Loans of $25,000 were provided to 78 businesses.
The largest loan underneath the $25,000 threshold was $25,000, given to Gentle Dental / Robert J Whalen.
The average loan amount provided to Montana small businesses was $52,401.
One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.
Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.
Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.
A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.
| Borrower Name | Loan Amount | Difference From Average Loan Amount in MT |
|---|---|---|
| Gentle Dental / Robert J Whalen | $25,000 | -$27,401 |
| Spartan Builders, Inc. | $25,000 | -$27,401 |
| Covey Contracting, LLC | $25,000 | -$27,401 |
| Crazy Mountain Industries, Inc. | $25,000 | -$27,401 |
| Tri-H Stables, LLC | $25,000 | -$27,401 |
| Prime Rentals, LLC | $25,000 | -$27,401 |
| Fire & Slice, LLC | $25,000 | -$27,401 |
| Fire & Slice, LLC | $25,000 | -$27,401 |
| John Farrell Construction, LLC | $25,000 | -$27,401 |
| Hutchison Real Estate Company, LLC | $25,000 | -$27,401 |
| Enviro-Green Cleaning, Inc. | $25,000 | -$27,401 |
| Big Dog Services, Inc. | $25,000 | -$27,401 |
| Valley Docks, LLC | $25,000 | -$27,401 |
| Jules, Inc. | $25,000 | -$27,401 |
| Annette Watts Enterprise, Inc. | $25,000 | -$27,401 |
| Thelen Mortgage, Inc. | $25,000 | -$27,401 |
| Segrevious, Inc. | $25,000 | -$27,401 |
| The Paint Doctor | $25,000 | -$27,401 |
| Johnston Excavating, Inc. | $25,000 | -$27,401 |
| JRB Construction, Inc. | $25,000 | -$27,401 |
| Goldsmith's Bed and Breakfast | $25,000 | -$27,401 |
| Kuipers and Associates, LLC | $25,000 | -$27,401 |
| One Montana | $25,000 | -$27,401 |
| Hinchey and Hinchey, PC | $25,000 | -$27,401 |
| Seeley Swan Pharmacy, Inc. | $25,000 | -$27,401 |
| Gouchenour Farm | $25,000 | -$27,401 |
| Millers Red Rooster Cafe, Inc. | $25,000 | -$27,401 |
| Henningsen, Vucurovich & Richardson, P.C. | $25,000 | -$27,401 |
| JMF Services, Inc. | $25,000 | -$27,401 |
| Triple Treasure, Inc. | $25,000 | -$27,401 |
| Mathis Company, LLC | $25,000 | -$27,401 |
| B & B Tire Company | $25,000 | -$27,401 |
| Gehlen, Inc. | $25,000 | -$27,401 |
| Jules, Inc. | $25,000 | -$27,401 |
| Grace Productions, Inc. | $25,000 | -$27,401 |
| Hopper and Ro Paint and Design, Inc. | $25,000 | -$27,401 |
| U Rail, LLC | $25,000 | -$27,401 |
| Alpine Lighting Center, Inc. | $25,000 | -$27,401 |
| P & H Business Management, Inc. | $25,000 | -$27,401 |
| Kevin Kenfield, LLC | $25,000 | -$27,401 |
| WC Annies, LLC | $25,000 | -$27,401 |
| Thomas Appraisal Services, Inc. | $25,000 | -$27,401 |
| The Chiropractor | $25,000 | -$27,401 |
| The Chiropractor | $25,000 | -$27,401 |
| D&J Services, LLC | $25,000 | -$27,401 |
| Segrevious, Inc. | $25,000 | -$27,401 |
| Deaton and Company Real Estate, Inc. | $25,000 | -$27,401 |
| The Paint Doctor | $25,000 | -$27,401 |
| Johnston Excavating, Inc. | $25,000 | -$27,401 |
| Lonnevik Law Firm, PC | $25,000 | -$27,401 |
| Townsend Plumbing and Heating | $25,000 | -$27,401 |
| Crazy Mountain Industries, Inc. | $25,000 | -$27,401 |
| AMP Enterprise, LLC | $25,000 | -$27,401 |
| Performance Truck & Auto, Inc. | $25,000 | -$27,401 |
| Kiddie College, LLC | $25,000 | -$27,401 |
| Archer Enterprises, Inc. | $25,000 | -$27,401 |
| Proficient Technologies, Inc. | $25,000 | -$27,401 |
| JRB Construction, Inc. | $25,000 | -$27,401 |
| Massage on Broadway JB, LLC | $25,000 | -$27,401 |
| Yellowstone Grill, LLC | $25,000 | -$27,401 |
| JW Tile, LLC | $25,000 | -$27,401 |
| Sparrs Towing, LLC | $25,000 | -$27,401 |
| Montana Sales and Loan Company | $25,000 | -$27,401 |
| Scott G. Kremmel, Inc. | $25,000 | -$27,401 |
| Hughes Livestock Company, Inc. | $25,000 | -$27,401 |
| Grantlun Corporation | $25,000 | -$27,401 |
| Tradeworks Construction, LLC | $25,000 | -$27,401 |
| A and M Oil, LLC | $25,000 | -$27,401 |
| Safeguard Storage, LLC | $25,000 | -$27,401 |
| Quail Hollow | $25,000 | -$27,401 |
| Agape Fashion, LLC | $25,000 | -$27,401 |
| Wanaka Management Company, Inc. | $25,000 | -$27,401 |
| Coram Enterprises, LLC | $24,992 | -$27,409 |
| Trophy Property Developers, Inc. | $24,980 | -$27,421 |
| Cornerstone Chiropactic Center, P.C. | $24,972 | -$27,429 |
| Flathead Lake INN, Inc. | $24,970 | -$27,431 |
| Barnick's Hometown Brandcenter | $24,968 | -$27,433 |
| Montana Marbled Meats, LLC | $24,963 | -$27,438 |
| Equinox Center for Creative Experience | $24,957 | -$27,444 |
| Montana Real Estate Group | $24,950 | -$27,451 |
| Four Corners Supply, Inc. | $24,949 | -$27,452 |
| Four Corners Supply, Inc. | $24,925 | -$27,476 |
| Montana Food Ventures, LLC | $24,920 | -$27,481 |
| JWJ Family Corporation | $24,914 | -$27,487 |
| Transcendent Anesthesia and Pain Services, PC | $24,900 | -$27,501 |
| R&J Agent Supply, LLC | $24,900 | -$27,501 |
| Frank J. Joseph, PC | $24,900 | -$27,501 |
| W Chiropractic Incorporated | $24,900 | -$27,501 |
| Woolsey Tire, Inc. | $24,900 | -$27,501 |
| Bidegaray Law Firm, LLC | $24,900 | -$27,501 |
| Elevendoubleoseven, Inc. | $24,900 | -$27,501 |
| RMH7, LLC | $24,900 | -$27,501 |
| Brett Keaster Agency, Inc. | $24,900 | -$27,501 |
| Greyn Scale Company | $24,900 | -$27,501 |
| B & K, Inc. | $24,900 | -$27,501 |
| B & K, Inc. | $24,900 | -$27,501 |
| Centana Property Management, LLC | $24,900 | -$27,501 |
| Redleaf Engineering, LLC | $24,900 | -$27,501 |
| Butana Sand & Gravel, LLC | $24,900 | -$27,501 |
| Low Enterprises, Inc. | $24,900 | -$27,501 |
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