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These are the top 100 largest PPP loans provided in 2020 to small businesses in ZIP Code 60137, according to the US Small Business Administration. ....
Midwest Snow Technicians, Inc. received a Paycheck Protection Program loan for between $150,000 and $350,000 on April 27, according to the US Treasury Department. There were 7,380 PPP loans issued in Illinois during the week ending May 3 and the average loan amount was between $150,000 and $350,000. There are approximately five million approved PPP loans with a total of $517,451,965,102 set aside for funding, according to the Small Business Administration. The average loan size was around $105,000 with over 5,000 lenders currently participating in the program. The program was slow to get off the ground when it was crushed by an onslaught of would-be applicants. Another major criticism of the program pertained to who was receiving the loans. A program that was meant for small businesses witnessed the Los Angeles Lakers receive $4.6 million from the program. The Lakers qualified for the program under the rules as written but returned the funds according to a Laker’s st ....