Loans of $25,000 were provided to 57 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Bridgewater Behavioral Health.
The average loan amount provided to South Dakota small businesses was $39,784.
One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.
Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.
Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.
A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.
| Borrower Name | Loan Amount | Difference From Average Loan Amount in SD |
|---|---|---|
| Bridgewater Behavioral Health | $25,000 | -$14,784 |
| R and N Development | $25,000 | -$14,784 |
| Thorsness Sorben Construction, LLC | $25,000 | -$14,784 |
| Wieczorek Cattle, LLC | $25,000 | -$14,784 |
| Rankin and Sons, Inc. | $25,000 | -$14,784 |
| Calvary Assempbly of God | $25,000 | -$14,784 |
| Thorsness Sorben Construction, LLC | $25,000 | -$14,784 |
| Walter Farms, Inc. | $25,000 | -$14,784 |
| Lamont Enterprises, LP | $25,000 | -$14,784 |
| David Stevens Concrete Construction, Inc. | $25,000 | -$14,784 |
| Serck Construction, LLC | $25,000 | -$14,784 |
| Ausum Creative, LLC | $25,000 | -$14,784 |
| S & L Holzwarth Farm, Inc. | $25,000 | -$14,784 |
| Upper Deck, Inc. | $25,000 | -$14,784 |
| Nor-Technician Dairy Advisors, Inc. | $25,000 | -$14,784 |
| Quality Health Clinic, PLLC | $25,000 | -$14,784 |
| Kodiak Oil & Mineral Company, LLC | $25,000 | -$14,784 |
| QH Transport Services, LLC | $25,000 | -$14,784 |
| Jim Schramm Architect, LLC | $25,000 | -$14,784 |
| Lapka Farms, Inc. | $25,000 | -$14,784 |
| Integrity Insurance Group, LLC | $25,000 | -$14,784 |
| Christ the King Lutheran Church | $25,000 | -$14,784 |
| Christ the King Lutheran Church | $25,000 | -$14,784 |
| Deadwood Miners, LLC | $25,000 | -$14,784 |
| Auto Doctor, Inc. | $25,000 | -$14,784 |
| Auto Doctor, Inc. | $25,000 | -$14,784 |
| Maverick Black Hills Souvenir, LLC | $25,000 | -$14,784 |
| RLZ Trucking, LLC | $25,000 | -$14,784 |
| Meland Farm | $25,000 | -$14,784 |
| Flatland Concrete, Inc. | $25,000 | -$14,784 |
| The United Way of Northeastern South Dakota | $25,000 | -$14,784 |
| George's Sanitation, Inc. | $25,000 | -$14,784 |
| DTV Pros, LLC | $25,000 | -$14,784 |
| A & E Marina, LLC | $25,000 | -$14,784 |
| Dakota Vision Agent, Inc. | $25,000 | -$14,784 |
| Kodiak Oil & Mineral Company, LLC | $25,000 | -$14,784 |
| R. M. Vanderwal Trucking, Inc. | $25,000 | -$14,784 |
| Bury Farms, Inc. | $25,000 | -$14,784 |
| Bork & Sons, Inc. | $25,000 | -$14,784 |
| East River Nursery | $25,000 | -$14,784 |
| MM Ranch, Inc. | $25,000 | -$14,784 |
| Kids in Motion, Inc. | $25,000 | -$14,784 |
| Kids in Motion, Inc. | $25,000 | -$14,784 |
| Kids in Motion, Inc. | $25,000 | -$14,784 |
| Steffen Construction, LLC | $25,000 | -$14,784 |
| Stewart & Daughters, Inc. | $25,000 | -$14,784 |
| Professional Pro Cleaners | $25,000 | -$14,784 |
| Lindstad Alignment, Inc. | $25,000 | -$14,784 |
| Ausum Creative, LLC | $25,000 | -$14,784 |
| Yankton Catholic Community Foundation | $25,000 | -$14,784 |
| Quality Health Clinic Professional, LLC | $25,000 | -$14,784 |
| Mike-N-Jo's Body-N-Glass | $24,981 | -$14,803 |
| Steve Langland Trucking, Inc. | $24,975 | -$14,809 |
| Simental Logging, LLP | $24,971 | -$14,813 |
| Simental Logging, LLP | $24,971 | -$14,813 |
| Prime Medical Solutions, LLC | $24,967 | -$14,817 |
| River's Edge Landscaping, LLC | $24,940 | -$14,844 |
| Widhalm Farms, Inc. | $24,938 | -$14,846 |
| Broadwater 2014, Inc. | $24,934 | -$14,850 |
| Bucks & Trucks, LLC | $24,933 | -$14,851 |
| Club Vega, LLC | $24,932 | -$14,851 |
| SD Suds, LLC | $24,930 | -$14,854 |
| Specialty Installation, LLC | $24,920 | -$14,864 |
| Burly Builders, LLC | $24,912 | -$14,872 |
| BHB Investments, LLP | $24,900 | -$14,884 |
| Paulsen Midwest Landscaping Company | $24,900 | -$14,884 |
| Parkside Chiropractic Center, P.C. | $24,900 | -$14,884 |
| Huron Custom Meats | $24,900 | -$14,884 |
| Campbell Grading Company | $24,900 | -$14,884 |
| Stukel's Angus Ranch, LLC | $24,900 | -$14,884 |
| Cheeseman Financial | $24,900 | -$14,884 |
| Lifebrook, LLC | $24,900 | -$14,884 |
| Pope Pius XII Newman Center | $24,900 | -$14,884 |
| Parkside Chiropractic Center, PC | $24,900 | -$14,884 |
| Glammeier Enterprises, LLC | $24,900 | -$14,884 |
| QH Transport Services, LLC | $24,900 | -$14,884 |
| Banana, Inc. | $24,900 | -$14,884 |
| Toronto Cafe & Lounge, LLC | $24,900 | -$14,884 |
| Feldhaus Trucking, Inc. | $24,900 | -$14,884 |
| Morning Star Family Ministries | $24,895 | -$14,889 |
| All Pro Towing & Repair, LLC | $24,894 | -$14,890 |
| Stan and Ollies Carpet Cleaning Service | $24,890 | -$14,894 |
| Brookings Fitness | $24,887 | -$14,897 |
| Dyesville Angus, LLC | $24,880 | -$14,904 |
| DTV Pros, LLC | $24,875 | -$14,909 |
| Total Auctions and Real Estate, LLC | $24,865 | -$14,919 |
| Arlington Chiropractic & Acupuncture, PC | $24,863 | -$14,921 |
| Orchard Roofing, LLC | $24,857 | -$14,927 |
| Jane Rae Event Planning, LLC | $24,852 | -$14,932 |
| Iron Mountain Electric, LLC | $24,845 | -$14,939 |
| Brides 'n' Belles | $24,843 | -$14,941 |
| Mmga, LLC | $24,836 | -$14,948 |
| Wayne Nelson | $24,833 | -$14,951 |
| Wayne Nelson | $24,833 | -$14,951 |
| TRC Steel Buildings & Fence, LLC | $24,820 | -$14,964 |
| Cal Weidenbach Construction | $24,815 | -$14,969 |
| Quality Nut & Bolt Company | $24,806 | -$14,978 |
| Gustad & Gustad, Inc. | $24,800 | -$14,984 |
| No Limits Soil Services, LLC | $24,800 | -$14,984 |
| Dean Townsend Farm, Inc. | $24,800 | -$14,984 |
Alerts Sign-up