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PPP loans in Cottonwood County, Minnesota

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 1,259 Paycheck Protection Program loans for businesses it recorded in Cottonwood County, $35.5 million in all.

Cottonwood County, as of September 30, 2024

$35.5 million
Approved
$35,526,539
0.2% of the $16.6 billion approved in Minnesota.
1,259
Loans
878 first draws and 381 second draws.
99.4%
Forgiven
1,251 of 1,259 loans carry a forgiveness amount, $35.6 million in all.
0.3%
Charged off
4 of 1,259 loans, approved for $54,304. That is the loans' size, not what SBA lost.

The largest borrowers in Cottonwood County · 2020–21

1 more column on a wider screen

The largest borrowers in Cottonwood County, 2020–21
RankNameUSD
1Windom Area Hospital, Windom$1.9 million
2Staples Enterprises Inc, Windom$891,200
2Staples Enterprises, Inc, Windom$891,200
4Kbq Inc, Mountain Lake$674,725
5Staples Oil Co., Inc, Windom$514,570
6Staples Oil Co Inc, Windom$514,500
7Country Pride Services Cooperative, Bingham Lake$500,000
8Best Oil LLC, Windom$430,800
8Best Oil, LLC, Windom$430,800
10Balzer Inc., Mountain Lake$404,756
11Ggmn LLC, Windom$374,400
12Bennett Trucking Inc, Windom$372,700
13Mifek Enterprises Inc., Mountain Lake$365,900
13Mifek Enterprises, Inc., Mountain Lake$365,900
15Balzer, Inc, Mountain Lake$335,100
16Windom Duffy's Inc., Windom$278,379
17Schwalbach Holdings Inc., Windom$252,000
18Scott Veenker, Windom$250,350
19Oddson Underground, Inc., Windom$241,800
20Watonwan Enterprises Inc, Mountain Lake$238,302
21Nickel Construction Inc., Mountain Lake$235,100
22Hometown Sanitation Services LLC, Windom$224,100
23Mountain Lake Automotive LLC, Mountain Lake$223,020
24Jeffers Dray Line, Inc, Jeffers$221,788
25Westbrook Ag Power, Inc., Westbrook$186,200
26Higley Ford Sales Co Inc, Windom$180,700
27Midway Farm Equipment, Inc., Mountain Lake$178,800
28Fairland Management Company, Windom$176,492
29Fairland Management Company, Windom$172,200
30Schwalbach Hardware Inc., Windom$160,400
31Ron's Electric, Inc, Westbrook$151,077
32River Foods, Inc, Windom$150,000
33Cottonwood Veterinary Clinic, Pc, Windom$146,100
34Rolling Prairie Farm Inc., Mountain Lake$140,058
35Mt Lake Christian School, Mountain Lake$139,327
36Cottonwood County Developmental Achievement Center Inc, Windom$133,692
37Mountain Lake Christian, Mountain Lake$132,200
38Boening Brothers Construction Service LLP, Amboy$131,700
39Cottonwood Ciunty Developmental Achievement Center, Windom$130,000
40Citizen Publishing Company, Inc, Windom$129,100
41Mscki, LLC, Windom$128,700
42Midwest Ag Advisors, Inc., Windom$101,300
43Kuehl Transit Inc, Heron Lake$94,500
44Gregory Romsdahl, Butterfield$94,400
45Dc Utilities LLC, Windom$91,000
46Ok Enterprises LLC, Mountain Lake$89,737
47Elite Mechanical Systems, Windom$86,200
48Peschges Construction LLC, Butterfield$83,825
49Rdj Farms LLC, Storden$82,500
50Optical Xperts, LLC, Windom$75,300
51Cottonwood Farm LLC, Mountain Lake$71,599
52Alliance Missionary Church, Mountain Lake$70,100
53Tony Dick, Mountain Lake$69,606
54Troy Erickson, Westbrook$69,325
55Gdf Enterprises Inc, Windom$69,100
56Windom Farm Service LLC, Windom$68,500
57Minnesota Supreme Feeders Inc., Lamberton$68,067
58Tony Dick Enterprises, Mountain Lake$65,000
59Dick's Welding Inc, Windom$62,900
60Burton Stoesz, Mountain Lake$62,479
61Plaza Jalisco Ii Co, Windom$62,400
62Phat Pheasant Pub Inc., Windom$61,771
63Scott Rahn, Bingham Lake$61,544
64Lacanne Family Funeral Service, Inc., Windom$60,700
65Mark Pankonin Farm, Lamberton$60,000
65Partners Advantage Midwest, LLC, Windom$60,000
67Fr2, LLC, Windom$59,900
68American Lutheran Church, Windom$59,400
69Juhl Stavnes, Lamberton$59,240
70James A Thompson, Windom$58,100
71James Thompson, Windom$58,095
72Minnesota Supreme Feeders, Inc., Lamberton$57,900
73Lacanne Family Funeral Service Inc, Windom$57,700
74Jeffers Implement Service LLC, Jeffers$57,451
75Paplow Farms Inc, Fulda$57,085
76Paplow Farms Inc, Fulda$57,082
77Bioag Energy Services LLC, Windom$56,920
78Construction Haulers Inc, Jeffers$55,782
79G.P. Nelson, DDS, Pa, Windom$55,600
80Jeffers Implement Service LLC, Jeffers$55,570
81Circle R Farms Inc., Mountain Lake$54,000
82Fast Seed & Precision LLC, Windom$52,435
83Dry Creek Ranch Trucking, Inc., Lamberton$52,400
84Tyson Anderson, Storden$52,081
85Leo Olsem, Fulda$52,072
86Roddy Hanson, Butterfield$50,617
87Eric Jorgenson, Westbrook$50,595
88Holt's Cleaning Service Inc., Windom$50,500
89Rodney Junker, Mountain Lake$49,639
90Defries Collision Center LLC, Windom$49,400
91Windom Towing, LLC, Windom$48,700
92Vfw Post 5098, Westbrook$48,400
93Kenneth Fast, Butterfield$47,926
94Hanefeld Custom Builders, Inc, Windom$47,400
95Krienke Foods International Inc., Mountain Lake$47,285
96Hartberg Medical Clinic, P.A., Windom$46,700
97Smith Automotive Company LLC, Windom$45,967
98Curtis Nagorske, Windom$45,841
99Colin Bennett, Bingham Lake$45,667
100Matthew Wahl, Walnut Grove$44,853

How the list is drawn

  • 100 of the 1,028 borrowers ranked in Cottonwood County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Cottonwood County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Related

Sources

Compiled automatically from SBA Paycheck Protection Program (PPP) FOIA — loan-level data and Census Bureau county population estimates by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved