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 |
|---|---|
| Oftedal Construction, Inc. | $3,855,216 |
| Eastern Montana Community Mental Health Center | $870,922 |
| Montana Health Network, Inc. | $800,500 |
| Victory Insurance Company, Inc. | $484,052 |
| Notbohm Motors, Inc. | $384,467 |
| Steadman's Hardware, Inc. | $357,250 |
| Black Iron Properties, LLC | $302,442 |
| M & C Beverage, Inc. | $258,600 |
| Mac@S Frontierland, Inc. | $253,339 |
| Rolling Rubber, LLC | $237,000 |
| Cross Four Ranch | $225,727 |
| Developmental Educational Assistance Program of Southeastern | $223,180 |
| Diamond J Construction, LLC | $212,700 |
| Stevenson & Sons Funeral Homes | $186,390 |
| Western Powders, Inc. | $185,222 |
| Jack's Body Shop | $180,962 |
| Anderson Stevenson Wilke Funeral and Cremation Services, Inc. | $174,179 |
| Muggli Bos, Inc. | $173,322 |
| Riverside Marine & Cycle, LLC | $172,932 |
| Eckart Trucking | $168,342 |
| Yellowstone Environmental Contracting, LLC | $158,103 |
| Deluxe Motors, Inc. | $157,000 |
| Fulkerson Funeral Home, Inc. | $152,992 |
| R Double S, LLC | $140,000 |
| Doeden Construction Company | $136,790 |
| Equipment Management Solutions, LLC | $134,825 |
| Yerger Family Dental | $129,239 |
| Sacred Heart Church and Schools | $127,508 |
| Regan Plumbing and Heating | $124,700 |
| Gallagher's Game Time Grill | $121,472 |
| Frank's Body Shop | $121,047 |
| Miles City Livestock Commissio | $113,859 |
| Miles City Sanitation | $113,684 |
| Stallard & Associates, PC | $113,276 |
| Red Rock Sporting Goods | $112,788 |
| Charles Moore, Inc. | $111,987 |
| Western Proline, LLC | $104,594 |
| Hogan Family Dental, PC | $104,065 |
| Jerke Livestock, Inc. | $103,750 |
| Lucas & Tonn, P.C. | $97,707 |
| Barkan Backhoe and Trenching, Inc. | $95,506 |
| Miles City Motor Supply | $94,966 |
| Miles City Vision Clinic, P.C. | $93,020 |
| Frare Trucking, Inc. | $92,318 |
| Big SKY Pharmacy | $92,007 |
| AYE Family Dentistry | $87,985 |
| Cowtown Agent Supply, LLC | $85,805 |
| Tightline Design, LLC | $85,000 |
| East Main Animal Clinic, PLLC | $83,662 |
| Big SKY Smile Center, Inc. | $80,400 |
| Clayton Stevenson Memorial Chapel, LLC | $79,560 |
| Singleton Farms | $76,957 |
| Daniel C Brooke, M.D. | $75,922 |
| John Muggli Contracting | $75,000 |
| Gordon Repair, LLC | $74,548 |
| Watts Insurance, Inc. | $74,002 |
| Mexico Lindo, Inc. | $73,970 |
| Stevenson Design, Inc. | $67,800 |
| Bobcat of Miles City, LLC | $67,600 |
| Fleming Family Investments, LLC | $67,500 |
| Board by Board Construction, LLC | $67,036 |
| Mew Mew, Inc. | $64,705 |
| Town & Country Club of Miles City, Inc. | $63,417 |
| Kykokyrt, LLC | $62,750 |
| Quality Meats of Montana, LLC | $60,525 |
| Lone Buckaroo | $60,000 |
| Marta H King PC, M.D. | $58,672 |
| Airport INN, Inc. | $58,000 |
| Solaris Feeders, LLC | $57,500 |
| Two Rivers Title, LLC | $56,130 |
| Miles City Subway, in. | $54,002 |
| Miles City Insurance Services, Inc. | $52,945 |
| 600 Cafe, Inc. | $52,293 |
| Simpson Honey Farms | $52,017 |
| ABC Glass and Signs, Inc. | $52,000 |
| Beardsley Fencing, LLC | $51,524 |
| Hong 2K, Corporation | $51,500 |
| Hartco, Inc. | $49,384 |
| Trinity Evangelical Lutheran Church LCMS | $48,510 |
| 1985 Entertainment, LLC | $47,773 |
| Montana Claims Service of Miles City, Inc. | $47,750 |
| Mike Wacker Trucking | $47,385 |
| Niedge Livestock, LLC | $45,199 |
| S Farms | $44,360 |
| Extreme Ice, Inc. | $43,900 |
| Wacker Farms | $43,825 |
| Big SKY Cremation & Twitchell | $43,656 |
| Diamond J Cattle, LLC | $43,400 |
| Miles City Saddlery | $43,205 |
| Lohman Supply, Inc. | $41,325 |
| Bice Ranch, LLC | $41,200 |
| Lonaire Flying Service, Inc. | $40,392 |
| Fred Wacker Agency, Inc. | $39,290 |
| Michael R. Haughian | $39,122 |
| Diamond J Redi-Mix, LLC | $38,200 |
| Dispose All, LLC | $38,050 |
| Eastern Montana Casa Gal, Inc. | $36,714 |
| Miner House Inn | $35,875 |
| Krutzfeldt & Jones, LLP | $35,573 |
| Custer County Conference of the Society of St. Vincent Depaul | $35,388 |
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