PPP loans in Watonwan County, Minnesota

Name: Watonwan 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 720 Paycheck Protection Program loans for businesses it recorded in Watonwan County, $25.1 million in all.

Watonwan County, as of September 30, 2024

$25.1 million
Approved: $25,138,405; 0.2% of the $16.6 billion approved in Minnesota.; 720
Loans: 533 first draws and 187 second draws.; 99.3%
Forgiven: 715 of 720 loans carry a forgiveness amount, $25.3 million in all.; 0.4%
Charged off: 3 of 720 loans, approved for $31.4 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Watonwan County · 2020–21

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The largest borrowers in Watonwan County, 2020–21
Rank	Name	USD	Loans
1	Butterfield Foods Company, Butterfield	$1.5 million$1,532,700	1
2	Madelia Community Hospital Incorporated, Madelia	$1.4 million$1,445,100	1
3	Romsdahl Companies Inc, Saint James	$1.3 million$1,274,200	1
3	Romsdahl Companies, Inc, Saint James	$1.3 million$1,274,200	1
5	South Central Electric Association, Saint James	$494.4 thousand$494,400	1
6	Luther Memorial Home, Madelia	$456.9 thousand$456,900	1
6	Luther Memorial Home, Inc, Madelia	$456.9 thousand$456,900	1
8	Phlag Mechanical Inc, Madelia	$435.0 thousand$435,000	1
9	La Plaza Fiesta, LLC, Madelia	$368.2 thousand$368,200	2
10	Pietsch Construction, Inc., Madelia	$301.4 thousand$301,400	1
11	Industrial Construction Services, Inc, Saint James	$294.5 thousand$294,500	1
12	Olsen Diesel, Inc, Saint James	$268.6 thousand$268,600	1
13	Southern Minnesota High Pressure Piping LLC, Madelia	$253.8 thousand$253,760	1
14	Altenburg Construction Inc., Lewisville	$251.5 thousand$251,500	1
15	Southern Minnesota High Pressure Piping, LLC, Madelia	$246.8 thousand$246,800	1
16	Jla Express LLC, Saint James	$243.2 thousand$243,184	1
17	St. James Area Rehabilitation Services, Saint James	$208.1 thousand$208,100	1
18	T& K Transport Inc, Butterfield	$202.9 thousand$202,934	1
19	Colliers Supermarket, Inc., Saint James	$200.8 thousand$200,800	1
20	Tko Mgmt, Saint James	$195.0 thousand$195,000	2
21	Healthy Water Solutions, LLC, Madelia	$163.4 thousand$163,445	1
22	Wilcon Construction, Inc., Saint James	$154.7 thousand$154,700	1
23	G&M Runge, Inc., Saint James	$150.2 thousand$150,200	1
24	Wilcon Construction Inc, Saint James	$149.7 thousand$149,657	1
25	Christensen Communications Company, Madelia	$147.9 thousand$147,900	1
26	Runge Trucking Inc., Saint James	$147.8 thousand$147,800	1
27	St. James Electric, Inc, Saint James	$140.7 thousand$140,700	1
28	Preferred Printing Company, Madelia	$135.1 thousand$135,100	1
29	Doda U.S.A., Inc., Saint James	$121.8 thousand$121,800	1
30	Total Lawn Care & Landscape Of Madelia LLC, Madelia	$105.5 thousand$105,500	1
31	Sunde Olson Kircher And Zender Plc, Saint James	$102.7 thousand$102,700	1
31	Sunde, Olson, Kircher, & Zender Plc, Saint James	$102.7 thousand$102,700	1
33	St. Mary's Parish, Madelia	$99,900	1
33	The Church Of Saint Mary Of Madelia, Minnesota, Madelia	$99,900	1
35	St James Bus Service, Inc, Saint James	$96,900	1
36	Michael Brandts, Saint James	$88,745	2
37	Hog Confinement Services LLC, Lewisville	$86,800	2
38	St James Bus Service Inc, Saint James	$84,600	1
39	Precision Farm Drainage & Excavation, Saint James	$83,652	1
40	Ness Agency Inc, Saint James	$82,500	1
41	Jose Motors Inc., Madelia	$77,600	1
41	Jose Motors, Inc, Madelia	$77,600	1
43	Brent Coleman, Saint James	$77,000	1
44	Don's Tire Service Inc., Saint James	$76,559	1
45	St. James Lodging LLC, Saint James	$73,600	1
46	St. James Family Dentistry, Saint James	$68,375	1
47	Veteran Enterprises, Ltd., Madelia	$67,908	1
48	St James Family Dentistry, Saint James	$65,625	1
49	Brian McCabe Agency LLC, Madelia	$64,700	1
50	Mayberry Realty LLC, Saint James	$61,000	1
51	Mayberry Realty, LLC, Saint James	$60,200	1
52	St. James Lodging, LLC, Saint James	$59,700	1
53	La Salle Food Processing Association, La Salle	$59,300	1
54	Geistfeld Bros. Farms, Saint James	$59,218	1
55	James Krogstad, Saint James	$58,796	1
56	First Lutheran Church, Saint James	$58,300	1
57	Dr. Steven Jeppson, Optometrist, Pa, Saint James	$57,670	1
58	Dr. Steven Jeppson, Optometrist, Pa, Saint James	$57,600	1
59	Madelia Bus Service, Inc, Madelia	$55,400	1
60	Michelle Tenney, Saint James	$55,292	1
61	Diamond Contracting LLC, Saint James	$55,185	1
62	St. Paul Evangelical Lutheran Church, Saint James	$54,810	1
63	Bkc Construction Inc., Saint James	$54,400	1
64	Bryan Nelson Construction Inc, Saint James	$53,700	1
65	Kuehl's Electric Inc, Saint James	$51,200	1
65	Kuehl's Electric Inc., Saint James	$51,200	1
67	Madelia Sanitation Inc., Madelia	$51,100	1
68	L & B Contractors LLC, Madelia	$49,700	1
69	Arthur Carlson, Odin	$48,164	2
70	Thomas Suess Construction LLC, Saint James	$47,950	1
71	Corey Suess, Saint James	$47,720	1
72	Elite Electrical Innovations, LLC, Madelia	$47,200	1
73	Trinity Evangelical Church, Madelia	$46,740	2
74	T&L Trucking LLC, Madelia	$45,416	1
75	Nemuel Zarate, Saint James	$45,207	1
76	Champlin Bus Service, Inc, Madelia	$45,100	1
77	Olson Optical Inc., Saint James	$43,900	1
78	Olson Optical Inc., Saint James	$43,200	1
79	Eugene Kelly, Saint James	$42,700	2
80	David Rettke, Odin	$42,500	2
81	David Brandts, Saint James	$41,982	2
82	Jason Smith, Truman	$41,667	2
83	Gary J Parker, Saint James	$41,667	2
84	John Schmidt, Saint James	$41,666	2
85	Adam Jacobs, Madelia	$41,666	2
85	Benjamin Christenson, Saint James	$41,666	2
85	Dustin Forstner, Madelia	$41,666	2
85	Keenan Sieve, Madelia	$41,666	2
85	Lyle Jacobs, Madelia	$41,666	2
85	Peter Christenson, Madelia	$41,666	2
85	Terry Braaten, Saint James	$41,666	2
85	William Kunz, Madelia	$41,666	2
93	David Hansen, Ormsby	$41,664	2
93	Stephen Hayes, Comfrey	$41,664	2
95	Timothy Peterson, Madelia	$41,662	2
96	Jeremy Spitzner, Saint James	$41,660	2
97	Scott Sanders, Saint James	$41,633	2
98	Mark Denn, Madelia	$41,632	2
99	Brad Asendorf, Saint James	$41,600	2
99	Bradley Stradtman, Saint James	$41,600	2
99	Chandler Greier, Lewisville	$41,600	2
99	Corry Pettersen, Lewisville	$41,600	2
99	Daniel Pauly, Saint James	$41,600	2
99	David Pettersen, Madelia	$41,600	2
99	Eric Cooling, Madelia	$41,600	2
99	Galen Fischer, Saint James	$41,600	2
99	Gary Missling, Saint James	$41,600	2
99	George Sill, Madelia	$41,600	2
99	Joseph Lunz, Saint James	$41,600	2
99	Keith Runge, Saint James	$41,600	2
99	Kent Olson, Ormsby	$41,600	2
99	Larry Wolle, Lewisville	$41,600	2
99	Perch Creek Land And Livestock LLC, Truman	$41,600	2
99	Rodney Gens, Madelia	$41,600	2
99	Siem Construction LLC, Saint James	$41,600	2
99	Stephen Romsdahl, Saint James	$41,600	2
99	Steven Sorenson, Madelia	$41,600	2
99	Terry Pettersen, Madelia	$41,600	2
99	Thomas Ulmen, Madelia	$41,600	2
99	Trent Frederickson, Saint James	$41,600	2
99	Virgil Stradtman, Saint James	$41,600	2

How the list is drawn

121 of the 646 borrowers ranked in Watonwan 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 23 borrowers.
A borrower is ranked here when SBA recorded its first loan in Watonwan 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

Watonwan County, as of September 30, 2024

The largest borrowers in Watonwan County · 2020–21

How the list is drawn

Related

Sources