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 62618
| Name of Borrower | Current Approved Amount |
|---|---|
| Cass County Mental Health | $501,545 |
| Logsdon Tug Service, Inc. | $368,700 |
| Jennings Beardstown, Inc. | $272,000 |
| Beardstown E&M Corporation | $235,710 |
| Russtech Engineering, Inc. | $226,030 |
| Beardstown Truck Wash, LLC | $198,935 |
| Illinois Forest Products, Company | $186,642 |
| A. C. Jones Trucking, Inc. | $140,503 |
| D&D Enterprises of Illinois | $111,700 |
| Myers & Myers Cpas, Ltd. | $111,087 |
| First Christian Church of Beardstown | $87,158 |
| Trust-Aquatic Protein, LLC | $86,925 |
| Mcclure Thomas & Thomas | $73,532 |
| Flowers Collision Center, LLC | $68,388 |
| M and D Pharmacy, LLC | $68,112 |
| Trone Appliance Center, Ltd. | $61,461 |
| Steve Knipmeyer Chevrolet, Inc. | $60,413 |
| Osmer Enterprises | $59,562 |
| 1 B. A. B. E. Trucking, LLC | $59,171 |
| Kuhlmann and Kuhlmann | $51,281 |
| E and L Siding and Remodeling, Inc. | $50,000 |
| Turner Farms | $50,000 |
| S. D. M. Carls, Inc. | $48,800 |
| Desollar & Wessler Bros. Agency | $43,042 |
| Gary's Collision Center, LLC | $41,400 |
| Benny's Pizza of Beardstown, Inc. | $40,820 |
| H & D Farm and Home, Inc. | $40,146 |
| DM Nordsiek Farms, Inc. | $36,625 |
| Bpoe #1007 | $32,200 |
| A&J Stock Farms, LLC | $30,999 |
| Fertile Valley Farms | $30,832 |
| Kirk Rawlins Concrete Construction, Inc. | $30,370 |
| Andrew's Mart, Inc. | $29,745 |
| Jonathan E. Stock | $29,044 |
| Sally's 4th Street Bistro, Inc. | $26,571 |
| Stanley D. Hoffman | $26,446 |
| Broseph, LLC | $26,233 |
| Hobrock Farms, Inc. | $25,300 |
| St. John's Lutheran Church | $25,100 |
| Esther Management Company | $25,072 |
| Miguel A. Basaldua-Pichardo | $20,833 |
| Investment Center | $20,833 |
| Bob Masten Insurance Agency, Inc. | $19,800 |
| Jay and Jack, Inc. | $19,563 |
| TRI County Plumbing & Heating | $18,816 |
| Herter's Sales and Service, LLC | $17,500 |
| Dawson and Sons, LLC | $16,375 |
| Riverside Monument Company | $16,310 |
| 88 Bar & Grille, LLC | $15,360 |
| KDK Trucking | $15,102 |
| Mcgovern & Sons, LLC | $14,979 |
| Gerald Rohn | $14,737 |
| Kirk Strubbe | $14,700 |
| N. Korsmeyer Farms, Inc. | $13,957 |
| Tysons Diner, Inc. | $13,763 |
| NSN Sai Corporation | $13,400 |
| O'Hara Auto Glass, Inc. | $13,000 |
| Kenneth Shelby | $13,000 |
| Hardwick Bros. Farms | $12,953 |
| Jones Crane, Inc. | $12,500 |
| Douglas J. Carlton, Inc. | $12,234 |
| 21ST Century Leasing of Illinois | $11,799 |
| Michael J. Desollar | $11,058 |
| Jay&kayna, LLC | $10,600 |
| Riverside Agency | $10,500 |
| Tim's Star Cafe Corporation | $10,221 |
| Robert Campbell | $10,019 |
| Patrick Cagle | $8,537 |
| Kitchen and Floor Shoppe, LLC | $7,997 |
| 4 All Seasons Flowers and Gifts | $7,971 |
| Premier Property Management | $7,728 |
| Colwell Memorial Home | $7,693 |
| C&H Builders, Inc. | $7,635 |
| Main Street Tap | $7,236 |
| Brannan J. | $6,875 |
| China King 168, Inc. | $6,625 |
| Bellville's, LLC | $6,067 |
| Cynthia Reither | $5,478 |
| Brenton Dorsey | $5,428 |
| James M. Hatfield | $4,242 |
| Stephen Schroll V | $3,953 |
| Tierney L. Booth-Swan | $3,736 |
| Buffy Tillitt & Associates | $3,550 |
| Nathan Carls | $3,408 |
| The 220 | $3,345 |
| Cristi's | $3,164 |
| Beardstown Main Street | $3,125 |
| Beardstown Chamber of Commerce | $3,000 |
| Tanner Howell | $2,958 |
| Gabe F. Seward | $1,913 |
| Kelly Warden | $1,044 |
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