Buffalo Grove Businesses Receive Millions In Small Business Loans

BUFFALO GROVE, IL — The U.S. Small Business Administration released a list of businesses — including many in Buffalo Grove — approved for federal payroll protection loans under the Paycheck Protection Program. This disclosure covers each of the 4.9 million PPP loans that have been made since April, according to a press release. The program was set up to assist businesses in moving forward during the coronavirus pandemic.

"The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country," Treasure Secretary Steven T. Mnuchin said in the release.

The average loan size is approximately $100,000, according to Mnuchin, "demonstrating that the program is serving the smallest of businesses."

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The release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges. Some Buffalo Grove businesses began receiving loans as early as April 4.

After initially refusing to disclose the recipients of the federal relief, the agencies relented following lawsuits from media organizations and provided the names of all businesses that borrowed more than $150,000, accounting for about three quarters of the money distributed.

Below is a list of Buffalo Grove businesses that received at least $1 million in loans. The complete list of all loans received by local businesses can be found here.

BUFFALO GROVE BUSINESSES RECEIVING $5-10 MILLION LOAN RANGE

• Ceannate Corp — 234 jobs retained

BUFFALO GROVE BUSINESSES RECEIVING $2-5 MILLION LOAN RANGE

• ACP Creativit — 199 jobs retained
• Arxium Incorporated — No data
• Bourbon Tile & Marble, Inc. — 100 jobs retained
• Crosscom National LLC — 249 jobs retained
• Global Material Technologies, Inc. — 185 jobs retained
• International Services, Inc. — 247 jobs retained
• Kopka Pinkus Dolin & Eads PC — 262 jobs retained
• Produce Alliance, LLC — 131 jobs retained
• Surgical Referral Service, LTD — 259 jobs retained
• Therm Flo, Inc. — No data

BUFFALO GROVE BUSINESSES RECEIVING $1-2 MILLION LOAN RANGE

• Banner Plumbing Supply Company, LLC — 86 jobs retained
• Belmont Trading Co Inc. — 170 jobs retained
• Buffalo Group LLC — 91 jobs retained
• Burgess Computer Decisions Inc — 79 jobs retained
• Helpsource of North Shore Inc — 480 jobs retained
• Illinois Masonry Corporation — 9 jobs retained
• Indeck Energy Services, Inc. — 79 jobs retained
• Indeck O&M LLC — 52 jobs retained
• LAB Development, LLC — 124 jobs retained
• MNJ Technologies Direct, Inc — 110 jobs retained
• Native Foods Acquisition, LLC — No data
• New Age Elder Care Inc — 498 jobs retained
• Primehealth Group, LLC — 86 jobs retained
• Schultes Precision MGF Inc — No data
• SMS-NA, LLC — 112 jobs retained
• Symphony Buffalo Grove LLC — 189 jobs retained
• Wes-Tech Automation Solutions, LLC — 56 jobs retained

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