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 61760
| Name of Borrower | Current Approved Amount |
|---|---|
| SMF, Inc. | $2,860,300 |
| Green Tree Pharmacy, Inc. | $687,900 |
| EKGM, Inc. | $184,600 |
| Justcore, Inc. | $104,432 |
| Meyer Jochums Agency, Inc. | $103,400 |
| Kelsey Farms, Inc. | $83,800 |
| Heartland Cable Systems, Inc. | $72,600 |
| Zarc International, Inc. | $62,700 |
| Rick Uftring | $57,100 |
| Cunningham's Candies, Inc. | $38,900 |
| James Baumann | $38,180 |
| Danny E. Cirks | $35,200 |
| Alan Rients | $33,236 |
| David Winterland | $30,344 |
| Riely & Riely | $26,900 |
| Edward Conroy | $26,100 |
| Robert D. Janssen | $22,500 |
| Pam HDZ, Inc. | $21,900 |
| William Leigh | $20,832 |
| Cheryl Block | $20,800 |
| Arlan Timmerman | $20,800 |
| Petta Trucking | $20,800 |
| Barry L. Stutzman | $20,800 |
| Duane Sullivan | $20,800 |
| Paul G. Steinhilber | $20,800 |
| Terry Matter | $20,800 |
| David A. Falk | $20,800 |
| Thomas J. Harms | $20,800 |
| Benjamin D. Janssen | $20,800 |
| David Timmerman | $20,800 |
| Brian Janssen | $20,200 |
| Ronald G. Upts | $19,500 |
| Michael D. Gerdes | $19,400 |
| Immanuel Evangelical Lutheran Church of Minonk, Illinois | $18,800 |
| St. Pauls United Church of Christ | $18,100 |
| Tjaden Partnership | $16,000 |
| Craig Seggerman | $14,400 |
| Roger Jansen | $13,015 |
| Stanley Weber | $12,717 |
| Nicholas Paternoga | $12,700 |
| DBA East Side Grooming Shop | $12,100 |
| Kirkton Electric | $11,500 |
| Sidebottom & Sons, Inc. | $10,400 |
| Savant Technologies US, LLC | $9,860 |
| B&D Lawn & Tree Care | $9,600 |
| Frederick Leonard Allen | $8,300 |
| Minonk Baptist Church, Inc. | $6,500 |
| Doyle J. Hurd Jr. | $5,100 |
| Wayne Weber | $4,692 |
| White & Rustic Boutique | $3,700 |
| MacKenzie Meyer | $3,200 |
| Eric M. Greenland | $3,100 |
| Melinda B. Johnson | $2,800 |
| Brian M. Greenland | $2,400 |
| Shreeji Investors Group, LLC | $2,300 |
| Kelsey Janssen | $1,802 |
| Linda M. Seggerman | $1,800 |
| Shear Designs | $1,500 |
| Riff's, Inc. | $1,500 |
| Kathy Conroy | $1,400 |
| Miss Sara's Shinning Stars | $500 |
| Pamela S. Janssen | $400 |
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