Frankfort Businesses Get Millions In Small Business Loans

Frankfort IL

08 July, 2020

2:46 PM

Description

FRANKFORT, IL — The U.S. Small Business Administration released a list of businesses — including many in Frankfort — approved for federal payroll protection loans under the Paycheck Protection Program. This disclosure covers each of the 4.9 million PPP loans that have been made since April, according to a press release. The program was set up to assist businesses in moving forward during the coronavirus pandemic. "The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country," Treasury Secretary Steven T. Mnuchin said in the release. The average loan size is approximately $100,000, according to Mnuchin, "demonstrating that the program is serving the smallest of businesses." Don't miss updates about Illinois' response to COVID-19 — Sign up for Patch news alerts and newsletters. The release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges. One Frankfort business received a loan in the $2 million to $5 million loan range, followed by seven businesses which received a loan in the $1 million to $2 million range. Below is a list of Frankfort businesses that received at least $350,000 in loans. The complete list of all loans received by local businesses can be found here. FRANKFORT BUSINESSES RECEIVING $5 MILLION-$10 MILLION LOAN RANGE None listedFRANKFORT BUSINESSES RECEIVING $2 MILLION-$5 MILLION LOAN RANGE KIPCO Restaurants LLC, 11858 Flagstone Turn — 500 jobs retainedFRANKFORT BUSINESSES RECEIVING $1 MILLION-$2 MILLION LOAN RANGE Aspen Inc., 9645 Lincolnway Lane — no data availableCurrie Motors Frankfort, Inc., 9423 W. Lincoln Highway — 65 jobs retainedIron Galaxy Studios LLC, 22662 Maddeline Lane — 81 jobs retainedParatech, Incorporated, 1025 Lambrecht Drive — 80 jobs retainedPhillips Chevrolet, Inc., 9700 Lincoln Highway — no data availablePhoenix Fire Systems, Inc., 744 W. Nebraska St. — 48 jobs retainedU.S. Intermodal, Inc., 20635 Abbey Woods Court N #201 — 172 jobs retainedFRANKFORT BUSINESSES RECEIVING $350,000-$1 MILLION LOAN RANGE All Sealants Inc., 9445 Corsair Road — 25 jobs retainedArchitectural Grilles and Sunshades, Inc., 22442 S. Fey Drive — 28 jobs retainedArctic Snow and Ice Control, Inc., 22763 S. Center Road — 316 jobs retainedAuto Accessories Garage LLC, 28 W. Nebraska St. — 38 jobs retainedCACBA Community Affairs & Crisis Benevolent Association, 21201 S. Elsner Road #1421 — 10 jobs retainedCommercial Construction, Inc., 7048 Steger Road — 24 jobs retainedCraig Bachman Imports Inc., 281 Ontario St. — 67 jobs retainedDekayo Corporation, 9308 Gulfstream Road — 23 jobs retainedDemarco Sciaccotta Wilkens Dunleavy, LLP, 1645 Lincolnway Lane, Suit 214A — 27 jobs retainedDW Enterprises, LLC, 22955 Folkestone Way — 135 jobs retainedE-Quip Manufacturing Co., Inc., 230 Industry Ave. — 26 jobs retainedEducators Advancement Group, Inc., 20624 Abbey Woods Court N — 77 jobs retainedExcel Electric, Inc., 24 W. Sangmeister Road — 26 jobs retainedGeocon Professional Services, LLC, 10045 W. Lincoln Highway — 31 jobs retainedGnade Insurance Group Inc., 219 N. White St. — 22 jobs retainedGNC Consulting, Inc., 21195 S. La Grange Road — 26 jobs retainedGoldy Locks, Inc., 93010 Corsair Road — 27 jobs retainedHamilton Construction, Inc., 21200 LA Road S — 12 jobs retainedHedges Clinic, S.C., 222 Colorado Ave. — 49 jobs retainedHickory Creek Nursery, Inc., 20601 S. La Grange Road — 58 jobs retainedKing HVAC Systems, LLC, 101 Ontario St. — 48 jobs retainedKore Sae, LLC, 8771 W. Laraway Road — 47 jobs retainedLott #1, Inc.,10269 W. Lincoln Highway — 210 jobs retainedMelrose Pyrotechnics, Inc., 105 Ash St. — 28 jobs retainedNES, Inc., 195 Industry Ave. — 67 jobs retainedPerformance Mechanical Contractors, Inc., 9228 Corsair Road — 25 jobs retainedPro Met Steel, Inc., 20550 S. La Grange Road, Suite 300 — 60 jobs retainedQuantum Technical Services, Inc., 8524 Gulfstream Road — 36 jobs retainedRidgeworth Roofing Company, Inc., 121 Ontario St. — no data availableSouthwest Fireplace Supply, Inc., 9485 W. Laraway Road — 10 jobs retainedSite Transport, Inc., 210 Industry Ave. — 42 jobs retainedSteve Spiess Construction, Inc., 10284 Vans Drive — 16 jobs retainedTherafin Corporation, 9450 W. Laraway Road — 36 jobs retainedUnlimited Masonry & Construction Inc., 9426 Corsair Road — 18 jobs retainedVilutis and Co., Inc., 22535 S. Center Road — 40 jobs retainedWarfield Electric Company, Inc., 175 Industry Ave. — 71 jobs retained