Thursday, March 18, 2021

Federal PPP loans


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

    FRANKLIN DISPLAY GROUP, INC.

    Location

    BELVIDERE, IL

    Business Type

    Corporation

    Loan Amount

    $1,258,200

    Date Approved

    April 11, 2020

  • Recipient

    HERITAGE CARPENTRY INC

    Location

    Belvidere, IL

    Business Type

    Subchapter S Corporation

    Loan Amount

    $1,225,000

    Date Approved

    Feb. 11, 2021

  • Recipient

    RENAISSANCE ROOFING INC

    Location

    BELVIDERE, IL

    Business Type

    Corporation

    Loan Amount

    $1,142,900

    Date Approved

    April 5, 2020

  • Recipient

    YOUNGBERG INDUSTRIES, INC.

    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

    HERITAGE CARPENTRY, INC.

    Location

    BELVIDERE, IL

    Business Type

    Subchapter S Corporation

    Loan Amount

    $821,000

    Date Approved

    April 8, 2020

  • Recipient

    BELVEDERE USA, LLC

    Location

    BELVIDERE, IL

    Business Type

    Limited Liability Company(LLC)

    Loan Amount

    $607,500

    Date Approved

    April 11, 2020

  • Recipient

    SYMPHONY NORTHWOODS, LLC

    Location

    BELVIDERE, IL

    Business Type

    Limited Liability Company(LLC)

    Loan Amount

    $591,082

    Date Approved

    June 23, 2020

  • Recipient

    MANLEY'S BELVIDERE FORD, INC.

    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

    PROTEX INSTALLATIONS INC.

    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

    GALLANO TRUCKING, INC

    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

    BELVIDERE FIESTA MARKET INC.

    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

    CMN EXPRESS

    Location

    BELVIDERE, IL

    Business Type

    Subchapter S Corporation

    Loan Amount

    $377,500

    Date Approved

    April 28, 2020

  • Recipient

    BELROCK ASPHALT PAVING, INC.

    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

    ASHBURTON GROVE LLC

    Location

    BELVIDERE, IL

    Business Type

    Limited Liability Company(LLC)

    Loan Amount

    $316,442

    Date Approved

    April 13, 2020

  • Recipient

    CAI CUSTOM ALLOYS INC.

    Location

    Belvidere, IL

    Business Type

    Corporation

    Loan Amount

    $311,605

    Date Approved

    Jan. 21, 2021

  • Recipient

    CAI CUSTOM ALLOYS INC.

    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

    MEYER'S KENNEL, INC.

    Location

    Belvidere, IL

    Business Type

    Corporation

    Loan Amount

    $264,806

    Date Approved

    Jan. 16, 2021

  • Recipient

    MEYER'S KENNEL, INC.

    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

    CES INC.

    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

    MACHINERY SOURCE, LLC

    Location

    Belvidere, IL

    Business Type

    Limited Liability Company(LLC)

    Loan Amount

    $227,500

    Date Approved

    Jan. 16, 2021

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