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PPP loans in Lincoln County, Minnesota

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 936 Paycheck Protection Program loans for businesses it recorded in Lincoln County, $19.8 million in all.

Lincoln County, as of September 30, 2024

$19.8 million
Approved
$19,845,309
0.1% of the $16.6 billion approved in Minnesota.
936
Loans
646 first draws and 290 second draws.
99.7%
Forgiven
933 of 936 loans carry a forgiveness amount, $19.4 million in all.
0.2%
Charged off
2 of 936 loans, approved for $39.2 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Lincoln County · 2020–21

1 more column on a wider screen

The largest borrowers in Lincoln County, 2020–21
RankNameUSD
1Hendricks Community Hospital Assn. And Retirement Home, Hendricks$1.4 million
2Olsen Custom Farms LLC, Hendricks$1.3 million
3Schak Trucking Inc, Tyler$727.2 thousand
4Lyon-Lincoln Electric Cooperative, Inc., Tyler$403.8 thousand
5Althoff Crane Service Inc, Tyler$230.8 thousand
6Divine Providence Health Center Inc., Ivanhoe$217.3 thousand
7Althoff Crane Service Inc, Tyler$201.6 thousand
8Divine Providence Health Center, Inc., Ivanhoe$190.0 thousand
9Hope Developmental Achievement Center, Tyler$124.4 thousand
10Maurice Christianson Farm Machinery Co, Tyler$123.9 thousand
11Hope Development Achievement Center, Tyler$122.5 thousand
12Hendricks Farmers Elevator, Hendricks$118.1 thousand
13Miller Legal Strategic Planning Centers, P.A., Tyler$114.8 thousand
14Rick's Welding Inc, Lake Benton$114.1 thousand
15Noah Wieme, Tyler$108.1 thousand
16Te Underground, Tyler$106.4 thousand
17Development Services, Inc, Ivanhoe$104.2 thousand
18The Hendricks Farmers Lumber Company, Hendricks$92,500
19Prairie Winds Construction, LLC, Tyler$89,745
20Sterzinger Crushing Inc, Taunton$88,450
21Kirkvold Oil Company, Hendricks$86,400
22Hollywood Feeders LLC, Hendricks$83,870
23Child Care & Nutrition, Inc., Ivanhoe$80,685
24Sterzinger Crushing, Inc., Taunton$78,930
25The Tyler Lumber Company, Tyler$73,570
26A & C Excavating LLC, Lake Benton$67,135
27Fierview Dairy LLP, Taunton$62,500
28Kjergaard Sports LLC, Lake Benton$61,482
29Christianson Crop Insurance Agency, Inc., Tyler$58,247
30Guza Machine Inc, Ivanhoe$58,000
31Francis Engels, Minneota$55,614
32Polar Swine Inc, Ivanhoe$55,090
33Guza Machine Inc., Ivanhoe$54,795
34Buhl's Ridge View Farm Inc, Tyler$51,000
35Bruender's Cornermart, Inc, Tyler$50,400
36Western Veterinary Clinic, Pllp, Tyler$50,291
37Kronborg Inn LLC, Tyler$50,115
38Better Water Industries Inc., Tyler$49,712
39Michael Josephson, Ivanhoe$48,031
40Paul Otto, Ivanhoe$48,025
41Scott's Electronics & Appliance Service Inc., Tyler$47,800
42Allen Trigg, Lake Benton$47,504
43Cedrics LLC, hendricks$46,560
44Danebod Village, Tyler$46,440
45John Weber, Lake Benton$45,958
46Wayne Bednarek, Ivanhoe$45,800
47Lyle Dubbeldee, Tyler$45,269
48Ladon Prosch, Lake Benton$43,291
49Matthew Schreurs, Arco$43,162
50Tyler Electric, Tyler$42,772
51David Kallemeyn, Verdi$41,667
51Richard Pesch, Taunton$41,667
53Jeff Clipper, Verdi$41,667
54David Boulton, Porter$41,667
55Dale Dwire, Lake Benton$41,666
55Roger Longhenry, Porter$41,666
57John Jerzak, Ivanhoe$41,666
58Anthony Citterman, Ivanhoe$41,666
58Bryce Kosmalski, Porter$41,666
58Calvin Gilbert, Lake Benton$41,666
58Dale Lichtsinn, Lake Benton$41,666
58David Lacek, Ivanhoe$41,666
58Dennis Jerzak, Porter$41,666
58Derek Christensen, Hendricks$41,666
58John Sumerfelt, Taunton$41,666
58Jon Caraway, Lake Benton$41,666
58Joseph Wichern, Tyler$41,666
58Justin Bushman, Lake Benton$41,666
58Lane Petersen, Tyler$41,666
58Michael Jorgensen, Lake Benton$41,666
58Nicholas Thooft, Lake Benton$41,666
58S&K Farms LLC, Canby$41,666
58Shane Johnson, Verdi$41,666
58Todd Alderson, Lake Benton$41,666
58Wayne Schreurs, Hendricks$41,666
58William Otto, Canby$41,666
77Ryan Hauschild, Porter$41,665
78Jarod Hansen, Tyler$41,665
78Jerome Lawrence Jerzak, Ivanhoe$41,665
80Billy Frensko, Ivanhoe$41,664
80Brian Skorczewski, Canby$41,664
80Chad Olsen, Canby$41,664
80Christopher T Fier, Taunton$41,664
80Dale Sovell, Ivanhoe$41,664
80Douglas Possail, Arco$41,664
80Dusty Linneman, Ivanhoe$41,664
80Eddie Coners, Canby$41,664
80James Vanderostyne, Porter$41,664
80John Drietz, Porter$41,664
80John Olson, Hendricks$41,664
80Larry Brown, Canby$41,664
80Lucas Moorse, Ivanhoe$41,664
80Mark Lacek, Canby$41,664
80Pamela Ochocki, Hendricks$41,664
80Randall Brown, Porter$41,664
80Reid Jorgensen, Tyler$41,664
80Richard Olsen, Canby$41,664
80Roger Kuhlman, Lake Benton$41,664
80Scott Krog, Lake Benton$41,664
80Steven Kuhlman, Lake Benton$41,664
80Susan Lozinski, Canby$41,664
80Thomas Frensko, Ivanhoe$41,664
80Todd Hawks, Hendricks$41,664
80Travis Olsen, Hendricks$41,664
80Vernon Skorczewski, Ivanhoe$41,664
80William Ochocki, Hendricks$41,664

How the list is drawn

  • 106 of the 783 borrowers ranked in Lincoln 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. The last rank here is shared by 27 borrowers.
  • A borrower is ranked here when SBA recorded its first loan in Lincoln 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

Data retrieved