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.
Top 100 largest PPP loans in 2020 in ZIP Code 56377
| Name of Borrower | Current Approved Amount |
|---|---|
| St. Cloud Orthopedic Associates, Ltd. | $3,581,857 |
| Mend Correctional Care, PLLC | $1,876,255 |
| Granite Logistics Services, LLC | $1,576,400 |
| Opportunity Matters, Inc. | $1,239,900 |
| Regional Diagnostic Radiology PA | $870,600 |
| Center for Pain Management PA | $791,400 |
| Phyxius, Inc. | $647,600 |
| Country Manor Campus, LLC | $625,000 |
| Integracare, Ltd. | $488,975 |
| Core Professional Services, P. A. | $390,300 |
| The Church of St. Francis Xavier, of Sartell, Minnesota | $351,900 |
| Held Enterprises of Greater St. Cloud, Inc. | $346,000 |
| DKM Manufacturing, Inc. | $285,491 |
| Sartell Pediatrics, PA | $282,100 |
| Colorful Concepts Painting and Custom Finishing, Inc. | $281,100 |
| Central Minnesota Endodontics PA | $267,058 |
| Central Minnesota Retina Consultants, PLLC | $241,150 |
| Interventional Pain & Physical Medicine Clinic, LLC | $217,800 |
| Dentistry for Children | $216,419 |
| Medical ARTS Dental, LLC | $214,200 |
| Central Minnesota Orthodontics | $203,700 |
| Pinecone Vision Center, PA | $203,173 |
| The Cold Turkey Group, LLC | $202,300 |
| Rite Enterprises, Inc. | $199,600 |
| Volkers, Inc. | $180,800 |
| Hopwok & Eat, Inc. | $177,421 |
| Board Exteriors, Inc. | $175,300 |
| Technician Check, LLC | $164,800 |
| The Waters Church | $160,100 |
| Tomark Physicians PA | $157,800 |
| Minnesota Oral and Facial Surgery, PLLC | $151,961 |
| Mulligans Steakhouse, Inc. | $147,800 |
| Balyle, Inc. | $145,500 |
| Ledge Wealth Management, Inc. | $145,412 |
| Central Minnesota Council, Boy Scouts of America, Inc. | $145,300 |
| Ehlinger Lawn Service, Inc. | $144,000 |
| Blackberry Operating Company, Inc. | $135,400 |
| Celebration Lutheran Church | $125,000 |
| Persona Dental, PC | $119,244 |
| Sarah Welch PA, D.D.S. | $113,387 |
| Francis T. Enterprise | $110,400 |
| Alan F. Schneider | $109,800 |
| MDO Periodontics, P. A. | $108,330 |
| Yapel Orthodontics | $106,700 |
| W & C Apothecary, PLC | $105,100 |
| Riverside Dental, P. A. | $101,722 |
| Fast Factory, LLC | $98,600 |
| Jon M. Anderson D. C., Ltd. | $96,300 |
| Valley Green Companies | $91,200 |
| RSBR Motel | $91,200 |
| Woodland Homes Incorporated | $86,700 |
| Lawson Family Dental, P. A. And Kejl, LLC | $84,500 |
| Advanced Care Pet Hospital, P. A. | $83,200 |
| Joes Excavating, Inc. | $77,700 |
| Central Minnesota Exterior Specialists | $75,000 |
| Dilley Insurance Brokers, LLC | $71,700 |
| Pine Cone Pet Hospital, P. A. | $71,700 |
| Karki Growth Group, Inc. | $71,000 |
| Anderson Insurance and Financial Services, Inc. | $69,955 |
| Philip E Peichel Agency, Inc. | $68,700 |
| Schaefer Financial Group, LLC | $64,848 |
| Danny Chapman | $60,742 |
| J. Maiers, CPA, LLC | $59,300 |
| Infinity Homes, Inc. | $58,800 |
| Artisan Renovation and Design, LLC | $56,800 |
| Welch Dental Care PA | $55,754 |
| Saxton Swim Schools Incorporated | $53,200 |
| TT Construction Specialties, Inc. | $51,600 |
| Nelson Personal Injury, LLC | $49,900 |
| First United Methodist of the Saint Cloud Region | $48,500 |
| Hedtke Insurance Agency, Inc. | $47,820 |
| Inteleconnect, Inc. | $47,700 |
| Vandalia Health, PLLC | $46,600 |
| Knotty Paws, LLC | $43,500 |
| Schefers Excavating, Inc. | $43,414 |
| JBMJ Company, Inc. | $42,800 |
| Central Lakes Oral & Facial Surgery | $41,600 |
| Chiropractic Performance Center, P. A. | $41,340 |
| Headlines Salon & Spa | $40,100 |
| Mckinney Homes, LLC | $40,075 |
| Lamphere Insurance Group, LLC | $39,800 |
| Fine Line Paint, LLC | $38,800 |
| Artistic Smile Dental Center, PLLC | $37,900 |
| Deuces Wild, LLC | $37,750 |
| Girltime Getaways, LLC | $35,500 |
| Krillan, Inc. | $34,942 |
| Quantum Chiropractic, P. A. | $34,500 |
| Gregory Pippert PA, M.D. | $34,500 |
| Wins Enterprises, Inc. | $33,547 |
| Gary's Pizzeria, Inc. | $32,900 |
| Jovial Foster Care, LLC | $32,700 |
| Kent Davis Ltd., M.D. | $32,500 |
| Tricare Medical Staffing, Inc. | $32,500 |
| Grime Stoppers of St. Cloud, Inc. | $32,300 |
| Agency North Real Estate, Inc. | $32,200 |
| Les Voyageurs Incorporated | $32,100 |
| Schultz Engineering and Site Design, PLLC | $31,935 |
| Lakes Agency, LLC | $31,000 |
| Sartell Youth Recreation Center | $30,800 |
| Marnantelis Pizza, Inc. | $29,947 |
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