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PPP loans in Lake County, Minnesota

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 $5,156. That is the loans' size, not what SBA lost.

The largest borrowers in Lake County · 2020–21

1 more column on a wider screen

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

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.

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