WINONA, Minn. – Preservationist Peter Shortridge took a $20,800 loan from the federal Covid paycheck protection program. The loan was through Winona National Bank. according to government documents. PPP loans, which can go businesses or individuals, can be as much as 2-1/2 times their average monthly 2019 payroll expenses although capped at $100,000 annually per employee. The Shortridge loan was to him personally. Shortridge operates Latsch Building Development with offices at 111 Riverfront, a building he restored. He also is a principal of 102 Walnut, LLC; Global Partners, Inc.; and Driftless Vineyard.
