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 |
|---|---|
| Masaba, Inc. | $2,000,495 |
| Sesdac, Inc. | $799,700 |
| University of South Dakota Foundation | $507,500 |
| Jones Food Center Vermillion, Inc. | $422,500 |
| Dakota Lines, Inc. | $315,220 |
| Vermillion Ford, Inc. | $211,100 |
| Jerrys Chevrolet Buick GMC, Inc. | $165,995 |
| Great Plains Therapy, Inc. | $159,800 |
| Mart Brothers Construction, Inc. | $150,600 |
| Knutson Family Dentistry Professional, LLC | $147,600 |
| Cafe Brule Incorporated | $143,900 |
| St. Agnes Parish of Clay County | $134,061 |
| Midwest Ready Mix & Equipment, Inc. | $124,700 |
| Somitex, LLC | $119,000 |
| Turner Plumbing & Heating | $115,400 |
| Fire Works, Inc. | $106,500 |
| AMS Building Systems, LLC | $103,500 |
| Red Steakhouse, Inc. | $101,800 |
| National Music Museum, Inc. | $98,340 |
| Jon Donald Enterprise, Inc. | $92,800 |
| PR Vermillion, LLC | $90,600 |
| Sage Project Consultants, LLC | $90,500 |
| Brown Optometric, P.C. | $81,100 |
| Ouellette Trucking, Inc. | $79,240 |
| Tripp Eleven, LLC | $78,900 |
| HDC, LLC | $70,400 |
| Davis Pharmacy, Inc. | $68,500 |
| Old Lumber Company, Inc. | $66,787 |
| Vermillion Motel, Inc. | $66,400 |
| Hennessey Enterprises, Inc. | $65,300 |
| Annisproperties, Inc. | $61,100 |
| Paint Brush Corporation | $60,140 |
| Quality Motors, Inc. | $58,100 |
| Sunset Oil, Inc. | $54,900 |
| Walker Construction, Inc. | $51,800 |
| Center for Children and Families | $50,842 |
| Stone Creek Trucking, Inc. | $48,600 |
| Callaghan Carpet Cleaning, Inc. | $45,000 |
| Mart Auto Body and Marine, LLC | $43,700 |
| Main Street Pub, Inc. | $43,700 |
| Bill & Eric's Excellent Adventure, LLC | $42,545 |
| Bobs Sinclair Service, Inc. | $42,400 |
| Wieman Construction, LLC | $42,100 |
| Bebee Street II, Inc. | $41,500 |
| Kopf Dental Group, PC | $41,000 |
| Pork 888, LLC | $40,097 |
| Dakota Realty and Property Management, Inc. | $38,750 |
| Trinity Lutheran Church | $37,800 |
| Thomas H. Olson, M.D. | $35,700 |
| Kids of Character Learning Center, LLC | $34,400 |
| Bunyans, LLC | $33,800 |
| Cedar Pork, LLC | $33,658 |
| Wynie Mae's Essentials, LLC | $33,400 |
| Ron Schoellerman Trucking, Inc. | $33,100 |
| Jabacon I, Inc. | $33,000 |
| Hansen Funeral Home, Inc. | $32,600 |
| Abenov, LLC | $32,300 |
| Coyote Enterprises, LLC | $31,755 |
| Dakota Rock Farms, Inc. | $31,600 |
| Prairie River, Inc. | $29,000 |
| Stewart Enterprises, Inc. | $28,700 |
| Northwest Cedar Products Company, Inc. | $28,200 |
| Vermillion Civic Council, Inc. | $27,800 |
| JNJ Management, Inc. | $26,600 |
| AJB Investments, Inc. | $26,500 |
| Valiant Vineyards, Inc. | $25,600 |
| LMX Incorporated | $25,100 |
| Lifebrook, LLC | $24,900 |
| Higman Companies, Inc. | $24,543 |
| Sedgwick Publishing | $23,900 |
| Charcoal Lounge, Inc. | $23,700 |
| Sokota Logistics, Inc. | $23,700 |
| Thurman Law Office | $21,500 |
| Bottorff Tax, LLC | $21,450 |
| New 2 YOU | $21,365 |
| Brunick Service, Inc. | $21,100 |
| Craig K. Thompson Law Office | $21,100 |
| Timothy Gregoire | $20,833 |
| Lars Aga | $20,833 |
| Rikesh Patel | $20,833 |
| Daniel J. Manning | $20,833 |
| Robert E. Gregoire | $20,833 |
| Matthew R. Sorensen | $20,833 |
| Joseph L. Hubert | $20,833 |
| Duane Amundson | $20,832 |
| O'Conner Crop Insurance Agency | $20,830 |
| Robert Christensen Trucking | $20,830 |
| Corey Lewison | $20,800 |
| Vermillion Chiropractic, PC | $20,500 |
| Gregoire Excavating, LLC | $20,300 |
| Lifetime Tile and Stone | $20,200 |
| Print Source Network, Inc. | $19,900 |
| Precision Painting | $19,300 |
| Expert Approach, Inc. | $19,105 |
| Blaine's Body Shop, LLC | $18,800 |
| M & M Construction, LLC | $18,310 |
| John S. Donnelly | $17,800 |
| Rosewood Greenhouse, Inc. | $17,200 |
| William Saunders D. C., P.C. | $17,200 |
| Paul T. Remmes | $16,992 |
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