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 61570
| Name of Borrower | Current Approved Amount |
|---|---|
| Security Development Corporation | $258,200 |
| BRE Mid America, Inc. | $246,300 |
| BRE Princ, Inc. | $176,200 |
| BRE Sogrand, Inc. | $176,100 |
| Brechil, Inc. | $164,800 |
| BRE Pon, Inc. | $155,100 |
| BRE Forgy, Inc. | $149,200 |
| BRE Forgrand, Inc. | $145,700 |
| BRE Wash, Inc. | $137,800 |
| BRE Met Restaurant, Inc. | $131,000 |
| BRE Bash, Inc. | $130,800 |
| BRE El Restaurant, Inc. | $128,300 |
| BRE Men, Inc. | $126,200 |
| BRE Spring, Inc. | $117,400 |
| BRE CHE, Inc. | $104,400 |
| BRE Dota, Inc. | $97,700 |
| Kennell Electric, Inc. | $49,800 |
| Winkler Construction Company | $47,600 |
| Alpha Insurance Services, Inc. | $43,432 |
| Thomas Lasswell | $39,310 |
| Valley Sand and Gravel, Inc. | $38,300 |
| Trac All Tune & Lube, Inc. | $30,400 |
| Erkman & Sons, Inc. | $25,700 |
| Melvin J. Feazel | $20,833 |
| Gregory W. Shirley | $20,800 |
| Harold A. Scheirer | $20,800 |
| Cheryl L. Pfanz | $20,800 |
| Todd A. White | $20,800 |
| Steven A. Aurbeck | $20,800 |
| Dennis W. Planz | $20,800 |
| Troy D. White | $20,800 |
| Quiney Consolidated, Inc. | $19,300 |
| Kolton White | $18,500 |
| Craig Trucking, Ltd. | $17,088 |
| The Sun Foundation for Advancement in the Environmental Scie | $16,400 |
| Grebner Machine and Tool, Inc. | $16,300 |
| J & E Automotive | $16,200 |
| Hare Excavating, LLC | $14,642 |
| Pride Manufacturing, Inc. | $10,800 |
| Paul J. Damerell | $10,500 |
| Central Illinois Consulting, Inc. | $10,300 |
| K & T Disposal, Inc. | $7,500 |
| Oltman Trucking | $7,006 |
| Ulrich Lawn Care, Inc. | $6,900 |
| Fonzie Weiss | $6,800 |
| Washburn United Methodist Church | $6,500 |
| Clinton S. Kennell | $6,500 |
| Joshua L. Byrd | $4,500 |
| Superior Farm Drainage | $4,300 |
| Ladd L. Harms | $3,600 |
| Thierer Trucking | $3,595 |
| Schumacher Tractor Repair | $2,751 |
| Andy L. Heimsoth | $2,600 |
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