PPP loans in Rice County, Minnesota

Name: Rice 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 2,450 Paycheck Protection Program loans for businesses it recorded in Rice County, $154.8 million in all.

Rice County, as of September 30, 2024

$154.8 million
Approved: $154,832,795; 0.9% of the $16.6 billion approved in Minnesota.; 2,450
Loans: 1,888 first draws and 562 second draws.; 98.2%
Forgiven: 2,406 of 2,450 loans carry a forgiveness amount, $155.0 million in all.; 1.1%
Charged off: 28 of 2,450 loans, approved for $389.2 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Rice County · 2020–21

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The largest borrowers in Rice County, 2020–21
Rank	Name	USD	Loans
1	Abc Bus Companies, Inc., Faribault	$8.4 million$8,405,965	1
2	Maplewood Motors, LLC, Maplewood	$2.9 million$2,911,513	1
3	Mechanical Systems, Inc., Dundas	$2.8 million$2,803,500	1
4	Shattuck-St. Mary's School, Faribault	$2.7 million$2,693,520	1
5	Holden Farms, Inc., Northfield	$2.6 million$2,570,054	1
6	Minnesota Odd Fellows Home, Northfield	$2.1 million$2,100,200	1
7	Mechanical Systems Inc, Dundas	$2.0 million$2,000,000	1
8	4 Point O School Services, Inc., Webster	$2.0 million$1,990,200	1
8	4 Point O School Services, Inc., Webster	$2.0 million$1,990,200	1
10	Interstate Improvement, Faribault	$1.8 million$1,780,577	1
11	Met-Con Construction Inc., Faribault	$1.6 million$1,636,318	1
12	Met-Con Construction, Inc., Faribault	$1.6 million$1,636,300	1
13	Interstate Improvement Inc, Faribault	$1.6 million$1,636,200	1
14	College City Beverage, Inc., Dundas	$1.6 million$1,571,064	1
15	Midwestern Barbers LLP, Northfield	$1.2 million$1,242,627	2
16	K Oconnor LLC, Faribault	$1.2 million$1,171,305	1
17	Minnesota Ag Group, Inc. Employee Stock Onwership Lan Trust, Northfield	$1.2 million$1,158,800	1
18	Harry Brown's LLC, Faribault	$1.1 million$1,076,000	1
19	C & S Vending Company, Inc., Faribault	$1.0 million$1,004,700	1
20	K & G Manufacturing Co., Faribault	$996.8 thousand$996,800	1
21	C & S Vending Company Inc., Faribault	$990.0 thousand$990,000	1
22	Aurora Pharmaceutical, Inc, Northfield	$980.7 thousand$980,700	1
23	Carlson Capital Management LLC, Northfield	$919.8 thousand$919,800	1
24	Mrg Tool And Die Corp, Faribault	$914.3 thousand$914,300	1
25	Bcm Construction Inc, Faribault	$884.4 thousand$884,406	2
26	K & G Manufacturing Company, Faribault	$847.3 thousand$847,295	1
27	Northfield Care Center, Inc., Northfield	$841.0 thousand$841,000	1
28	Mrg Tool & Die Corp, Faribault	$828.8 thousand$828,807	1
29	Laura Baker School Association, Northfield	$825.6 thousand$825,598	1
30	Cenneidigh Inc, Faribault	$813.0 thousand$813,000	1
31	Emeralds At Faribault LLC, Faribault	$795.6 thousand$795,570	1
32	B&B Manufacturing & Assembly LLC, Faribault	$727.3 thousand$727,283	2
33	County Line Aggregate Inc, Webster	$727.1 thousand$727,060	2
34	Southern Heights Dental Group P.A., Faribault	$725.0 thousand$725,000	1
34	Southern Heights Dental Group, P.A., Faribault	$725.0 thousand$725,000	1
36	Heselton Construction, LLC, Faribault	$713.0 thousand$713,000	1
37	K Oconnor LLC, Faribault	$675.8 thousand$675,800	1
38	Minnesota Orthodontics And Dentofacial Orthopedics Pa, Northfield	$643.1 thousand$643,100	1
39	J.S.H. Inc. Of Faribault, Faribault	$632.0 thousand$632,035	2
40	Mercury Minnesota Inc., Faribault	$605.0 thousand$605,000	1
41	Northfield Family Dental Pa, Northfield	$595.0 thousand$595,000	2
42	Waterford Oil Co. Inc, Northfield	$593.2 thousand$593,200	1
42	Waterford Oil Company, Inc., Northfield	$593.2 thousand$593,200	1
44	Cedar Lake Electric, Inc., Faribault	$575.0 thousand$575,000	1
45	Lonsdale Packaging, Lonsdale	$548.5 thousand$548,508	1
46	Pleasant Manor LLC, Faribault	$542.5 thousand$542,501	1
47	Minnesota Millwork And Fixtures LLC, Lonsdale	$539.5 thousand$539,475	1
47	Minnesota Milwork & Fixtures LLC, Lonsdale	$539.5 thousand$539,475	1
49	Northfield Parkview, Inc., Northfield	$538.8 thousand$538,800	1
50	Beacon Landing LLC, Faribault	$535.1 thousand$535,100	1
51	Heritage Dental Care, Northfield	$527.5 thousand$527,485	2
52	Unity House, Inc., Faribault	$518.7 thousand$518,700	1
53	Apple Motor Company, Inc., Northfield	$515.2 thousand$515,200	1
54	Lonsdale Packaging Inc, Lonsdale	$508.8 thousand$508,800	1
55	Mindak Commercial Construction LLC, Lonsdale	$482.6 thousand$482,576	1
56	T.C.R. Enterprises Inc, Faribault	$472.2 thousand$472,242	1
57	Tcr Enterprises Inc, Faribault	$472.2 thousand$472,200	1
58	Faribo Plumbing & Heating, Inc., Faribault	$459.0 thousand$459,000	1
59	Environmental Tillage Systems, Inc., Faribault	$456.6 thousand$456,600	1
60	Northfield Montessori, Northfield	$449.0 thousand$448,965	2
61	Cannon River Stem School, Faribault	$440.9 thousand$440,937	1
62	Eye Clinic Of Faribault P.A., Faribault	$440.4 thousand$440,428	1
63	Community Co-Op Association, Faribault	$432.1 thousand$432,150	1
64	Community Co-Op Association, Faribault	$432.1 thousand$432,100	1
65	Eye Clinic Of Faribault, P.A., Faribault	$425.0 thousand$425,000	1
66	Goldstar Amusement Inc., Faribault	$421.8 thousand$421,836	2
67	Mindak Commercial Construction, LLC, Lonsdale	$418.5 thousand$418,500	1
68	Monster Games Inc., Northfield	$408.1 thousand$408,150	1
68	Monster Games, Inc., Northfield	$408.1 thousand$408,150	1
70	Rison Homes, Inc., Faribault	$404.4 thousand$404,400	1
71	Southern Minnesota Woodcraft, Inc., Faribault	$389.6 thousand$389,600	1
72	The Catholic Church Of Divine Mercy Of Faribault, Faribault	$388.2 thousand$388,200	1
73	Greater Minnesota Gas, Inc., Faribault	$375.0 thousand$375,000	1
74	The Catholic Church Of Divine Mercy Of Faribault, Faribault	$365.8 thousand$365,755	1
75	Southern Minnesota Woodcraft, Inc., Faribault	$364.0 thousand$364,030	1
76	Northfield Automation Systems Inc., Northfield	$363.5 thousand$363,520	1
77	R.A.W. Construction Co. LLC, Faribault	$360.1 thousand$360,101	1
78	Langhoff Enterprises Inc, Lonsdale	$351.0 thousand$351,029	1
79	Epic Enterprise, Incorporated, Dundas	$349.1 thousand$349,055	1
80	Epic Enterprise Incorporated, Dundas	$343.3 thousand$343,257	1
81	Northfield Automation Systems, Inc, Northfield	$335.6 thousand$335,600	1
82	Faribo Plumbing & Heating Inc, Faribault	$333.0 thousand$332,965	1
83	Bethlehem Academy Corporation, Faribault	$331.1 thousand$331,124	1
84	Bethlehem Academy Corporation, Faribault	$331.1 thousand$331,100	1
85	Living Greens Farm, Inc., Faribault	$329.7 thousand$329,700	1
86	Matejcek Implement Company, Inc., Faribault	$329.0 thousand$329,000	1
87	Jod, Ltd, Faribault	$326.9 thousand$326,900	1
88	Veterinary Provisions Inc., Northfield	$318.2 thousand$318,200	1
89	Northfield Automotive Inc., Northfield	$317.0 thousand$316,977	1
90	Mcd Express, Inc, Faribault	$301.5 thousand$301,500	1
91	Inisfail Inc, Faribault	$301.0 thousand$301,000	1
92	Donahues Greenhouses, Inc., Faribault	$300.0 thousand$300,000	1
93	River City Builders & Millworks, Inc., Nerstrand	$296.5 thousand$296,500	1
94	Cable Connection & Supply Co Inc., Faribault	$283.3 thousand$283,300	1
95	Nerstrand Agri Center, Nerstrand	$282.9 thousand$282,887	1
96	River City Builders & Millworks Inc., Nerstrand	$277.2 thousand$277,215	1
97	Faribault Transportation Service, Inc., Faribault	$275.5 thousand$275,500	1
98	Steinair, Inc., Faribault	$274.0 thousand$274,000	1
99	Yummy Fresh Never Frozen LLC, Faribault	$272.9 thousand$272,915	1
100	Yummy Fresh Never Frozen LLC, Faribault	$272.9 thousand$272,900	1

How the list is drawn

100 of the 2,306 borrowers ranked in Rice 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 Rice 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

Rice County, as of September 30, 2024

The largest borrowers in Rice County · 2020–21

How the list is drawn

Related

Sources