The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could 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.
PPP loans distributed in 2020 in ZIP Code 61568
| Name of Borrower | Current Approved Amount |
|---|---|
| Tazewell County Resource Centers, Inc. | $1,111,300 |
| The Library Store, Inc. | $388,900 |
| Tremont Cooperative Grain Company | $258,145 |
| Stuber Land Design, Inc. | $250,600 |
| Day Care Resources, Inc. | $221,000 |
| Cad Construction, Inc. | $199,000 |
| Jimmel Corporation | $157,500 |
| Icci Illini Concrete, LLC | $155,052 |
| Trekon Company | $124,300 |
| Trend Setters, Ltd. | $92,000 |
| Tremont Oil Company | $75,000 |
| Aberle Farms, Inc. | $67,043 |
| Tremont Family Dental, Ltd. | $66,800 |
| Perdue's Grill, Inc. | $64,100 |
| Louisa Jane, Inc. | $60,947 |
| Brooks Transmission, Inc. | $59,200 |
| Davis Mortuary, Inc. | $56,900 |
| Jason Garey Insurance Agency, Inc. | $56,800 |
| A&R Bulk Service, Inc. | $56,300 |
| Brewer Law Office, LLC | $53,200 |
| Liberty Systems, LLC | $50,000 |
| Crossroads Used Cars, Inc. | $48,700 |
| GT Services of Illinois, Inc. | $48,600 |
| Get Yourself Motivated, Inc. | $48,300 |
| Rick Vance | $43,200 |
| Tremont United Methodist Church | $42,310 |
| Tremont Veterinary Clinic, PC | $41,800 |
| Beecham's Market, Inc. | $41,272 |
| Dren, Inc. | $40,927 |
| Litwiller Excavating, LLC | $32,900 |
| Smalltown Dental Tremont, LLC | $32,800 |
| Tremont Kitchen Tops, Inc. | $32,200 |
| Haas It Solutions, Inc. | $27,600 |
| Stuber Fehr, Inc. | $26,460 |
| Midwest Environmental Consulting & Remediation Services, Inc. | $25,700 |
| A & J Solar, LLC | $23,700 |
| Tremont Baptist Church | $23,552 |
| Philip Schmidgall | $20,833 |
| Scott Stuber | $20,833 |
| Joseph D. Schoenbein | $20,833 |
| Sinn Brothers | $20,833 |
| Ryan Deppert | $20,833 |
| John Stauffer | $20,833 |
| Nick J. Schoenbein | $20,833 |
| Ryan D. Sauder | $20,800 |
| SNT Education Consulting, LLC | $20,800 |
| Jared Sauder | $20,800 |
| Landi & Ledi, Inc. | $19,138 |
| Morr Electrical Service, Inc. | $18,750 |
| Sauder Farms, Inc. | $17,750 |
| Dill-View, Inc. | $16,388 |
| Conrad G. Beachy | $15,600 |
| A. G. Seeds | $14,545 |
| Lori Venovich | $12,818 |
| Tremont Family Chiropractic | $12,500 |
| Tremont Car Connection, Inc. | $11,610 |
| Gingrich Construction, Inc. | $11,400 |
| Big ARTS Yokel | $11,305 |
| Narmada Retails, LLC | $11,200 |
| A and J Enterprises, Ltd. | $10,895 |
| Scott Wirtjes | $9,200 |
| Affordable Auto Enhancement, Inc. | $8,950 |
| Ivan Lambrich | $8,897 |
| Tim Uhlman | $7,730 |
| Staker Brothers Farms | $6,700 |
| Nicholas D. Uhlman | $6,579 |
| Sunflower Real Estate Group, LLC | $6,400 |
| Jason E. Berger | $6,376 |
| Darcy Wathern | $4,800 |
| Riverside Acres, Inc. | $4,100 |
| Campbell Mobile Veterinary Clinic | $4,000 |
| Kyle E. Deppert | $3,693 |
| Jonathan B. Boston | $3,050 |
| Associated Interior Construction, Inc. | $2,900 |
| Nicole A. Switzer | $2,900 |
| Miss Angela's Daycare | $1,487 |
| Jody Dill | $1,400 |
| Chad Lucas | $1,000 |
| Lucas Farms, Inc. | $600 |
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