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 57785
| Name of Borrower | Current Approved Amount |
|---|---|
| CBH Company-Op | $1,575,160 |
| Precision Rail Stress Testing, Inc. | $634,800 |
| Homeslice Media Group, LLC | $463,300 |
| Jay Grubl Excavating, LLC | $353,600 |
| Scott Peterson Motors of Sturgis, LLC | $345,300 |
| Key City Enterprises, LLC | $282,425 |
| Black Hills Title, Inc. | $276,000 |
| TJ Loftus Dental, PC | $262,500 |
| Mcgas, LLC | $258,500 |
| Traffic Services Company, LLC | $254,973 |
| Independent Cycle, Inc. | $243,742 |
| Homeslice Management, LLC | $210,200 |
| Gelcoe Campresort II, LLC | $206,120 |
| Buffalo Chip Campground, LLC | $201,200 |
| Northern Hills Veterinary Clinic, PC | $198,772 |
| Northern Hills Alcohol and Drug | $171,724 |
| Horizon Machine | $163,800 |
| County Drug, Inc. | $143,742 |
| G&G Enterprises and Jacque, Inc. | $137,500 |
| Iverson Construction, Inc. | $124,785 |
| Rockingtree Landscape, Inc. | $115,500 |
| Advanced Aluminum Structures, Inc. | $114,000 |
| Jakes Garage, Inc. | $113,750 |
| High Gear, Inc. | $113,600 |
| JRG Power, LLC | $113,000 |
| Jambonz | $105,200 |
| Rogers Construction, Inc. | $96,943 |
| Willie Nillie, Inc. | $92,300 |
| Owens Interstate Sales, Inc. | $92,209 |
| Action for Betterment of the Community | $90,000 |
| Homeslice Corporation | $89,700 |
| Little Promises University, LLC | $87,500 |
| Sturgis Chiropracitc, PC | $87,500 |
| Northern Hills Eye Care, Professional, LLC | $82,024 |
| Lotta's Mexican Foods, Inc. | $74,300 |
| Longrifles, Inc. | $72,023 |
| Enviro Shield Products | $70,200 |
| Kinkade Funeral Chapel | $68,252 |
| Kan-Meyer, Inc. | $67,500 |
| Megan Beckwith PC, D.M.D. | $67,270 |
| Wabr Incorporated | $65,400 |
| Mako Enterprises, Inc. | $64,542 |
| Matthew Hatch | $63,283 |
| Sturgis Sawmill | $61,150 |
| Old West Enterprises, LLC | $59,850 |
| Simons and Silver CPA, PC | $57,233 |
| Tom's T's, Inc. | $55,223 |
| Sturgis Transit, LLC | $54,700 |
| Akela Spa of Deadwood | $54,200 |
| Sturgis Super 8 Motel, Inc. | $53,700 |
| DE-Tye Vet Supply, Inc. | $48,400 |
| Sabers Agency, Inc. | $47,835 |
| Khan Holdings Sturgis, LLC | $46,500 |
| Boulder Canyon Country Club | $46,268 |
| JMH, LLC | $45,700 |
| One-Eyed Jack's Saloon of Sturgis, Inc. | $45,452 |
| Black Hills Executive Lodging, Inc. | $44,100 |
| Hullingercuny, LLC | $43,800 |
| Northern Hills Gymnastics, LLC | $42,721 |
| Uncle Louies | $41,773 |
| Short Construction, Inc. | $41,250 |
| Baseline Surveying, Inc. | $40,000 |
| Rainbow Bible Ranch | $39,473 |
| Sturgis Motorcycle Museum & Hale Fame | $37,500 |
| Packer Concrete Construction, Inc. | $36,592 |
| Levin Ranch, Inc. | $36,300 |
| Jackson Winery and Vineyards, LLC | $36,300 |
| Koala Electric, Inc. | $35,564 |
| Legendary Electric, LLC | $35,200 |
| Lifespring Wesleyan Church | $35,080 |
| Brewster Enterprise, LLC | $34,500 |
| The Moving Guys, LLC | $34,375 |
| Renatus Woodworks | $33,590 |
| Thomson Law, PC | $33,405 |
| Pleasant Valley Cattle Company, Inc. | $32,700 |
| Michael Strain, PC | $32,500 |
| E. Heisinger Agency, Inc. | $31,861 |
| Wilcon Enterprises, Inc. | $31,400 |
| Black Hills Drywall, Inc. | $31,010 |
| PSI Enterprises, LLC | $30,383 |
| Premier Choice Contracting, LLC | $30,180 |
| Sturgis Auto Parts, Inc. | $29,500 |
| Hilpert & Hale, Professional, LLC | $29,500 |
| CMW, Inc. | $29,200 |
| West River Foundation | $29,000 |
| Fowler Insurance Agency, Inc. | $28,348 |
| Sturgis Physical Therapy, Inc. | $26,943 |
| Black Hills Manufacturing Services | $26,300 |
| Full Curl Construction | $26,097 |
| Days END Campground, Inc. | $25,940 |
| Ilevel Construction, LLC | $24,700 |
| Anderson Machine Shop, Inc. | $24,600 |
| Black Hills Rally & Gold, Inc. | $24,415 |
| Gustafson | $24,250 |
| Millar Angus | $23,920 |
| Dick & Jane's of Sturgis, LLC | $23,655 |
| St. Francis of Assisi Catholic Church | $23,518 |
| Farm Service & Repair | $23,422 |
| GRB Enterprise, Inc. | $23,000 |
| Nathaniel Forrest Nelson Law Professional, LLC | $22,515 |
| Execuspa, LLC | $22,245 |
| Grace Lutheran Church | $22,100 |
| J and L Heil Investment, Inc. | $21,601 |
| Oak Ridge Consulting | $20,833 |
| KLS, LLC | $20,832 |
| Teppo Consulting, LLC | $20,832 |
| Williams Properties and Design, LLC | $20,830 |
| Thompson Ranch, Inc. | $20,788 |
| Dakota Drywall, Inc. | $20,170 |
| Christopher J. Grubl | $19,300 |
| Majr, LLC | $19,250 |
| The First United Methodist Church of Sturgis | $18,943 |
| Dowden Creative Construction, LLC | $18,444 |
| Aker Agency, Inc. | $17,400 |
| Meade Post #33 American Legion Sturgis SD | $17,208 |
| Jacobs Auto Repair | $17,200 |
| Elite Auto Touch-Up, LLC | $16,143 |
| Anderson Sand and Gravel, LLC | $16,002 |
| MB Enterprises, Inc. | $15,537 |
| Winter Construction | $15,395 |
| Lisa Lundstrom Chiropractic, PC | $15,200 |
| DW Management, LLC | $15,200 |
| Lucy's Nearly New Shoppe | $14,650 |
| DC Lamphere Studio | $13,840 |
| Shanghai Garden, Inc. | $13,724 |
| Integrity Heating and Sheetmetal, Inc. | $13,500 |
| Audey Anderson | $13,490 |
| Jeffrey E Dekraai, LLC | $12,500 |
| Jubal Pillen | $12,500 |
| Max Baker | $12,462 |
| Bart N. Jorensen | $12,092 |
| L & J Trucking, LLC | $11,835 |
| Donaldson Trucking, LLC | $11,820 |
| M & K Olson Trucking, LLC | $11,620 |
| American Exteriors & Renovation, Inc. | $11,526 |
| Lightshoe | $11,220 |
| Hay Grinding | $11,000 |
| Sturgis Motor Company | $10,415 |
| Properties Unlimited Realty, LLC | $10,332 |
| Meade County Senior Citizens Center Association | $9,910 |
| Black Hills Family Practice, Inc. | $9,615 |
| Mountain View Ranches, LLC | $9,600 |
| Team INK 3, LLC | $9,382 |
| Allen Duprel Ranch | $9,300 |
| ADD, Inc. | $9,230 |
| Sturgis Real Estate & Auctions, Inc. | $9,132 |
| Eam Insurance | $9,125 |
| CB & B Aviation, LLC | $9,000 |
| Sigler Design Group, LLC | $8,900 |
| Flex Fitness, LLC | $8,900 |
| A & A Sturgis Investments | $8,333 |
| Cedar Creek Transportation, LLC | $8,312 |
| BH Above & Beyond Tours, LLC | $7,670 |
| Triple Creek Ranch | $7,500 |
| Kelly Evans Trucking, LLC | $7,340 |
| Rivers Edge Landing, LLC | $7,207 |
| Andy's Golf Cart Repair | $7,200 |
| ECM Parks and Recreation, Inc. | $6,927 |
| Allison Real Estate, LLC | $6,645 |
| Zappa Transport, LLC | $5,896 |
| Hardwoods Cabinetry | $5,723 |
| Groeneweg Builders, LLC | $5,713 |
| Fjelstad Professional Services, LLC | $5,532 |
| Trustee Enterprise | $5,400 |
| Curb Creations | $5,220 |
| Judd Hoos & Funk Production, LLC | $5,190 |
| Kountry Junkin | $5,030 |
| Competition Distributing | $5,000 |
| Jim's Auto Salvage & Recycling | $4,290 |
| Envy, LLC | $3,835 |
| Creative Brodcast Services, LLC | $3,810 |
| Hollie Jeffery | $3,641 |
| Joe Bertus Trucking, LLC | $3,450 |
| Iron Horse Campground, LLC | $3,416 |
| A Shoe in, LLC | $3,200 |
| Harkin's Backhoe Service, LLC | $2,990 |
| Jo-Ann Stiles | $2,545 |
| Gottcha Covered | $1,232 |
| CJ Yushta Photography | $1,167 |
| Kristen Richter | $1,135 |
| Deadwood Doghouse, LLC | $1,100 |
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