PPP loans in Steele County, Minnesota

Name: Steele 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 1,419 Paycheck Protection Program loans for businesses it recorded in Steele County, $74.7 million in all.

Steele County, as of September 30, 2024

$74.7 million
Approved: $74,667,281; 0.5% of the $16.6 billion approved in Minnesota.; 1,419
Loans: 1,119 first draws and 300 second draws.; 98.1%
Forgiven: 1,392 of 1,419 loans carry a forgiveness amount, $74.1 million in all.; 1.1%
Charged off: 15 of 1,419 loans, approved for $963.9 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Steele County · 2020–21

1 more column on a wider screen

The largest borrowers in Steele County, 2020–21
Rank	Name	USD	Loans
1	Driessen Water Inc, Owatonna	$3.5 million$3,497,500	1
2	The Prophet Corporation, Owatonna	$2.3 million$2,265,476	1
3	The Prophet Corporation, Owatonna	$2.0 million$2,000,000	1
4	Concepts And Designs, Inc., Owatonna	$1.7 million$1,731,200	1
5	Fernbrook Family Center Inc, Owatonna	$1.6 million$1,648,032	1
6	Fernbrook Family Center, Inc., Owatonna	$1.6 million$1,648,000	1
7	South Central Human Relations Center, Inc., Owatonna	$1.4 million$1,395,000	1
8	Our Homes South Inc., Medford	$935.1 thousand$935,120	1
9	Cottages, LLC, Owatonna	$814.8 thousand$814,825	2
10	Rsbs Management Inc, Owatonna	$774.1 thousand$774,065	2
11	The Retrofit Companies, Inc., Owatonna	$761.0 thousand$761,000	1
12	Noble Rv, Inc,, Owatonna	$702.8 thousand$702,757	1
13	Southeastern Minnesota Oral & Maxillofacial Surgery Associat, Owatonna	$682.9 thousand$682,900	1
13	Southeastern Minnesota Oral And Maxillofacial Surgery, Pa, Owatonna	$682.9 thousand$682,900	1
15	A. J. Lysne Contracting Corporation, Owatonna	$660.2 thousand$660,208	1
15	A.J. Lysne Contracting Corporation, Owatonna	$660.2 thousand$660,208	1
17	Olympic Fire Protection Corp, Owatonna	$635.2 thousand$635,200	1
18	Specialty Personnel Services Inc, Owatonna	$625.0 thousand$625,000	1
19	Mohs Contracting Inc, Owatonna	$606.8 thousand$606,762	2
20	Farmhouse Holdings, Inc., Owatonna	$601.1 thousand$601,087	1
21	Kruckeberg Industries LLC, Blooming Prairie	$549.1 thousand$549,051	1
22	Owatonna Motor Company, Owatonna	$549.0 thousand$549,000	1
23	Prairie Manor, Inc., Blooming Prairie	$548.5 thousand$548,500	1
24	Kruckeberg Industries, LLC, Blooming Prairie	$520.0 thousand$520,000	1
25	Cole's Electric, Inc., Owatonna	$501.4 thousand$501,400	1
26	Gandy Company, Owatonna	$494.8 thousand$494,800	1
27	Steele-Waseca Cooperative Electric, Owatonna	$466.1 thousand$466,076	1
28	Trinity Lutheran Church, Owatonna	$449.8 thousand$449,800	2
29	Owatonna Hospitality LLC, Owatonna	$442.4 thousand$442,379	1
30	Metal Services Of Blooming Prairie Inc., Blooming Prairie	$419.2 thousand$419,200	1
31	Gmr Alexander, LLC, Owatonna	$405.2 thousand$405,200	1
32	General Equipment Co, Owatonna	$382.5 thousand$382,462	1
33	House Chevrolet Buick Cadillac Inc, Owatonna	$379.4 thousand$379,400	1
33	House Chevrolet Buick Cadillac Inc., Owatonna	$379.4 thousand$379,400	1
35	Gilthvedt Eyecare Clinic Inc, Owatonna	$360.7 thousand$360,700	2
36	Medford Sand & Gravel LLC, Owatonna	$358.2 thousand$358,180	1
37	St. Mary's School Of Owatonna, Owatonna	$358.0 thousand$358,000	1
38	Black Forest, Ltd., Owatonna	$346.9 thousand$346,941	1
39	Foam Craft Packaging Inc, Owatonna	$343.8 thousand$343,792	1
40	Black Forest Ltd, Owatonna	$342.1 thousand$342,094	1
41	R&K Electric Inc, Owatonna	$338.5 thousand$338,535	1
42	R & K Electric, Inc., Owatonna	$338.5 thousand$338,500	1
43	Sisters Salon & Day Spa, Owatonna	$325.7 thousand$325,726	2
44	Michaletz Trucking Inc, Owatonna	$325.6 thousand$325,620	1
45	Owatonna Hospitality, LLC, Owatonna	$316.0 thousand$315,985	1
46	St. Mary's School, Owatonna	$313.0 thousand$313,000	1
47	Spare Time Entertainment LLC, Owatonna	$287.3 thousand$287,285	1
48	Torey's Inc., Owatonna	$279.0 thousand$279,037	2
49	Big Brothers Big Sisters Of Southern Minnesota, Owatonna	$269.7 thousand$269,700	2
49	Glass House, LLP, Medford	$269.7 thousand$269,700	1
51	Innkeeper Lodging LLC, Owatonna	$264.0 thousand$264,000	2
52	Medford Sand & Gravel LLC, Medford	$258.7 thousand$258,700	1
53	Northland Farm Systems, Inc., Owatonna	$252.4 thousand$252,370	1
54	Blooming Prairie Farm Radio Inc, Owatonna	$249.8 thousand$249,800	1
55	Occ Founders Group LLC, Owatonna	$239.6 thousand$239,611	1
56	Custom Building Components, Inc., Medford	$236.3 thousand$236,250	1
57	Kid's Korner Educare Center, Inc, Owatonna	$234.5 thousand$234,500	1
58	Mico Foods, Inc., Owatonna	$225.0 thousand$225,000	2
59	Spare Time Entertainment LLC, Owatonna	$223.9 thousand$223,900	1
60	Dagry Tooling Inc, Owatonna	$218.2 thousand$218,200	1
61	International Steel Erectors Inc., Owatonna	$217.1 thousand$217,140	1
62	Plaza Morena Campestre Grill Inc., Owatonna	$207.2 thousand$207,158	1
63	Bio-Plastic Solutions, LLC, Ellendale	$206.1 thousand$206,100	1
64	Four Seasons Electric LLC, Owatonna	$206.0 thousand$205,996	1
65	Michaelson Funeral Homes Inc., Owatonna	$205.4 thousand$205,400	1
66	The Dentist Of Owatonna Family Dentistry, Pa, Owatonna	$198.5 thousand$198,543	1
67	C & L Communications Inc, Owatonna	$197.9 thousand$197,874	2
68	Interstate Services Inc., Owatonna	$195.4 thousand$195,428	1
69	International Steel Erectors Inc, Owatonna	$194.5 thousand$194,486	1
70	Endres Window Cleaning, Inc, Owatonna	$192.6 thousand$192,610	1
71	St. Marc Materials, Inc., Medford	$192.2 thousand$192,173	2
72	Advanced Coil Technology, LLC, Owatonna	$174.2 thousand$174,200	1
73	Dagry Tooling Inc., Owatonna	$173.9 thousand$173,900	1
73	Interim Personnel Of Southern Minnesota, Inc., Owatonna	$173.9 thousand$173,900	1
75	Rodney K Anderson, Owatonna	$173.3 thousand$173,289	2
76	Traditions Of Mn Ii LLC, Owatonna	$169.7 thousand$169,668	1
77	All Generations Home Care Inc., Owatonna	$168.3 thousand$168,307	1
78	Johnson, Doerhoefer & Miner P.A., Blooming Prairie	$165.5 thousand$165,500	1
79	Interstate Services Inc, Owatonna	$165.3 thousand$165,261	1
80	Concrete Enterprises Inc, Owatonna	$165.0 thousand$165,000	1
80	Concrete Enterprises Inc, Owatonna	$165.0 thousand$165,000	1
82	Darrick's Preferred Auto, Inc., Blooming Prairie	$164.5 thousand$164,500	1
83	Advantage Cabinets, Inc., Owatonna	$163.9 thousand$163,900	1
84	Traditions Of Minnesota LLC, Owatonna	$163.5 thousand$163,455	1
85	Jeffrey D Loveless DDS Pa, Owatonna	$159.0 thousand$159,000	1
85	Jeffrey D Loveless DDS Pa, Owatonna	$159.0 thousand$159,000	1
87	Outbreak Z 1 LLC, Owatonna	$158.6 thousand$158,600	1
88	Traditions Of Mn, LLC, Owatonna	$158.4 thousand$158,400	1
89	Three Gen Inc, Owatonna	$158.2 thousand$158,200	1
90	Advanced Coil Technology LLC, Owatonna	$156.7 thousand$156,690	1
91	Prairie Meadows Pork, Blooming Prairie	$153.1 thousand$153,092	1
92	Pal's Machining, Inc, Owatonna	$152.7 thousand$152,700	1
93	Hope Creamery Inc., Hope	$150.7 thousand$150,673	2
94	Poly Plastics Inc., Owatonna	$148.5 thousand$148,500	1
95	Plaza Morena Compestre Grill, Inc, Owatonna	$147.9 thousand$147,900	1
96	Traditions Of Minnesota Ii LLC, Owatonna	$147.2 thousand$147,200	1
97	Kaplan Woods Care Home, Inc., Owatonna	$139.9 thousand$139,900	1
98	Wencl Construction Inc, Owatonna	$139.7 thousand$139,720	1
99	Curt's Truck & Diesel Service Inc, Owatonna	$135.9 thousand$135,900	1
100	C & S Frandsen LLC, Owatonna	$133.5 thousand$133,490	1

How the list is drawn

100 of the 1,319 borrowers ranked in Steele 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 Steele 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

Steele County, as of September 30, 2024

The largest borrowers in Steele County · 2020–21

How the list is drawn

Related

Sources