Chad Tofteland | $4,700 |
| Chester Houmann | $4,522 |
| Black Mountain Resources | $4,140 |
| Curtis Moum | $3,922 |
| First Presbyterian Church | $3,791 |
| Rylee Lodoen | $3,100 |
| Gerald Henry | $2,897 |
| David Stead | $2,743 |
| Teri Zahn | $750 |
| Timothy Lesmann | $732 |
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