Paycheck Protection Program
An SBA-backed loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
SBA is currently offering PPPloans until March 31, 2021. President Biden announced program changes to make access to PPP loans more equitable.
GO To: https://projects.propublica.org/coronavirus/bailouts/search?q=61008 and find the names of firms in our area which have received these loans
Here are some of the largest borrowers in Belvidere:
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$1,258,200
Date Approved
April 11, 2020
Recipient
Location
Belvidere, IL
Business Type
Subchapter S Corporation
Loan Amount
$1,225,000
Date Approved
Feb. 11, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$1,142,900
Date Approved
April 5, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$1,139,200
Date Approved
April 11, 2020
Recipient
KOBU MONROE %26 ASSOCIATES LLC
Location
Belvidere, IL
Business Type
Limited Liability Company(LLC)
Loan Amount
$914,795
Date Approved
April 10, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$821,000
Date Approved
April 8, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Limited Liability Company(LLC)
Loan Amount
$607,500
Date Approved
April 11, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Limited Liability Company(LLC)
Loan Amount
$591,082
Date Approved
June 23, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$566,505
Date Approved
April 10, 2020
Recipient
MANLEY'S BELVIDERE FORD-LINCOLN INC.
Location
Belvidere, IL
Business Type
Subchapter S Corporation
Loan Amount
$566,505
Date Approved
Jan. 20, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$564,000
Date Approved
April 15, 2020
Recipient
JACK WOLF CHRYSLER JEEP DODGE, INC
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$511,000
Date Approved
April 9, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$419,090
Date Approved
April 9, 2020
Recipient
CORRUGATED METALS, INCORPORATED
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$389,300
Date Approved
April 11, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$381,900
Date Approved
April 6, 2020
Recipient
JACK WOLF CADILLAC-GMC TRUCK, INC.
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$381,037
Date Approved
April 13, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$377,500
Date Approved
April 28, 2020
Recipient
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$358,900
Date Approved
April 13, 2020
Recipient
OLLMAN ASSOCIATES ARCHITECS, P.C.
Location
BELVIDERE, IL
Business Type
Professional Association
Loan Amount
$346,945
Date Approved
April 5, 2020
Recipient
OLLMANN ASSOCIATES ARCHITECTS P.C.
Location
Belvidere, IL
Business Type
Professional Association
Loan Amount
$343,970
Date Approved
Jan. 19, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Limited Liability Company(LLC)
Loan Amount
$316,442
Date Approved
April 13, 2020
Recipient
Location
Belvidere, IL
Business Type
Corporation
Loan Amount
$311,605
Date Approved
Jan. 21, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$310,100
Date Approved
April 4, 2020
Recipient
GENERAL FIRE SPRINKLER CO. INC.
Location
BELVIDERE, IL
Business Type
Subchapter S Corporation
Loan Amount
$270,000
Date Approved
April 15, 2020
Recipient
Location
Belvidere, IL
Business Type
Corporation
Loan Amount
$264,806
Date Approved
Jan. 16, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$264,800
Date Approved
April 6, 2020
Recipient
NORTHERN PRECISION PLASTIC INC.
Location
Belvidere, IL
Business Type
Subchapter S Corporation
Loan Amount
$248,569
Date Approved
Jan. 26, 2021
Recipient
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$248,300
Date Approved
April 12, 2020
Recipient
MORGAN BUILDING MAINTENANCE INC
Location
BELVIDERE, IL
Business Type
Corporation
Loan Amount
$237,702
Date Approved
April 8, 2020
Recipient
Location
Belvidere, IL
Business Type
Limited Liability Company(LLC)
Loan Amount
$227,500
Date Approved
Jan. 16, 2021
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