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 62557
| Name of Borrower | Current Approved Amount |
|---|---|
| Pana Community Hospital Association | $2,616,600 |
| Pizzz Manager of Pana, Inc. | $329,900 |
| Beyers Construction Company, Inc. | $229,500 |
| Bob Ridings Chrysler-Plymouth-Dodge, Inc. | $193,900 |
| Beyers Lake Estates, Inc. | $186,800 |
| Joe Coleman & Son Environmental Services, Inc. | $173,400 |
| Presnell Brothers, Inc. | $150,300 |
| Joe Coleman Salavage & Demolition, Inc. | $136,300 |
| St. Patrick's Catholic Church | $133,100 |
| T & B Automotive Equipment Sales, Inc. | $128,000 |
| Castle Concrete Construction, Inc. | $120,700 |
| Foundation Properties, Inc. | $96,200 |
| Trexler & Company Cpas, PC | $93,800 |
| Christer Foods, Inc. | $85,700 |
| Harbach, Nixon & Willson, Inc. | $83,200 |
| Locked & Loaded Limited | $75,000 |
| J. L. Dixon Builders, Inc. | $71,700 |
| Roadrunner Lawn Ornaments, Inc. | $67,375 |
| Clancy Coleman Excavating | $66,095 |
| Stark Distributing, Inc. | $64,700 |
| Pana Animal Hospital, Inc. | $64,100 |
| M Handy Transport, Inc. | $61,150 |
| Morrell Auto Service, Inc. | $56,700 |
| Lilly Pads Learning Center | $56,100 |
| Hilton Plumbing | $49,200 |
| Joseph T. Marcin, JR., OD | $48,000 |
| Slack Glass Company | $46,100 |
| Tap Business Systems of Illnois, Inc. | $45,400 |
| Mickey Seeds, Inc. | $44,940 |
| Ronald F. Sloan | $44,700 |
| Dagen's Pana Auto Service | $42,500 |
| Siegert-Lees Insurance Services, LLC | $38,724 |
| Epley Bros., Inc. | $38,500 |
| Brunner Auto Supply, Inc. | $37,900 |
| Pana Bait Company, Inc. | $37,800 |
| Ryan Farms Partnership | $34,500 |
| First United Methodist Church of Pana, Illinois | $34,400 |
| Ishmael Insurance Services, Inc. | $32,900 |
| Blades Plumbing | $32,707 |
| Gary D. Towler | $32,200 |
| House and Home, Inc. | $28,600 |
| Cameron Farms, Inc. | $28,600 |
| David C. Goatley | $28,200 |
| Larry E. Smith | $28,000 |
| Workhorse Concrete | $27,700 |
| Seventh Son Excavating, Inc. | $26,900 |
| M & K Seamless Gutters | $26,200 |
| Wesley Horton | $24,200 |
| Dennis Beyers | $23,000 |
| Craig Antenna Service, Inc. | $22,200 |
| Stephen A. Hoffman | $22,200 |
| Cherry's Auto Repair/auto Body | $21,905 |
| Pana Christian Church | $21,500 |
| Eric J. Kingery | $21,400 |
| Tians Rosebud, Inc. | $21,322 |
| Rick Ade | $20,937 |
| Chet Metzger | $20,833 |
| Keith Henschen | $20,833 |
| Wilborn Creek Powersports | $20,832 |
| Don M. Wilhour | $20,832 |
| Nicholas H. Spracklen | $20,832 |
| Heath Spracklen | $20,832 |
| Michael D. Berner | $20,832 |
| Dwain Mcafee Insurance Services | $20,832 |
| Harold L. Smedley | $20,800 |
| Brent Wilhour | $20,800 |
| Dewey F. Long | $20,800 |
| Pallets N More | $20,800 |
| James Vandenbergh L. Jr. | $20,800 |
| Jeffrey L. Scott | $20,800 |
| Michael R. Pinkston | $20,800 |
| Warren L. Jordan | $20,800 |
| Rex Wilhour | $20,800 |
| Michael Swiney | $20,800 |
| Dillon Wilhour | $20,800 |
| Robert A. Holthaus | $20,800 |
| Richard C. Litz | $20,800 |
| Daniel Ryan | $19,800 |
| Mcmillen Builders, Inc. | $19,100 |
| Dorn Enterprises, Inc. | $17,000 |
| Holthaus Builders, Inc. | $16,700 |
| Park Center Kennels | $16,300 |
| Cheryl S. Swenny | $15,900 |
| Beyers Chiropractic, PC | $15,300 |
| Matthew Berner | $15,100 |
| Daniel Rizzo Agency, Inc. | $15,000 |
| Goatley Logistics, Inc. | $14,800 |
| Carol and Company | $14,045 |
| Tess Enterprises, Ltd. | $14,000 |
| Synergy Fit, Inc. | $13,650 |
| Randy L. Smith | $13,280 |
| Eric Denton, Inc. | $13,200 |
| Hadley Concrete Construction Company | $13,000 |
| City of Roses, Aerie 4109 Fraternal Order of Eagles | $12,300 |
| Kathryn Kircher Insurance Agency | $12,000 |
| S & H Repair, LLC | $11,725 |
| Joseph Beyers | $11,000 |
| Shop Solutions, Inc. | $10,870 |
| Berner Farms, LLC | $10,795 |
| Arpeggio Winery | $10,700 |
| Outdoor Power Source, LLC | $10,600 |
| Pana Country Club | $10,085 |
| Pana Shell, Inc. | $10,000 |
| Mark Beyers | $9,500 |
| Gregory P. Holthaus | $9,400 |
| Luke E. Epley | $9,100 |
| Eric E Denton, LLC | $8,900 |
| Nikki R. Carls | $8,600 |
| First Church of the Nazarene | $8,402 |
| Henschen Tax Service, Inc. | $8,232 |
| Amanda Speer | $7,533 |
| Ohmes Grain Farms, Inc. | $7,500 |
| Pana Lodge #1015 Loyal Order of Moose | $7,400 |
| GLH, LLC | $7,036 |
| Ralph E. Jostes | $7,000 |
| John R. Turner | $6,900 |
| Keith A. Goatley | $6,785 |
| Osborn Grain Farms, Inc. | $6,500 |
| Sandra Crowe Daycare | $6,270 |
| Aamp AMT Learning Center, Inc. | $6,200 |
| Lake Lawn Refrigeration | $5,820 |
| Jeffrey D. Litton | $5,700 |
| Eleven 11 Boutique | $5,637 |
| Duduit Farms | $5,500 |
| Discount Liquor of Pana, Inc. | $5,500 |
| Stacy L. Spracklen | $5,150 |
| Goatley Trucking, Inc. | $5,000 |
| Deogracias Quizon | $4,900 |
| Ralph K. Mizeur | $4,887 |
| Mucks' Place, Inc. | $3,800 |
| Price-Spracklen Auction Group, LLC | $3,627 |
| Keith Ryan Trucking, LLC | $3,600 |
| Jeffrey S. Beyers | $3,600 |
| Alyssa Waddington | $3,500 |
| Michael Craig Berner | $3,200 |
| Christina Horsthemke | $3,100 |
| Mary Katlin Photography | $3,100 |
| Lake Lawn INN, Inc. | $3,070 |
| Pollman Construction | $2,900 |
| Dean Ridgway | $2,800 |
| Hair Razors | $2,600 |
| Pamela E. Rohrer | $2,500 |
| Frederick K. Rohrer | $2,300 |
| Michael A. Warner | $1,900 |
| Debra Laker | $1,900 |
| Kathleen Miller | $1,286 |
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