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 61880
| Name of Borrower | Current Approved Amount |
|---|---|
| LMJ Transporation, Inc. | $327,000 |
| Woodworth and Sons | $272,487 |
| Wick Concrete, Inc. | $187,900 |
| Amnet Systems, LLC | $164,500 |
| K. C. Garrett, LLC | $140,900 |
| Arbor Rose Management of Tolono, LLC | $101,851 |
| Koeberlein Drainage, LLC | $93,700 |
| Shade Solutions, Inc. | $76,009 |
| Prairie Restorations, Inc. | $70,100 |
| Tolono Pizza Enterprises, Inc. | $63,500 |
| Paul Painting & Decorating, Inc. | $39,600 |
| Precision Engineering Group, Inc. | $36,853 |
| F. Scott Reifsteck Farm | $26,600 |
| St. Patrick's Roman Catholic Cong | $26,400 |
| Wishall Farms & Transportation, Inc. | $24,000 |
| Jerry Heinz | $22,197 |
| Phillip Kleiss | $20,833 |
| Donald Koeberlein | $20,833 |
| Steven W. Westfall | $20,833 |
| Mark Meharry | $20,832 |
| Thomas Cain | $20,830 |
| Gerald Christian | $20,830 |
| Tws Seed | $20,800 |
| Buening Brothers | $18,700 |
| Robert F. Zebe | $17,212 |
| Eagle Head Enterprises | $16,765 |
| Michael Bergmeier | $16,325 |
| Wishall Farms, Inc. | $16,300 |
| Shields Outdoor Services, LLC | $16,020 |
| Tiffany C. Freese | $8,400 |
| Little Blonde Barn, LLC | $8,100 |
| Lu & Denny's, Inc. | $8,100 |
| Christine B. Cook | $7,400 |
| Lorrie Eckstein | $7,100 |
| Ted R. Meharry Farm | $5,800 |
| Sean A. Voyles | $5,777 |
| Stephen Fisher | $5,280 |
| Traxside Pub & Sports Lounge | $5,100 |
| Brian Meharry | $4,790 |
| Jack's Tavern, Inc. | $2,800 |
| Alec Reifsteck Farm | $2,100 |
| Angel Tolono, Inc. | $2,000 |
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