Business & Tech
Coronavirus Relief Loans In Mendota Heights: Where PPP Money Went
Here's a look at which businesses in your area have opted to received PPP loans from the United States to stay afloat during the pandemic.
MENDOTA HEIGHTS, MN — Thousand of Minnesota businesses have received Paycheck Protection Program, or PPP, loans to help pay their employees during the coronavirus pandemic.
PPP loans were established as part of the federal government's CARES act, and are similar to grants: they will be forgiven as long as businesses keep their employees on their payroll, without cutting their pay. However, the money does not necessarily have to go directly to employees as long as the business keeps paying them — it can also be used to pay interest on mortgages, rent and utilities.
The U.S. Small Business Administration released data Monday that shows nearly 5 million businesses have received PPP loans totaling over $521,000,000,000. The U.S. Treasury says that money has supported 51.1 million jobs, as much as 84 percent of America's small business employees.
Find out what's happening in Mendota Heightsfor free with the latest updates from Patch.
Here are local businesses and organizations that accepted PPP:
PPP between $150K - $300K
Find out what's happening in Mendota Heightsfor free with the latest updates from Patch.
BERG PLUMBING & HEATING, INCORPORATED
BLACKHAWK INCORPORATED
GREAT AIR INC
HEART TO HOME INCORPORATED
MENDOTA HEIGHTS WP, LLC
SONSHINE LEARNING CENTER
TAYLOR SALES, L.L.C.
TOWER SOLUTIONS, LLC
YES GROUP, INC
PPP between $350K - $1 million
AVM CONSTRUCTION LLC
COUSINEAU WALDHAUSER KIESELBACH PA
CREATIVE CARE RESOURCES INC
MENDAKOTA COUNTRY CLUB, INC.
PIONEER ENGINEERING PA
POWER PLAY MARKETING GROUP, LLC
SHAC LLC
SIGMA ENTERPRISES LLC
PPP between $1 million - $2 million
HOLLSTADT ASSOCIATES, INC.
NAVEGATE, INC.
WATER STREET RESTAURANTS GROUP LLC
PPP between $2 million - $5 million
NORTHERN CONTOURS, INC
Here is a complete list of all Minnesota businesses who have received PPP loans over $150,000. Tens of thousands more businesses received loans under $150,000.
Editor's Note: The data used in this story came from the Small Business Administration. Since the release of the PPP database, a number of errors related to the loan amounts received by small businesses have been reported. If your business is listed here as receiving the wrong loan amount, email william.bornhoft@patch.com so we can make the correction.
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