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 60203
| Name of Borrower | Current Approved Amount |
|---|---|
| Macnell Accounting & Consulting, LLP | $292,950 |
| The Academy at St. Joan of ARC | $242,400 |
| Little Inspirations, Inc. | $160,168 |
| St. Joan of ARC Catholic Church/the Catholic Bishop of Chica | $116,977 |
| Covenant Nursery School | $104,795 |
| Balanced Development, LLC | $95,860 |
| KMJ Automotive, Inc. | $82,362 |
| Kaleidoscope Dance & Movement Center, Inc. | $70,500 |
| Trinity Lutheran Church of Evanston and Skokie, Illinois | $68,393 |
| Germann Instruments, Inc. | $54,992 |
| Alchetec, Inc. | $52,855 |
| Pachis and Associates | $47,800 |
| Fitness Zone, Inc. | $34,820 |
| Mahfooz Enterprise, Inc. | $32,100 |
| Anna Nalls CPA, PC | $26,822 |
| Doubletake Promotional Marketing, Inc. | $26,670 |
| MKRK, Inc. | $23,975 |
| Paper Star Entertainment, LLC | $23,125 |
| Winning Edge Properties, LLC | $22,017 |
| Hunan Star Carryout Reset, Inc. | $21,618 |
| Alfred Rubin Kosher Caterers, Inc. | $20,938 |
| Hastings Painting & Decorating Company | $20,932 |
| Colin O. Hebson | $20,833 |
| Corrie, LLC | $20,833 |
| JG Development, Inc. | $20,833 |
| Rstoring Community of Illinois, LLC | $20,833 |
| Alejandra Belanger | $20,833 |
| Joseph Gluck | $20,832 |
| Fred O'Connor | $20,800 |
| Richmond Insurance Group, LLC | $20,800 |
| Bjoern Otto Hjalmar Gylling | $20,725 |
| Eugene's | $20,302 |
| Dipak C Jain, Inc. | $19,707 |
| James Prendergast | $19,471 |
| ART of Health, Inc. | $16,665 |
| Restoring Community of Illinois, LLC | $16,614 |
| Tiger Martial ARTS, Inc. | $15,592 |
| Aegis Pest Management, Inc. | $15,242 |
| Maz Realty, Inc. | $14,347 |
| Larson Builders, Inc. | $14,015 |
| Authentic Noise, LLC | $13,885 |
| David Van De Walle | $13,442 |
| Arez Lighting, LLC | $13,175 |
| Kaul Sales Partners, Inc. | $13,135 |
| Melissa Denys Interiors, LLC | $12,770 |
| Coralie on Jackson, LLC | $10,750 |
| Lakeview Accounting Professionals, Inc. | $10,500 |
| Karter Consulting, Inc. | $10,500 |
| Christopher J. Womack, S. C., M.D. | $8,900 |
| Camisha Riley | $8,608 |
| Sutton Studios, Inc. | $8,318 |
| Muno Contracting, Inc. | $7,690 |
| Chicago Video, Inc. | $6,250 |
| 4D Transportation, Inc. | $5,955 |
| Zia Chaudhary | $5,618 |
| Sarah Ghantous | $5,174 |
| Paria Home Search, Inc. | $5,000 |
| MW Research, Inc. | $5,000 |
| Zeeshan Baig | $4,036 |
| DR Tari Mack, Inc. | $3,645 |
| Gidiva, Inc. | $3,155 |
| Brainlinks Academics, Inc. | $2,082 |
| Milica Andelkovic | $1,742 |
| Frederick Simmons | $1,125 |
| Muhammad Baig | $1,000 |
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