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 62640
| Name of Borrower | Current Approved Amount |
|---|---|
| R&R Bindery Service, Inc. | $1,012,600 |
| MRM Enterprises, Inc. | $271,000 |
| Funeral Register Books, Inc. | $120,000 |
| Central Subsurface Contracting of Illinois, Inc. | $108,907 |
| Kruse Enterprises | $100,712 |
| Grainland Construction, Inc. | $90,000 |
| Drake Scraper Service, Inc. | $86,144 |
| Burgess & Son, Inc. | $72,294 |
| Redbird Enterprises, LLC | $56,200 |
| Hagan Enterprises, Inc. | $54,000 |
| Can Am Professional Landscaping, LLC | $43,451 |
| C S C Motor Company | $37,913 |
| Michael Kirk | $27,500 |
| Greg Prose Drainage, LLC | $27,047 |
| Pleasant Dale Place, LLC | $25,100 |
| Mike L. Neff | $23,212 |
| Nimmo Brothers Welding Services, Inc. | $21,125 |
| John P. Brown | $20,833 |
| Pat McLean | $20,832 |
| Jerry Walden | $20,832 |
| Whirl A. Whip | $20,355 |
| Trojcak Farms, Ltd. | $16,878 |
| Gary L. Allen | $16,065 |
| NH3D, LLC | $15,844 |
| Farley R. Cole | $15,802 |
| Robert A. Prose | $15,625 |
| Shane Dowell | $14,743 |
| Michael Sullivan | $14,235 |
| J&K Exterior Finishing, Inc. | $11,608 |
| Cowden's Autobody, Inc. | $11,250 |
| Farms D.K. | $9,060 |
| Jennie Nichelson | $8,962 |
| SHB Construction, Inc. | $8,202 |
| Carol J. Brand | $7,600 |
| Travis C. Rovey | $7,445 |
| Mcelfresh Custom Carpentry, Inc. | $6,640 |
| Kingery's Construction and Roofing, Inc. | $6,518 |
| William J. Snyder, Inc. | $6,512 |
| Walker Painting, LLC | $6,247 |
| Allen Sutton | $6,236 |
| Illinois Prosecutor Services, LLC | $5,900 |
| James P. Cherry | $5,607 |
| Geek Magnet, Inc. | $4,200 |
| Lynn Walden | $3,608 |
| Krystal Garst | $3,197 |
| Wendi K. Rensing | $2,680 |
| Paula Bouldin | $2,617 |
| Brown's Property & Preservation | $2,307 |
| St. Patrick Parish of Girard IL | $1,765 |
| Style Studio by Nina Vanbuskirk | $1,737 |
| David Walden | $1,712 |
| Debbie's Underground Hair | $688 |
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