PPP loans in Lake County, Minnesota

Name: Lake County, Minnesota
Address: MN, US

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 261 Paycheck Protection Program loans for businesses it recorded in Lake County, $15.4 million in all.

Lake County, as of September 30, 2024

$15.4 million
Approved: $15,394,480; 0.1% of the $16.6 billion approved in Minnesota.; 261
Loans: 199 first draws and 62 second draws.; 98.9%
Forgiven: 258 of 261 loans carry a forgiveness amount, $15.4 million in all.; 0.4%
Charged off: 1 of 261 loans, approved for $5.2 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Lake County · 2020–21

The largest borrowers in Lake County, 2020–21
Rank	Name	USD	Loans
1	Two Harbors Machine Shop Inc, Two Harbors	$1.5 million$1,481,100	1
2	Sonju Two Harbors LLC, Two Harbors	$630.6 thousand$630,600	1
3	Wolf Ridge Environmental Learning Center, Finland	$609.6 thousand$609,600	2
4	The Cooperative Light & Power Association Of Lake County, Two Harbors	$519.6 thousand$519,608	1
5	North Shore Commerical And Residential Services LLC, Silver Bay	$505.2 thousand$505,233	1
6	Betty's Pies Inc, Two Harbors	$485.5 thousand$485,460	1
7	Castle Danger Brewing Co. LLC, Two Harbors	$432.3 thousand$432,300	1
8	Castle Danger Brewing Co. LLC, Two Harbors	$390.3 thousand$390,300	1
9	Sure-Fab LLC, Two Harbors	$358.7 thousand$358,700	1
9	Sure-Fab, LLC, Two Harbors	$358.7 thousand$358,700	1
11	Organic Consumers Association, Finland	$330.8 thousand$330,800	2
12	Northshore Steel, Inc., Two Harbors	$313.5 thousand$313,500	1
13	Northshore Steel Inc, Two Harbors	$307.8 thousand$307,840	1
14	Purple Penguin Digital, LLC, Two Harbors	$293.5 thousand$293,515	1
14	Purple Penguin Digital, LLC, Two Harbors	$293.5 thousand$293,515	1
16	Castle Danger Enterprises Inc., Two Harbors	$268.2 thousand$268,200	1
17	Fjeran Forest Products LLC, Two Harbors	$243.6 thousand$243,600	2
18	Betty's Pies, Inc, Two Harbors	$217.9 thousand$217,900	1
19	Lake County Developmental Achievement Center, Inc., Two Harbors	$209.2 thousand$209,200	2
20	Silver Bay Carefree Living Inc., Silver Bay	$193.1 thousand$193,062	1
21	Castle Danger Enterprises Inc, Two Harbors	$191.6 thousand$191,600	1
22	Two Harbors Consutling LLC, Two Harbors	$175.0 thousand$175,000	2
23	Judy's Cafe Of Two Harbors, L. L. C., Two Harbors	$154.3 thousand$154,300	2
24	W-V Inc., Ely	$148.7 thousand$148,673	1
25	Danny's Auto Shop, Inc., Two Harbors	$119.2 thousand$119,200	1
26	Bodies In Balance Of Two Harbors, Inc., Two Harbors	$116.0 thousand$116,000	2
27	Superior View Properties LLC, Silver Bay	$113.2 thousand$113,165	1
28	Bud Nosen Models Inc, Two Harbors	$99,700	1
29	Two Harbors Burger Company, LLC, Two Harbors	$98,500	1
30	Two Harbors Family Dental P.A., Two Harbors	$97,100	2
31	Rasmussen Well Drilling Inc, Two Harbors	$96,100	1
32	Tibbetts Trucking Inc, Finland	$88,728	1
33	Lake County Veterinary Clinic, Two Harbors	$88,100	1
34	Superior View Properties LLC, Silver Bay	$80,800	1
35	Innsight Hospitality, LLC DBA, Two Harbors	$78,400	1
36	T.H. Auto, Inc., Two Harbors	$75,300	1
37	Boyer Mechanical Services, Inc., Beaver Bay	$74,500	1
38	Spokengear Gbc, Two Harbors	$72,200	1
39	Alliance Inc, Two Harbors	$69,908	1
40	Northwoods Family Grille LLC, Silver Bay	$69,000	1
41	New London Cafe, LLC, Two Harbors	$67,400	1
42	Two Harbors Lodge LLC, Two Harbors	$66,400	1
43	Lake County Historical Society, Two Harbors	$64,400	2
44	Timber Trail Lodge, LLC, Ely	$62,400	1
45	Bioactive Regenerative Therapeutics, Inc., Two Harbors	$60,750	1
46	Bioactive Regenerative Therapeutics Inc, Two Harbors	$60,638	1
47	Brock Evenson, Silver Bay	$59,815	1
48	Superior Hiking Trail Association, Two Harbors	$58,500	1
49	Cbo Inc., Ely	$57,557	1
50	Ruths Vegetarian Gourmet Foods Inc, Two Harbors	$57,467	1
51	Jasper Company Inc, Ely	$57,372	1
52	North Harbor Services, Two Harbors	$56,700	1
53	M.A.N. Inc., Two Harbors	$54,400	1
54	Norshor Agency Inc, Silver Bay	$54,100	1
55	D&D Services LLC, Silver Bay	$53,000	1
55	D&D Services, LLC, Silver Bay	$53,000	1
57	Veterans On The Lake Resort, Ely	$52,548	2
58	Jv Investments LLC, Two Harbors	$51,306	1
59	Visioncom Inc, Finland	$50,000	1
60	Chad Davis, Ely	$49,999	2
61	Earth Woodstock LLC, Two Harbors	$49,250	1
62	Lake County Chamber Of Commerce, Two Harbors	$47,800	2
63	Two Harbors Lodge, LLC, Two Harbors	$47,400	1
64	Wkl Sb Inc., Beaver Bay	$44,300	1
64	Wkl Sb, Inc., Silver Bay	$44,300	1
66	A-Team It LLC, Beaver Bay	$43,522	2
67	Md Hoops Construction & Contracting, Inc., Two Harbors	$43,400	1
68	Amf Two Harbors LLC DBA McQuade's Pub & Grill, Two Harbors	$43,008	1
69	Tiffany Davis, Ely	$42,586	2
70	Bri-Esa's Convenience Store LLC, Silver Bay	$42,500	1
71	Bri-Esa's Convenience Store, LLC, Silver Bay	$42,300	1
72	Russ Kendall's Smokehouse, Inc., Knife River	$41,710	1
73	Delvac Brothers Incorporated, Beaver Bay	$41,500	1
73	Delvac Brothers Incorporated, Beaver Bay	$41,500	1
75	Direc Recovery Services, LLC, Two Harbors	$41,000	1
76	Budd House B And L, LLC, Two Harbors	$40,873	1
77	Prestige Contract Flooring LLC, Silver Bay	$40,600	1
78	Crushing Mechanics LLC, Two Harbors	$40,500	1
79	Anderson's Greenhouse, Inc., Two Harbors	$39,400	1
79	Finland Cooperative Company, Finland	$39,400	1
79	Finland Cooperative Company, Finland	$39,400	1
82	Jv Investments LLC, Two Harbors	$38,917	1
83	Man Incorporated, Two Harbors	$38,900	1
84	Costley & Morris P.C., Two Harbors	$38,600	1
84	Costley & Morris, Pc, Two Harbors	$38,600	1
86	Julie's Variety And Hardware, Silver Bay	$37,100	1
87	Life Garage, LLC, Two Harbors	$36,915	1
88	Ely Lodging Incorporated, Ely	$35,577	1
89	Our Place Inc., Finland	$35,200	1
90	Braun Holdings Inc., Silver Bay	$34,355	1
91	Northwoods Family Grille LLC, Silver Bay	$33,488	1
92	Just Kids Dental Inc., Two Harbors	$33,400	1
92	Just Kids Dental, Inc., Two Harbors	$33,400	1
94	Two Harbors Towing LLC, Two Harbors	$32,600	1
95	Seagren's Hardware LLC, Two Harbors	$32,200	1
96	Ostman Trucking & Excavating, LLC, Two Harbors	$32,100	1
96	Snowstrom Inc., Two Harbors	$32,100	1
98	Kuehl Enterprises, Incorporated, Ely	$31,306	1
99	Anderson-Claffy Post No. 109, The American Legion, Departmen, Two Harbors	$31,100	1
100	Thomas Chiropractic Clinic, Two Harbors	$30,900	1

How the list is drawn

100 of the 240 borrowers ranked in Lake 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 Lake 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

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026

Data retrieved September 23, 2026

Lake County, as of September 30, 2024

The largest borrowers in Lake County · 2020–21

How the list is drawn

Related

Sources