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 61755
| Name of Borrower | Current Approved Amount |
|---|---|
| US Conveyor Technologies Manufacturing, Inc. | $592,200 |
| KDJ Sales & Service, Inc. | $502,002 |
| Johnco Construction, Inc. | $449,900 |
| Comtech Holdings, Inc. | $240,600 |
| Miller and Son Construction Company | $188,620 |
| Hoffman Concrete, Inc. | $117,000 |
| Mcgrath Law Office, P.C. | $113,197 |
| Mackinaw Transfer, Inc. | $111,485 |
| Eastside Educational Center, Inc. | $105,600 |
| National Solutions Company | $105,475 |
| New Castle Bible Church | $100,900 |
| Zehr Foods, Inc. | $80,657 |
| Henderson Weir Agency, Inc. | $72,674 |
| Ken Trimble, Inc. | $66,200 |
| Garden Gate Floral, Inc. | $58,632 |
| Mechanical Services Group, Inc. | $53,700 |
| Canary Systems, Inc. | $46,433 |
| Midstate Collision Repair, Inc. | $45,052 |
| FL Sons Fire Equipment, Inc. | $41,800 |
| Marv Litwiller Sons Excavating, LLC | $38,697 |
| Judah International Ministries | $38,500 |
| Legacy Lawn Care of Illinois, Inc. | $37,100 |
| Mackinaw Valley Vineyard, Ltd. | $35,500 |
| Link Point Communications, LLC | $35,026 |
| John Zaiser Insurance and Financial Services Agency, Inc. | $32,700 |
| Ben E. Neville Trucking, Inc. | $32,395 |
| Haynes on Main, LLC | $30,900 |
| Mustang Enterprises, Inc. | $28,465 |
| Steve Tate | $26,724 |
| Warrick Bros | $25,800 |
| Roger Deyn Schlappi | $23,900 |
| Eric Schmidgall | $21,300 |
| Daniel E. Schwarting | $21,200 |
| John R. Weishaupt | $20,833 |
| John Guengerich | $20,833 |
| Kieth L. Cornwell | $20,800 |
| Kent W. Cornwell | $20,800 |
| Burash Brothers, LLC | $20,800 |
| Bolin Trucking | $20,700 |
| Nick Neville | $18,931 |
| Heartland It Solutions, LLC | $17,917 |
| Kentuckiana Kampground, Inc. | $16,975 |
| Trimble Enterprises, Inc. | $16,400 |
| Hygienic Solutions Cleaning Services, Inc. | $15,800 |
| Charter Door Company, LLC | $15,605 |
| Boehm Electrical Contractors, LLC | $15,200 |
| Country Landscape and Lawn Service, Inc. | $12,400 |
| Dabco, LLC | $12,200 |
| Bradley D. Haning | $11,255 |
| Bradley S. Long | $11,100 |
| Scotts Boiler Service, Inc. | $10,160 |
| Boucher & Sons Tire, LLC | $9,950 |
| Robert Paine | $9,376 |
| Leading Visions, Inc. | $8,500 |
| Miller Materials, Inc. | $7,770 |
| Ted Schmidgall | $7,637 |
| Louis Weishaupt | $7,362 |
| Darin Enterprises, LLC | $7,205 |
| Lone Star Family Farm, Inc. | $7,000 |
| Schmidgall Ventures, LLC | $6,665 |
| Hope Baptist Church | $6,500 |
| Legacy Catering, Inc. | $6,000 |
| Monkey Wrench Plumbing, Inc. | $5,833 |
| Mark Dietrich | $5,080 |
| Area Buyers Guide / Wheels & Deals | $4,900 |
| Deer Creek American Legion Post # 1276 | $4,882 |
| Holloway Land Surveying, Inc. | $4,700 |
| Tirana 2, Inc. | $3,964 |
| Daryl W. Birkey | $3,891 |
| Todd Walker | $3,755 |
| Sarahs Clip & Curl | $3,000 |
| John J. Gill | $2,200 |
| Jody Kruse | $800 |
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