PPP loans in Marshall County, Minnesota

Name: Marshall 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 1,210 Paycheck Protection Program loans for businesses it recorded in Marshall County, $36.8 million in all.

Marshall County, as of September 30, 2024

$36.8 million
Approved: $36,773,336; 0.2% of the $16.6 billion approved in Minnesota.; 1,210
Loans: 933 first draws and 277 second draws.; 99.5%
Forgiven: 1,204 of 1,210 loans carry a forgiveness amount, $36.5 million in all.; 0.5%
Charged off: 6 of 1,210 loans, approved for $101.9 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Marshall County · 2020–21

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The largest borrowers in Marshall County, 2020–21
Rank	Name	USD	Loans
1	Gowan Construction Inc., Oslo	$2.5 million$2,517,000	1
2	Gowan Construction Inc., Oslo	$2.0 million$2,000,000	1
3	Davidson Construction Inc, Holt	$1.5 million$1,470,219	1
4	Warren Community Hospital, Inc., Warren	$1.1 million$1,061,200	1
5	D & D Commodities Ltd, Stephen	$1.0 million$1,019,700	1
6	The Spruce Valley Corporation, Middle River	$979.7 thousand$979,670	2
7	North Star Manor, Warren	$690.8 thousand$690,810	1
8	Ericco Tool & Manufacturing Company, Viking	$687.7 thousand$687,732	2
9	Davidson Construction, Inc., Newfolden	$671.5 thousand$671,512	1
10	Agassiz Asphalt, LLC, Newfolden	$554.5 thousand$554,536	1
11	Machinewell, Inc., Grygla	$532.8 thousand$532,765	1
12	P.K.M. Electric Co-Operative, Inc., Warren	$465.3 thousand$465,300	1
13	Dahlstrom Motors, Inc, Oslo	$449.8 thousand$449,819	1
14	Phil Thompson And Associates LLP, Warren	$263.4 thousand$263,400	1
15	Farmers Union Oil Company Of Grygla, Grygla	$230.1 thousand$230,058	1
16	Marshall County Group Homes, Incorporated, Argyle	$209.6 thousand$209,600	1
17	Newfolden Co-Op Elevator Association, Newfolden	$193.4 thousand$193,426	1
18	Newfolden Co-Op Elevator Association, Newfolden	$193.4 thousand$193,426	1
19	A&S Ag Sales LLC, Argyle	$163.7 thousand$163,730	2
20	Argyle Co-Op Warehouse Association, Argyle	$160.4 thousand$160,435	1
21	H & S Mfg, Inc., Stephen	$155.4 thousand$155,400	1
22	Northern Plains Track, Inc., Warren	$148.6 thousand$148,632	1
23	Waterworth's Woodshop Inc., Viking	$146.0 thousand$145,983	1
24	Northern Oaks Stephen, LLC, Stephen	$132.0 thousand$132,000	1
25	Grandstrand Service Company LLC, Stephen	$130.3 thousand$130,300	2
26	Waterworth's Woodshop Inc., Viking	$129.6 thousand$129,600	1
27	Argyle Building Center, Inc., Argyle	$125.3 thousand$125,302	1
28	Northwest Electric Inc., Newfolden	$117.3 thousand$117,333	1
29	Co-Operative Oil Association, Middle River	$111.1 thousand$111,127	1
29	Co-Operative Oil Association, Middle River	$111.1 thousand$111,127	1
31	Field Brothers Farms, Gp, Stephen	$110.3 thousand$110,300	1
32	Hanson Construction Of Thief River Falls Inc, Thief River Falls	$105.9 thousand$105,941	1
33	Misselhorn Tiling & Excavation LLC, Argyle	$105.0 thousand$105,025	1
34	Agserv Consulting Inc., Stephen	$92,302	1
35	Ray H Larson, Inc., Warren	$91,500	1
36	Warren Pharmacy, Inc., Warren	$89,700	1
37	Schenkey, Inc, Middle River	$87,452	1
38	Agserv Consulting, Inc., Stephen	$85,300	1
39	E And J Farms Inc, Argyle	$84,607	2
40	James Bergman, Oslo	$84,270	2
41	Halfmann Farms, Inc, Stephen	$82,100	1
42	Northern Oaks Stephen, Stephen	$81,472	1
43	Agassiz Farms LLC, Goodridge	$78,630	2
44	North Star Assisted Living, Warren	$77,530	1
45	Richard Engelstad, Gatzke	$76,791	2
46	Olson Underground Inc., Warren	$75,779	1
47	Warren Auto Repair Inc., Warren	$75,400	1
48	Bb Sczepanski, Stephen	$75,188	1
49	Kjkj Farms Inc, Argyle	$74,085	2
50	Misselhorn Tiling & Excavation LLC, Argyle	$69,619	1
51	Grant Pulkrabek, Angus	$67,300	1
52	Douglas Insurance Agency, Inc, Stephen	$65,470	1
53	Jeffrey Monroe, Warren	$65,400	2
54	Lone Oak Family Dentistry, Warren	$64,382	1
55	M & J Construction Of Holt, Inc., Newfolden	$63,362	1
56	Lone Oak Family Dentistry, Warren	$62,900	1
57	Damon & Ashley Stroble Partnership, Angus	$59,700	1
58	Warren American Legion Post 27, Warren	$59,597	2
59	Richard Anderon, Viking	$59,500	1
60	175 Corner Stores LLC, Warren	$55,500	1
61	Sorenson Construction Company, Argyle	$54,900	1
62	J. W. Peterson Inc., Warren	$54,847	1
63	J. W. Peterson, Inc., Warren	$54,800	1
64	Kaz Brothers Construction, Stephen	$54,154	1
65	Lyle Anderson, Grygla	$53,185	1
66	Aw Peterson Inc, Warren	$53,010	1
67	Kidzone, Inc, Warren	$52,470	1
68	Johnson Farm Payroll Joint Venture, Warren	$52,400	1
69	Solum-Sundby Insurance Agency, Inc., Argyle	$52,200	1
70	Todd & Debra Stanley Farms, Inc., Grygla	$51,945	1
71	Rudy Borg, Middle River	$51,717	1
72	Jerome Hoper, Stephen	$51,459	1
73	Stoltman Farms, Argyle	$50,817	1
74	Sorenson Construction Company, Argyle	$50,575	1
75	Aw Peterson Inc, Warren	$48,770	1
76	Jerome Hoper, Stephen	$48,000	1
77	Family Chiropractic Of Warren Inc., Warren	$47,114	1
78	Bryce H. Nelson, Middle River	$47,087	1
79	Rudy Borg Farm, Middle River	$46,925	1
80	Family Chiropractic Of Warren, Inc., Warren	$46,800	1
81	Bryce Nelson, Middle River	$46,605	1
82	Sparby Brothers, Grygla	$45,417	1
82	Sparby Brothers, Grygla	$45,417	1
84	Taggart Contracting Inc, Newfolden	$45,113	1
85	Mike Miller Electric Inc, Warren	$44,600	1
86	Preston Solberg DBA None, Warren	$44,486	1
87	Maynard Peterson, Stephen	$44,275	1
88	North Star Ag Services, Inc., Warren	$43,532	1
89	Rightline Logistics LLC, Viking	$42,899	2
90	Wallace Bengtson, Middle River	$42,469	2
91	D.D. Peterson, Inc., Warren	$42,360	1
92	Jared W Sands, Alvarado	$42,059	1
93	Jared Sands Farm, Alvarado	$42,032	1
94	Evan Grandstrand, Stephen	$41,667	2
94	Randal Kostrzewski, Stephen	$41,667	2
96	Carl Green, Strandquist	$41,667	2
97	Chanceler Irlbeck, Grygla	$41,667	2
97	David Brateng, Grygla	$41,667	2
97	David Irlbeck, Grygla	$41,667	2
97	David Thompson, Middle River	$41,667	2
97	John Kowalski, Stephen	$41,667	2
97	Trever Irlbeck, Grygla	$41,667	2

How the list is drawn

102 of the 1,102 borrowers ranked in Marshall 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 6 borrowers.
A borrower is ranked here when SBA recorded its first loan in Marshall 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

Marshall County, as of September 30, 2024

The largest borrowers in Marshall County · 2020–21

How the list is drawn

Related

Sources