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 61605
| Name of Borrower | Current Approved Amount |
|---|---|
| Laser Electric, Inc. | $1,773,600 |
| Orthopedic Associates of Peoria S. C. | $552,052 |
| Robert Cottingham Property Management Company | $545,500 |
| South Side Mission of Peoria | $379,000 |
| Crittenton Centers | $304,200 |
| Stoops Plumbing, Inc. | $254,700 |
| Peoria SLF Special, LLC | $246,400 |
| Peoria Chiefs Community Baseball Club, LLC | $223,100 |
| Neighborhood House Association | $205,400 |
| Geo J Rothan Company | $187,900 |
| Born Paint & Wallpaper Company, Inc. | $162,700 |
| A. Miller & Company | $160,000 |
| Jimax Landscape, LLC | $155,600 |
| Christ Lutheran Church of Peoria, Illinois | $140,700 |
| Getz Industrial Cleaning, Inc. | $137,800 |
| Hunter Hydro-Vac, Inc. | $135,700 |
| Rose Medical Association, Inc. | $110,658 |
| Tri-County Urban League, Inc. | $97,700 |
| Diamond Concessions of Illinois, LLC | $78,300 |
| Heart of Illinois Big Brothers Big Sisters | $69,700 |
| Rocket Tire Service Company | $58,200 |
| The Pentecostals of Peoria | $45,600 |
| A&A Air Conditioning & Heating, Inc. | $42,500 |
| Technicraft Supply Company | $36,900 |
| Cj's Signs | $31,100 |
| METEC | $30,834 |
| Southtown Brake & Automotive, Ltd. | $29,145 |
| Doug Williams Construction, Inc. | $28,900 |
| Jimax Corporation | $28,400 |
| Dooley Bros. Mining & Construction Products, Inc. | $27,845 |
| Peoria One Stop, Inc. | $26,287 |
| Laramie Street Liquors | $25,355 |
| Sanany Gas, Inc. | $21,830 |
| Zion Baptist Church | $21,085 |
| Timmy Roddy | $20,832 |
| Serenity Electric | $20,700 |
| Tnahleg Hall | $20,000 |
| Shannon Franklin | $20,000 |
| Michael Miller | $19,557 |
| Terrell Thomas | $19,137 |
| Thomas | $19,137 |
| Status Nightclub, LLC | $18,375 |
| M. & R. Corporation Peoria | $18,000 |
| MT. Zion Baptist Church | $17,103 |
| Cary Hightower | $16,668 |
| George Washington Carver Association | $15,032 |
| RLS Racing Enterprises, Inc. | $14,800 |
| Demetre Franklin | $13,686 |
| Ward Chapel African Methodist Episcopal Church of Peoria, IL | $13,400 |
| A & N Fashion, Inc. | $12,760 |
| Peoria Market, Inc. | $12,511 |
| Pentecostal Church of Jesus Christ | $12,200 |
| A & E Group, LLC | $11,700 |
| Yaya, Inc. | $11,000 |
| Jennifer L. Simmons | $10,900 |
| Maxie Beauty Supply, Inc. | $10,800 |
| Jim's JR. Trucking | $10,494 |
| Brittney Jackson | $10,280 |
| Peoria Beauty Supplies, Inc. | $10,200 |
| Laramie Street Baptist Church SBC of Peoria Illinois | $9,400 |
| Michael B. Cook | $8,300 |
| Nasser Fuel, Inc. | $7,997 |
| Sanany Brothers, Inc. | $7,182 |
| Super Star Market, Inc. | $7,137 |
| Mel Allen Construction, Inc. | $7,000 |
| Jan's Tap, Inc. | $6,545 |
| Old Dixie Mart | $6,335 |
| Century Car & Van Rental, Inc. | $5,900 |
| Central Church of God, Inc. | $5,417 |
| Scott Automotive, Inc. | $5,255 |
| Ogle Motors | $4,400 |
| Illinois Blueprint Corporation | $2,600 |
| Dessean Wyatt | $1,100 |
| Orlando Mathews | $676 |
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