Impact of Paycheck Protection Program

Impact of Paycheck Protection Program

The data on the utilization of the popular Paycheck Protection Program (PPP) was released earlier this week by the Small Business Administration (SBA). Two sets were made of the data: Loans under $150,000 and loans over $150,000. For the smaller loans, information like zip code and industry type were list among the actual loan amount.

Buckets (i.e. $1-5 million) were assigned to the larger loans along with zip code and industry data. Both showed “jobs retained” for each loan. In Greater Peoria, nearly every zip code had at least one business get a loan under $150,000. That loan totaled $150,103,423.35 amounting to 4,799 loans. These loans helped to retain 23, 055 jobs.

For loans over $150,000, exact dollar amounts couldn’t be calculated as the data wasn’t provided. However, the data showed 728 loans in the region. These regions combined to help retain 41,802 jobs. As these are larger employers, the loans are not all for Greater Peoria.

Senior writer at the Chicago Morning Star

Related Posts
Peoria County Case Number 21-1504: W Gilbert Ave Shooting Victim
On Sunday, June 6, 2021, at approximately 1:06 a.m., Peoria Police responded to the 2800
Reminder: Real Estate Taxes Due June 8
Peoria County Treasurer Nicole Bjerke would like to remind Peoria County taxpayers that the first
Peoria County Case Number 21-0787: Shooting Victim
On Monday, March 22, 2021, at approximately 4:39 p.m., the Peoria Police Department responded to
Local Organizations Trying to Tackle Civic Challenges
The Peoria Area Chamber of Commerce, Peoria Innovation Alliance, Distillery Labs, and the Greater Peoria
Election Commission Changes
The Peoria County Board of Election Commissioners (PCBEC) was formed in 2015 as a result
Motorcycle and Car Collide
Around 9:38 p.m., on Sunday, July 5, 2020, the Peoria Police Department, Advanced Medical Transport,
13 Street Gang Members Sentenced
13 members of the Peoria street gang known as “Bomb Squad” have been sentenced. The
Prison Imprisonment for Peoria Street Gang Member
Eugene Haywood has been sentenced to life in prison plus 10 years in federal prison.
Peoria County Board has new Member
Betty Duncan will be appointed Peoria County Board Member for District 3. Her appointment will
Peoria County Clerk seeks approval for her proposal of waiving Marriage/Civil Union License fee
Rachael Parker, the Peoria County Clerk, sent a proposal to the Peoria County Board related