Minnesota received a total of $11.2 billion, with about 1% flowing to the 58 firms, records show. The private schools are known for educating some of the region’s wealthiest children. Frentz said in a statement that he’s not involved in day-to-day management of the firm because of his Senate duties, but said the firm used the loan in accordance with program requirements. About the author Holy Family Catholic High School, where tuition is over $15,000, got a $350,000-1 million loan. ▪ If you publish online, include the links from the story, and a link to Minnesota Reformer. that the loan helped his company stay afloat when business dropped 60%. Based on the data, between $8,374,250,803 and $16,340,750,803 have been loaned through the Payroll Protection Program to businesses in Minnesota. A total of 328 loans were distributed to Watonwan County, MN leading to a reported 1,771 jobs being retained. Minnesota 13719 Mississippi 3890 Missouri 11459 Montana 2196 Nebraska 4179 Nevada 5542 New Hampshire 3441 New Jersey 21857 New Mexico 3002 New York 46888 North Carolina 16324 North Dakota 2178 56 Ohio 22888 The PPP / Cares Act that was put in place to help business affected by Covid-19 Companies could seek loans of as much $10 million. According to the SBA, more than 4.8 million PPP loans were approved through June 30, with the average loan size being $107,000. Based on the data, between $15,237,038 and $25,737,038 have been loaned through the Payroll Protection Program to businesses in Marshall County, … Rilyn is a Minnesota native and has worked in newsrooms in the Twin Cities, Iowa, Texas and most recently Virginia, where she covered education for The Staunton News Leader. Every weekday morning, J. Patrick Coolican delivers hot political news out of the Minnesota Capitol and Washington, along with fresh insights on what’s really happening and why it matters to Minnesotans. A number of nonprofits were awarded loans, including the Wilder Foundation and the Greater Twin Cities United Way. Based on the data, between $21,938,114 and $38,038,114 have been loaned through the Payroll Protection Program to businesses in Chippewa County, MN. PPP Recipient List: Reading between the Lines Reveals Big Holes for Nonprofits. Follow Minnesota Reformer on Facebook and Twitter. Kresha and Miller didn’t respond to a request for comment. All rights reserved. ▪ If you share the story on social media, please mention mnreformer on Twitter and minnesotareformer on Facebook. Our stories may be republished online or in print under Creative Commons license CC BY-NC-ND 4.0. Summary of PPP Loans in Chippewa County, MN, Heatmap of PPP Loans by Zip Code in Chippewa County, MN, Number of Loans Issued by Date in Chippewa County, MN, Summary of PPP Loans for all Nearby Counties, Summary of PPP Loans by City within Chippewa County, MN, Summary of PPP Loans by Zip Code within Chippewa County, MN. Thousands more businesses received loans under $150,000. The PPP's goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. Based on the data, between $4,067,196 and $7,017,196 have been loaned through the Payroll Protection Program to businesses in Blooming Prairie, MN. More than 200 religious organizations received loans as well, among them the Living Word Christian Center, pastored by Mac Hammond, a minister of the so-called “prosperity Gospel.” Hammond reminds the public on his Twitter page that “God wants you to be a winner in every area of life.” His church Living Word Christian Center was a winner of a $2-5 million PPP loan. For their loans to be forgiven, companies are required to show how many jobs they saved with the money. Summary of PPP Loans in Chippewa County, MN A total of 507 loans were distributed to Chippewa County, MN leading to a reported 3,668 jobs being retained. Holy Family Catholic High School, where tuition is over $15,000, got a $350,000-1 million loan. A $1-2 million loan went to Academy of Holy Angels. Tim Walz’s stay-at-home order, and the catering business is still suffering, he said. According to the data, more than 13,000 employers in Minnesota received a PPP loan. Quite a few information organizations obtained PPP loans: Forbes Media obtained not less than $5 million; The Washington Instances obtained not less than $1 million; The Washingtonian obtained not less than $350,000; The The loans between $150,000 and $10 million supported more than 711,000 jobs in Minnesota, according to the PPP data. More than 85% of the loans to Minnesota organizations — 84,417 altogether — were less than $150,000. to show how many jobs they saved with the money. The federal government withheld the names of the businesses that received these smaller loans, and for loans over $150,000, published amount ranges rather than specific values. The PPP’s goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. For their loans to be forgiven. List Shows Hollywood Talent Agencies, Law Firms, AFI And Kanye West’s Clothing Brand Among Recipients Of COVID-19 Relief Click here to read the full article. Four state legislators have ownership stake in companies that received PPP loans, while another nine work for organizations that received loans, a Reformer analysis found. Browse PPP Loans By State. In total, more than 98,000 loans were issued to Minnesota businesses through the Paycheck Protection Program, or PPP, intended to help small businesses weather the economic fallout from the COVID-19 pandemic. We're excited to introduce our PPP loan data search tool. Based on the data, between $11,846,782 and $18,846,782 have been loaned through the Payroll Protection Program to … This table shows the top 5 industries in Minnesota by number of loans awarded, with average loan amounts and number of jobs reported. Contact Editor Patrick Coolican for questions: info@minnesotareformer.com. Feel free, however, to publish it on a page with ads you’ve already sold. Searchable PPP Loans - Businesses with PPP Loan 2021 Small Business Administration (SBA) released a list of all the businesses with PPP Loan including Bank and business details. The restaurants were closed for weeks under Gov. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. A $150,000-$350,000 loan went to the nonprofit Center of the American Experiment, a conservative think tank that says it “crafts and proposes creative solutions that emphasize free enterprise, limited government, personal responsibility and government accountability.”. The PPP was designed to help companies with fewer than 500 workers maintain payrolls and cover certain expenses like rent for two months. Miller told the Associated Press that the loan helped his company stay afloat when business dropped 60%. A wide range of businesses and nonprofits received loans in Minnesota, including hundreds of health care providers, restaurants and private schools; as well as breweries, bowling alleys and golf courses. CTRL + SPACE for auto-complete. Rilyn Eischens is a data reporter with the Reformer. Copyright © 2020 PPP Directory. Visit our PPP Resource Center for updates on PPP 2 Loans and PPP 1 Loan Forgiveness. A total of 507 loans were distributed to Chippewa County, MN leading to a reported 3,668 jobs being retained. “We are complying with every requirement of the program, and 100 percent of the funds were used on payroll, utilities and rent,” Poston said in the statement. Golden Shovel Agency, the economic development business owned by Rep. Ron Kresha, R-Little Falls, received a $150,000-350,000 loan, as did William Miller Scrap Iron & Metal Co., owned by Sen. Jeremy Miller, R-Winona. From car dealers to construction companies, Minnesota employers hauled in $11.2 billion through the popular Paycheck Protection Program (PPP), ranking the state No. Minnesota Reformer is part of States Newsroom, a network of news outlets supported by grants and a coalition of donors as a 501c(3) public charity. Kresha and Miller didn’t respond to a request for comment. We ask that you edit only for style or to shorten, provide proper attribution and link to our web site. Minnesota. Minnesota Bank & Trust is currently not accepting or processing PPP 2 Loan Applications. Borrowers may be eligible for PPP loan forgiveness. that “God wants you to be a winner in every area of life.” His church Living Word Christian Center was a winner of a $2-5 million PPP loan. American Samoa received the fewest PPP loans, with only 223 businesses approved. Do I still have to wear a mask in Minnesota? The government’s massive trove of national numbers covered 4.9 million PPP loans made to businesses and nonprofits. Currently, the total PPP loans approved is reported at nearly 8.9 million on FederalPay.org. Who Got PPP Loans? All Data Obtained From the SBA. According to the U.S. Small Business Administration, 46,383 applications for PPP were approved statewide for $9,014,060,040. Here’s all 13,718 Minnesota businesses that got PPP loans, Four state legislators have ownership stake in companies that received PPP loans, while another nine work for organizations that received loans, a, Golden Shovel Agency, the economic development business owned by Rep. Ron Kresha, R-Little Falls, received a $150,000-350,000 loan, as did William Miller Scrap Iron & Metal Co., owned by Sen. Jeremy Miller, R-Winona.
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