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PPP loans in Itasca County, Minnesota

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 1,377 Paycheck Protection Program loans for businesses it recorded in Itasca County, $90.5 million in all.

Itasca County, as of September 30, 2024

$90.5 million
Approved
$90,538,536
0.5% of the $16.6 billion approved in Minnesota.
1,377
Loans
1,051 first draws and 326 second draws.
99.3%
Forgiven
1,368 of 1,377 loans carry a forgiveness amount, $90.2 million in all.
0.4%
Charged off
6 of 1,377 loans, approved for $120.4 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Itasca County · 2020–21

1 more column on a wider screen

The largest borrowers in Itasca County, 2020–21
RankNameUSD
1Lake Country Power, Cohasset$3.1 million
2North Homes Inc, Grand Rapids$2.9 million
3Northland Counseling Center In., Grand Rapids$2.6 million
4Northern Industrial Erectors, Grand Rapids$2.5 million
5Casper Construction, Inc., Grand Rapids$2.2 million
6Northern Itasca Hospital District, Bigfork$2.1 million
7Northern Industrial Erectors Inc., Grand Rapids$2.0 million
8Arrowhead Promotion & Fulfillment Co. Inc., Grand Rapids$1.6 million
9Hammerlund, Inc, Grand Rapids$1.5 million
10Arrowhead Promotion & Fulfillm, Grand Rapids$1.5 million
11Progressive Care, LLC, Grand Rapids$1.3 million
12Hawkinson Construction Co Inc, Grand Rapids$1.2 million
13Encompass Pipeline LLC, Grand Rapids$1.0 million
13Encompass Pipeline LLC, Grand Rapids$1.0 million
15Industrial Lubricant Company, Grand Rapids$937.8 thousand
16Grand Hospitality LLC, Grand Rapids$891.8 thousand
17Lake States Tree Service Inc, Grand Rapids$865.3 thousand
18Knv Restaurants, Grand Rapids$853.2 thousand
19Industrial Lubricant Company, Grand Rapids$841.6 thousand
20Airmark, Inc, Cohasset$755.3 thousand
21Personnel Dynamics LLC, Grand Rapids$742.4 thousand
22Hawk Construction, Inc., Grand Rapids$726.5 thousand
23Northern Star Cooperative Service, Deer River$682.0 thousand
24Emeralds At Grand Rapids, Grand Rapids$664.3 thousand
25Knv Restaurants, Inc., Grand Rapids$609.4 thousand
26Sandstrom's Inc, Grand Rapids$583.7 thousand
27Grand Rapids Chevrolet Buick Gmc Cadillac Inc, Grand Rapids$533.8 thousand
28Jk Mechanical Contractors, Inc, Nashwauk$492.7 thousand
29Mnstar Technologies, Inc., Grand Rapids$487.1 thousand
30Scheff Logging & Trucking Inc, Marcell$476.2 thousand
31William J. Schwartz & Sons, Inc., Bovey$471.5 thousand
32Scheff Logging & Trucking Inc, Marcell$456.7 thousand
33Bender's Shoe & Sport, Inc, Grand Rapids$443.4 thousand
34Ohc LLC, Grand Rapids$441.0 thousand
35Absolute Pca LLC, Grand Rapids$430.8 thousand
36The Lodge At Sugar Lake LLC, Cohasset$425.7 thousand
37Brookstone Manor, Inc., Grand Rapids$393.0 thousand
38Children's Mental Health Services, Grand Rapids$376.0 thousand
38Children's Mental Health Services/Reach Inc., Grand Rapids$376.0 thousand
40Lake States Construction Inc, Grand Rapids$360.5 thousand
41Schwartz Redi-Mix Inc., Bovey$358.5 thousand
42Grand Rapids Automotive, Inc, Grand Rapids$356.3 thousand
43John L. Bonner Eye Clinic Ltd., Grand Rapids$352.8 thousand
44Wille Transport Inc, Cohasset$350.0 thousand
45Meds-1 Ambulance Service Inc, Grand Rapids$339.6 thousand
46Midwest Manufacturing & Mechanical, Inc., Nashwauk$334.1 thousand
46Midwest Manufacturing And Mechanical Inc, Nashwauk$334.1 thousand
48Mesabi Metallics Company LLC, Nashwauk$331.1 thousand
49New Camps Inc., Grand Rapids$307.3 thousand
50Glorvigen & Assocaites Pa, Grand Rapids$306.9 thousand
51The Lodge At Sugar Lake, LLC, Cohasset$304.0 thousand
52John L. Bonner Eye Clinic, Ltd, Grand Rapids$300.2 thousand
53Rajala Timber Company, Deer River$292.0 thousand
54Hernesman And Sons Inc, Grand Rapids$286.8 thousand
55Broking's Transport Incorporated, Grand Rapids$286.6 thousand
56Itasca County Family Ymca, Grand Rapids$284.1 thousand
57Winding Road Construction Inc., Bigfork$283.6 thousand
58Forest Lake Restaurant Inc., Grand Rapids$280.2 thousand
59Ives Family LLC, Grand Rapids$277.3 thousand
60K & Q Enterprises Inc., Grand Rapids$276.8 thousand
61Northern Lights Community School, Warba$276.5 thousand
62Schwartz Redi-Mix, Inc., Bovey$273.1 thousand
63Itasca County Family Ymca, Inc, Grand Rapids$272.9 thousand
64Winding Road Construction, Inc., Bigfork$265.5 thousand
65Anderson Glass Co. Inc, Grand Rapids$262.6 thousand
66Hope House Of Itasca County Inc, Grand Rapids$261.8 thousand
67Hope House Of Itasca County, Inc, Grand Rapids$261.7 thousand
68Bella Mente Inc, Grand Rapids$259.7 thousand
69Vermont Country Soap Corporation, Keewatin$257.3 thousand
70Holmstrom's Inc., Grand Rapids$257.3 thousand
71Lakeplace Retreat Center Inc., Bovey$250.7 thousand
72Northern Lakes Dental Of Grand Rapids, Mn Pa, Grand Rapids$245.6 thousand
73Northern Lakes Dental Of Grand Rapids Mn P.A., Grand Rapids$243.6 thousand
74Northland Machine, Inc., Grand Rapids$241.0 thousand
75Prairie River Minerals LLC, Grand Rapids$235.7 thousand
76Anderson Glass Company Inc, Grand Rapids$227.8 thousand
77Northland Machine Inc., Grand Rapids$224.4 thousand
78Grand Investments Group, Inc., Cohasset$220.4 thousand
79St. Joseph's Church, Grand Rapids, Mn, Grand Rapids$218.0 thousand
80Commercial Specialty Contracting Inc., Nashwauk$217.9 thousand
81Grand Investments Group Inc., Cohasset$212.2 thousand
82Midwest Amphibious Equipment LLC, Cohasset$210.6 thousand
83Ohman Pump Service LLC, Coleraine$206.4 thousand
84Home And Comfort Inc. Of Grand Rapids Mn, Coleraine$204.5 thousand
85Latvala Lumber Co., Grand Rapids$201.9 thousand
86Forest Lake Restaurant Inc, Grand Rapids$200.1 thousand
87Commercial Specialty Contracting, Inc., Nashwauk$200.0 thousand
88Minnesota Deer Hunters Association, Grand Rapids$199.9 thousand
89First Call For Help Of Itasca County, Grand Rapids$197.1 thousand
90Maple Woods, Inc, Cohasset$191.6 thousand
91Itasca Reliable Insurance Agency, Inc., Grand Rapids$188.8 thousand
92Reif Arts Council, Grand Rapids$184.4 thousand
93Trm 2 Inc, Grand Rapids$181.1 thousand
94Itasca Utilities, Inc., Grand Rapids$180.2 thousand
95Miskovich Dental Clinic Pc, Grand Rapids$179.5 thousand
96Verta Corporation, Grand Rapids$179.1 thousand
97Greg Cook Logging Inc., Bigfork$179.0 thousand
98Northern Air Plumbing & Heating Of Grand Rapids, Inc., Grand Rapids$174.1 thousand
99Lakeview Behavioral Health Inc, Grand Rapids$170.5 thousand
100Maki Body Shop, Grand Rapids$169.4 thousand

How the list is drawn

  • 100 of the 1,305 borrowers ranked in Itasca 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 Itasca 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.

Sources

Data retrieved