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News BusinessThe loan recipients range from Encore House Solutions, an East Dundee storage remodeler which obtained a $149,999 loan in April, to a dozen recipients who acquired $100 or much less, in line with the SBA knowledge. There have been 36 businesses in Illinois that obtained the utmost $10 million, including the publicly traded Chicago-based mostly restaurant chain Potbelly, which returned its first $10 million loan in April under public stress, but then reapplied in August as demand and scrutiny waned.

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Nearly 4,000 businesses in Illinois acquired loans of $1 million or extra, including as much as about $eight.sixty seven billion, or about 37% of the overall. Which means about 7% of PPP loans have been forgiven. The Justice Department has charged 88 folks for alleged PPP mortgage fraud totaling extra $250 … Read More