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 54871
| Name of Borrower | Current Approved Amount |
|---|---|
| Indianhead Medical Center Shell Lake, Inc. | $917,800 |
| Beaver Holdings, Inc. | $700,830 |
| Premier Healthcare Management of Shell Lake, LLC | $406,600 |
| Transport Services Unlimited of Shell Lake, Inc. | $337,978 |
| Quality Tool Service, Inc. | $312,200 |
| Peragon Enterprises, Inc. | $282,800 |
| Ventures Unlimited, Inc. | $282,800 |
| Th, Inc. | $188,847 |
| Legacy Farms, LLC | $162,500 |
| Spooner Creek Designs, Inc. | $150,000 |
| Xact Tool, Inc. | $125,485 |
| Next Energy Solution, Inc. | $113,446 |
| Shell Lake Clinic, Ltd. | $112,600 |
| Zoe Communications, Inc. | $85,100 |
| Shell Lake ARTS Center, Inc. | $61,532 |
| Hearts of Gold, Inc. | $59,000 |
| DP Juza Woods & Fixtures, LLC | $54,354 |
| Willger Plumbing & Heating, LLC | $41,787 |
| Shell Lake/cumberland Chiropractic Clinics | $35,250 |
| DMB Drilling Company | $31,197 |
| River Valley Dairy, LLC | $27,652 |
| Glen Albee | $24,073 |
| Greenridge Farms, LLC | $20,833 |
| Gannon Consulting, LLC | $20,832 |
| Peter Martin | $20,800 |
| Spears Construction, Inc. | $19,600 |
| Bashaw Valley Enterprises, Inc. | $18,234 |
| 715 Investment, LLC | $17,300 |
| Lake Insurance Agency, Inc. | $16,364 |
| Sawyer Brook Farm | $15,948 |
| Salem Lutheran Church | $14,900 |
| Brent Pederson | $14,711 |
| Groundworks Enterprises, LLC | $13,600 |
| Whalen & Crawford, Inc. | $13,500 |
| Gannon Farms | $13,127 |
| Vishav Hotels, Inc. | $12,766 |
| Clover Meadow, LLC | $12,192 |
| Hagen Electric | $12,157 |
| Skyler Pines, LLC | $11,500 |
| Sawyer Creek Photography, LLC | $10,488 |
| Silver Shears Salon | $10,375 |
| Sunset Pet Retreat | $10,295 |
| Shell Lake Realty | $9,900 |
| Smith's Orchard & Apple Shop | $9,400 |
| Pockat Funeral Home, Inc. | $8,959 |
| Quam Family Farm, LLC | $8,944 |
| Mary Ann Hook Swan | $8,925 |
| Diane's Daycare | $8,040 |
| Lindy's Berries | $7,749 |
| Smith Auto Body of Shell Lake, Inc. | $7,650 |
| Dryden Four, Inc. | $7,322 |
| Chimney Manns, LLC | $7,078 |
| Soar Services, Inc. | $6,750 |
| Nielsen Construction | $6,273 |
| Cross Roads of the North | $6,101 |
| Scribner Trucking | $6,029 |
| Bush Family Farms, Inc. | $5,738 |
| Deladi Construction | $5,185 |
| Accurate Auto Glass Services, LLC | $5,000 |
| RBNB Trucking | $4,234 |
| SL Klopp, Inc. | $3,646 |
| Marker Construction | $3,600 |
| Burton E. Lindemann | $3,248 |
| Clint Wickman | $3,131 |
| Kyle Vanderhoof | $2,412 |
| The Polish Parlor | $2,375 |
| R&R Landscapes | $2,236 |
| Douglas Vanderhoof | $2,146 |
| Dustin Marker | $1,787 |
| Jerry Rydberg | $1,669 |
| The Virtual Bee | $565 |
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