The mortgage recipients range from Encore Space Options, an East Dundee garage remodeler which obtained a $149,999 mortgage in April, to a dozen recipients who obtained $100 or less, in response to the SBA knowledge. There were 36 businesses in Illinois that obtained the maximum $10 million, together with the publicly traded Chicago-primarily based restaurant chain Potbelly, which returned its first $10 million loan in April below public pressure, but then reapplied in August as demand and scrutiny waned.
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The new record consists of the names and addresses of nearly 194,000 Illinois small companies, sole proprietorships and nonprofits that obtained PPP loans of lower than $one hundred fifty,000. Multiple-third of the proceeds Illinois businesses and nonprofits obtained through the federal Paycheck Protection Program went to less than 2% of the state’s borrowers, in … Read More
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The loan recipients range from Encore Space Solutions, an East Dundee garage remodeler which obtained a $149,999 loan in April, to a dozen recipients who received $100 or much less, based on the SBA knowledge. There have been 36 companies in Illinois that obtained the utmost $10 million, together with the publicly traded Chicago-based restaurant chain Potbelly, which returned its first $10 million loan in April underneath public pressure, however then reapplied in August as demand and scrutiny waned.
The brand new list consists of the names and addresses of almost 194,000 Illinois small businesses, sole proprietorships and nonprofits that acquired PPP loans of lower than $150,000. More than one-third of the proceeds Illinois companies and nonprofits received via the federal Paycheck Protection Program went to lower than 2% of the state’s debtors, based on information launched late Tuesday by the Small Enterprise Administration.
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