Quantcast

Peoria Standard

Thursday, November 21, 2024

ZIP Code 61733: 22 PPP loans provided to small businesses in 2020

Genbusiness009760x475

There were 22 PPP loans provided to small businesses in 2020 in ZIP Code 61733, according to the US Small Business Administration.

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 61733

Name of BorrowerCurrent Approved Amount
G a Rich & Sons, Inc.$1,502,600
Homeway Homes, Inc.$785,500
Titan Industries, Inc.$335,694
Bell Enterprises, Inc.$222,300
Loos Service & Supply, Inc.$109,006
Aunt EMS Gourmet Popcorn, Inc.$76,400
Gingerich Plumbing Company$74,679
Zehr Property Maintenance, LLC$69,900
Deer Creek Flange Pipe Company$61,177
Safe Harbor Financial Group, Inc.$37,689
All Trades Services, LLC$28,200
Deer Creek Farms IL, LLC$27,268
Brad R. Kamp$20,833
Trent Bryan$20,833
Michael Wurmnest$20,833
Clayton Wiegand$20,800
Jonathan Zehr$20,800
Debolt and Baker Draught Service$17,815
Angela R. Wiegand$8,240
Patricia Bonczkowski$6,800
Scott Schmidgall$2,046
Alloway Creek Stables, Inc.$1,924

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS