The mortgage recipients vary from Encore House Options, an East Dundee garage remodeler which obtained a $149,999 loan in April, to a dozen recipients who obtained $one hundred or much less, in accordance with the SBA information. There were 36 companies in Illinois that received the maximum $10 million, including the publicly traded Chicago-based restaurant chain Potbelly, which returned its first $10 million mortgage in April underneath public strain, but then reapplied in August as demand and scrutiny waned.
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JPMorgan Chase was the most important PPP lender by loan value, issuing more than 280,000 loans worth greater than $32 billion, the financial institution stated. In November, a Washington federal judge ordered the SBA to publish detailed info for all borrowers â€” including … Read More