The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
| Name of Borrower | Current Approved Amount |
|---|---|
| HCC, Inc. | $2,775,877 |
| Holland & Sons, Inc. | $1,751,700 |
| Northern Partners Cooperative | $1,303,692 |
| Starved Rock Wood Products, LLC | $1,238,800 |
| The Black Bros. Company | $937,500 |
| Schimmer Chevrolet Buick, Inc. | $478,750 |
| Prairie Land Millwright Services, Inc. | $397,600 |
| Phalen Steel Construction Company | $397,325 |
| Prescott Bothers, Inc. | $316,604 |
| ENP Investments, LLC | $215,960 |
| Sam Beetz & Sons | $200,000 |
| Meriden Grain Company | $183,865 |
| Mendota Ford, Inc. | $158,600 |
| Triple Service, Inc. | $157,870 |
| Holy Cross Roman Catholic Congregation | $150,347 |
| Wixom Farms, Inc. | $148,679 |
| Ancare Veterinary Clinic, PC | $144,394 |
| Lilja Tiling & Excavating, LLC | $129,641 |
| Illinois Frame, Inc. | $113,440 |
| Mauch Carpentry, Inc. | $111,634 |
| West Side Family Dentisty, Ltd. | $102,298 |
| Bernal Energy Services, LLC | $95,100 |
| Ekana Nursery and Landscaping, Inc. | $91,280 |
| Bowne Painting & Decorating, Inc. | $77,000 |
| DR Megan's Healthcare Ministries, LLC | $72,500 |
| American Machine, Inc. | $67,724 |
| Walter Bros., Inc. | $65,850 |
| Kurt Bruno State Farm Insurance | $61,665 |
| Gahan Goy Cpa's, Ltd. | $57,228 |
| Guilfoyle & Stevenson | $55,488 |
| Mendota Pizza, Inc. | $54,000 |
| Mendota Companion Animal Centre, P.C. | $51,238 |
| ARS Auto Repair, Inc. | $50,000 |
| N. L. Morton Buildings, Ltd. | $48,631 |
| Cindy's on 34, LLC | $48,600 |
| Krenz Dental Corporation | $47,280 |
| Stephenitch, Inc. | $47,205 |
| BNB International, Inc. | $47,087 |
| Piller Chirporactic Clnic, Ltd. | $45,390 |
| Boelk Enterprises | $43,829 |
| Raahi Nivas, Inc. | $42,800 |
| Tara Van De Wyngaerde N. Od Pc | $42,738 |
| Chris Eller the Retirement Specialist | $42,700 |
| Brinck, Inc. | $42,592 |
| Lop Office Supply, Inc. | $41,543 |
| Danco Construction | $41,494 |
| Northern Illinois Ambulance Billing, Inc. | $40,240 |
| Mendota Monument Company | $40,196 |
| J. L. Sloan Electric | $39,593 |
| Mendota Area Senior Services, Inc. | $39,063 |
| Beck Farms, Inc. | $37,592 |
| KKF, LLC | $36,815 |
| Mendota Child Development Center | $36,610 |
| Linda Swanson | $34,072 |
| Illinois Valley Door Company, LLC | $33,900 |
| Doughty Custom Spread & Spray Serice, Inc. | $33,500 |
| Patterson Truck Repair | $32,424 |
| Mendota Publishing Corporation | $30,100 |
| RSG Millwrights, Inc. | $30,000 |
| Sondgeroth Trucking, Inc. | $28,940 |
| Main Street Station, Inc. | $28,935 |
| Kenneth Otterbach | $28,779 |
| Ziggies Family Restaurant | $28,637 |
| John Robeson General Contractor | $26,139 |
| Michael J. Organ | $26,080 |
| Shree Yogi, LLC | $23,600 |
| Echols & Associates, PC | $23,303 |
| Gary Sutton | $23,161 |
| P&D Mclachlan Partnership | $22,750 |
| Setchell Agency, Ltd. | $21,800 |
| Dr. Elie Daniel | $21,430 |
| Barkman Concrete Construction, Inc. | $21,275 |
| Daniel Hochstatter | $20,833 |
| John C. Schlesinger | $20,833 |
| Paul Richardson Trucking | $20,833 |
| Mcconville Insurance Agency | $20,833 |
| Daryl Sondgeroth | $20,833 |
| Kevin Sheridan | $20,833 |
| Robert Engels | $20,833 |
| Timothy D. Engels | $20,832 |
| Melecio Attachments and Repair, Inc. | $18,911 |
| El Zarape, Inc. | $17,757 |
| Lambert J Leonard Farm, LLC | $17,413 |
| Chritine J. Liesse | $16,737 |
| Scott Novak Trucking | $16,520 |
| Albert D. Gommel | $16,300 |
| JJ & L Carpentry, LLC | $15,384 |
| Furars Body Shop, Inc. | $15,300 |
| Berger Trucking, Inc. | $15,150 |
| Michael G. Bokus | $14,640 |
| Knapp Farms, Inc. | $14,122 |
| James Ambler | $13,853 |
| Craig Pohl | $13,819 |
| Microtech Microscope Sales & Service | $13,555 |
| Ernesto Villalobos MS LLC D.D.S. | $13,100 |
| Near Trucking, LLC | $12,844 |
| SHU Mei Huang & Min Wen Lu | $12,709 |
| Abigail Women's Center | $12,300 |
| Zion United Methodist Church | $12,171 |
| Double D Motorsports, Inc. | $12,046 |
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