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Illinois Valley Times

Saturday, April 27, 2024

HHS provides $812,347 to businesses in Streator under CARES Act

Genbusiness008

Through the fourth quarter of 2020, businesses in Streator received $812,347 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Illinois received $5.2 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Advocate Health and Hospitals Corporation with a total of $316 million. The average loan size in the city was $73,850 while the state's average loan amount was $335,543.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Parker Nursing & Rehabilitation Center, LLC$543,458
2Cardiac Thoracic & Endovascular Therapies School$222,877
3Streator Children's Clinic$17,873
4Results Physical Therapy and Fitness$10,155
5Steven Trzepacz$8,570
6Bartoli Chiropractic Center, Ltd.$3,819
7Family Medical Clinic of Livingston County School$3,212
8Carl P Mattioda and Chaoming Chen MDSC, M.D.$911
9Herwig, Inc.$892
10Gary B. White$530
11Eye-Mart, Inc.$50

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