How many businesses in Illinois received a PPP loan of $25,000 or under?

By Prairie State Wire

Nov 2, 2022

There were 159,383 small businesses in Illinois which received Paycheck Protection Loans (PPP) of $25,000 or under. These 159,383 businesses received $2,102,754,947 in total since the COVID-19 pandemic began, according to the U.S. Small Business Administration

Loans of $25,000 were provided to 988 businesses.

The largest loan underneath the $25,000 threshold was $25,000, given to Caribana, Inc..

The average loan amount provided to Illinois small businesses was $58,552.

One of the biggest drivers causing inflation, which is currently decimating the U.S. economy, is loans. With more money available to residents through the PPP, the purchasing power of that money is diminished, meaning it takes more money to buy the same amount of goods as before.

Economist Mickey D. Levy argued the PPP and many other assistance programs offered during the COVID-19 pandemic sparked the inflation seen in recent months by boosting the economy beyond what it could reasonably handle.

Roughly $800 billion was injected into the U.S. economy while interest rates were low, causing people to overextend themselves at the time to land in trouble in the future, he claimed.

A 2022 study found that the PPP spent between $169,000 and $258,000 to protect one job. With the average salary of a small-business worker being around $58,000, the study found the program overspent by roughly 75 percent.

Top 100 Illinois Businesses Which Received PPP Loans $25,000 or Lower

Borrower Name	Loan Amount	Difference From Average Loan Amount in IL
Caribana, Inc.	$25,000	-$33,552
Caribana, Inc.	$25,000	-$33,552
My Roi Marketing Systems, Inc.	$25,000	-$33,552
Rosales Golden Tigers TKD, Inc.	$25,000	-$33,552
Regional Land Services, LLC	$25,000	-$33,552
Taemen Corporation	$25,000	-$33,552
Shipley Chiropractic, Ltd.	$25,000	-$33,552
Tanshay Enterprise, Inc.	$25,000	-$33,552
Union United Methodist Church	$25,000	-$33,552
Union United Methodist Church	$25,000	-$33,552
Floor Mart, Inc.	$25,000	-$33,552
We Are the Future Presidents	$25,000	-$33,552
Cylia Group, LLC	$25,000	-$33,552
Borter Z, Inc.	$25,000	-$33,552
St. Louis Steamers Soccer Organization, Inc.	$25,000	-$33,552
A Plus Building Construction Company	$25,000	-$33,552
Phsubs, Inc.	$25,000	-$33,552
Dilanya Fitness, LLC	$25,000	-$33,552
PBD Group, Inc.	$25,000	-$33,552
Grooming by Pam, Inc.	$25,000	-$33,552
Bam ZQ, LLC	$25,000	-$33,552
Mr. D's Driving School, Inc.	$25,000	-$33,552
Impact Media, Inc.	$25,000	-$33,552
Finding Balance, Ltd.	$25,000	-$33,552
Consulting LLC GP	$25,000	-$33,552
Consulting LLC GP	$25,000	-$33,552
KB Consulting Services, Inc.	$25,000	-$33,552
Project Compassion NFP	$25,000	-$33,552
First Advantage MBS, LLC	$25,000	-$33,552
Glenbrook Cleaners	$25,000	-$33,552
Quick Job, Inc.	$25,000	-$33,552
Center for Integrative Medicine	$25,000	-$33,552
Palmer Tire and Auto Service Center	$25,000	-$33,552
Diza Hospitality Group Atrium Subs, LLC	$25,000	-$33,552
Exdents Auto Body	$25,000	-$33,552
Otto James Tor Ltd., D.D.S.	$25,000	-$33,552
Pic3, LLC	$25,000	-$33,552
Chawla Group Cpas, LLC	$25,000	-$33,552
3rd Eye Consulting, Inc.	$25,000	-$33,552
Nicholas R. Recchia, Attorney at Law	$25,000	-$33,552
Linda Anderson	$25,000	-$33,552
Zarah Nail Spa, Ltd.	$25,000	-$33,552
First Marshall Auto Sale, LLC	$25,000	-$33,552
Bob Anderson Construction, Inc.	$25,000	-$33,552
Chai Thai Restaurant	$25,000	-$33,552
Big 6 Entertainment, LLC	$25,000	-$33,552
Mak Leasing, Inc.	$25,000	-$33,552
Y Massage, Inc.	$25,000	-$33,552
Ultimate Dental Partners, LLC	$25,000	-$33,552
Sam Daliri Limited Liability Company, D.M.D.	$25,000	-$33,552
Melrose Dental Center Service, P.C.	$25,000	-$33,552
Melrose Dental Center Service, P.C.	$25,000	-$33,552
Swag City Promo Incorporated	$25,000	-$33,552
AJ07, Inc.	$25,000	-$33,552
Mendoza Associates, Ltd.	$25,000	-$33,552
Easy It Support, LLC	$25,000	-$33,552
Triple Jo Transport, LLC	$25,000	-$33,552
Chai Thai Restaurant	$25,000	-$33,552
Treasure Service, Inc.	$25,000	-$33,552
EHB 113, Inc.	$25,000	-$33,552
Coy Mullenix, Inc.	$25,000	-$33,552
Justin Stewart	$25,000	-$33,552
Diwan Jubilee, Inc.	$25,000	-$33,552
Your New Home, LLC	$25,000	-$33,552
Your New Home, LLC	$25,000	-$33,552
Saeed & Sons, Inc.	$25,000	-$33,552
Herzar, LLC	$25,000	-$33,552
Chimniak Court Reporting & Video, Inc.	$25,000	-$33,552
Nadia N Enterprise, Inc.	$25,000	-$33,552
Nwdimensions, Inc.	$25,000	-$33,552
Doerfler Insurance Agency, Inc.	$25,000	-$33,552
Christ Evangelical Lutheran Church	$25,000	-$33,552
Christ Evangelical Lutheran Church	$25,000	-$33,552
Christ Evangelical Lutheran Church	$25,000	-$33,552
Christ Evangelical Lutheran Church	$25,000	-$33,552
Christ Evangelical Lutheran Church	$25,000	-$33,552
Higgins Construction, Inc.	$25,000	-$33,552
M & M Motel, Inc.	$25,000	-$33,552
M & M Motel, Inc.	$25,000	-$33,552
Tobacco and Gifts, Inc.	$25,000	-$33,552
Gas Capital, Inc.	$25,000	-$33,552
Crystal Flower Shop, Inc.	$25,000	-$33,552
Twinn Kickzz	$25,000	-$33,552
Financial Works, Inc.	$25,000	-$33,552
Triple Net Management, Inc.	$25,000	-$33,552
Speedy Technician Boarding, LLC	$25,000	-$33,552
O2 Fitness and Nutrition, LLC	$25,000	-$33,552
Roosevelt Tax & Accounting, Inc.	$25,000	-$33,552
Rama Tours, Inc.	$25,000	-$33,552
Vichy Salon, Inc.	$25,000	-$33,552
Life Enhancement Healthcare Institute, Inc.	$25,000	-$33,552
Durva Software, Inc.	$25,000	-$33,552
Linas Sidrys, M.D.	$25,000	-$33,552
Lashtech, Inc.	$25,000	-$33,552
Yota Shipping, CORP	$25,000	-$33,552
Diversity Connected	$25,000	-$33,552
ANT Transit, Inc.	$25,000	-$33,552
Aircor Air Conditioning and Heating, Inc.	$25,000	-$33,552
B. A. D. A. C. For Barbara Ann Doherty, Inc.	$25,000	-$33,552
Vahb, LLC	$25,000	-$33,552