Frankfort Businesses Get Millions In Small Business Loans

FRANKFORT, IL — The U.S. Small Business Administration released a list of businesses — including many in Frankfort — 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," Treasury 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. One Frankfort business received a loan in the $2 million to $5 million loan range, followed by seven businesses which received a loan in the $1 million to $2 million range.

Below is a list of Frankfort businesses that received at least $350,000 in loans. The complete list of all loans received by local businesses can be found here.

FRANKFORT BUSINESSES RECEIVING $5 MILLION-$10 MILLION LOAN RANGE

• None listed

FRANKFORT BUSINESSES RECEIVING $2 MILLION-$5 MILLION LOAN RANGE

• KIPCO Restaurants LLC, 11858 Flagstone Turn — 500 jobs retained

FRANKFORT BUSINESSES RECEIVING $1 MILLION-$2 MILLION LOAN RANGE

• Aspen Inc., 9645 Lincolnway Lane — no data available
• Currie Motors Frankfort, Inc., 9423 W. Lincoln Highway — 65 jobs retained
• Iron Galaxy Studios LLC, 22662 Maddeline Lane — 81 jobs retained
• Paratech, Incorporated, 1025 Lambrecht Drive — 80 jobs retained
• Phillips Chevrolet, Inc., 9700 Lincoln Highway — no data available
• Phoenix Fire Systems, Inc., 744 W. Nebraska St. — 48 jobs retained
• U.S. Intermodal, Inc., 20635 Abbey Woods Court N #201 — 172 jobs retained

FRANKFORT BUSINESSES RECEIVING $350,000-$1 MILLION LOAN RANGE

• All Sealants Inc., 9445 Corsair Road — 25 jobs retained
• Architectural Grilles and Sunshades, Inc., 22442 S. Fey Drive — 28 jobs retained
• Arctic Snow and Ice Control, Inc., 22763 S. Center Road — 316 jobs retained
• Auto Accessories Garage LLC, 28 W. Nebraska St. — 38 jobs retained
• CACBA Community Affairs & Crisis Benevolent Association, 21201 S. Elsner Road #1421 — 10 jobs retained
• Commercial Construction, Inc., 7048 Steger Road — 24 jobs retained
• Craig Bachman Imports Inc., 281 Ontario St. — 67 jobs retained
• Dekayo Corporation, 9308 Gulfstream Road — 23 jobs retained
• Demarco Sciaccotta Wilkens Dunleavy, LLP, 1645 Lincolnway Lane, Suit 214A — 27 jobs retained
• DW Enterprises, LLC, 22955 Folkestone Way — 135 jobs retained
• E-Quip Manufacturing Co., Inc., 230 Industry Ave. — 26 jobs retained
• Educators Advancement Group, Inc., 20624 Abbey Woods Court N — 77 jobs retained
• Excel Electric, Inc., 24 W. Sangmeister Road — 26 jobs retained
• Geocon Professional Services, LLC, 10045 W. Lincoln Highway — 31 jobs retained
• Gnade Insurance Group Inc., 219 N. White St. — 22 jobs retained
• GNC Consulting, Inc., 21195 S. La Grange Road — 26 jobs retained
• Goldy Locks, Inc., 93010 Corsair Road — 27 jobs retained
• Hamilton Construction, Inc., 21200 LA Road S — 12 jobs retained
• Hedges Clinic, S.C., 222 Colorado Ave. — 49 jobs retained
• Hickory Creek Nursery, Inc., 20601 S. La Grange Road — 58 jobs retained
• King HVAC Systems, LLC, 101 Ontario St. — 48 jobs retained
• Kore Sae, LLC, 8771 W. Laraway Road — 47 jobs retained
• Lott #1, Inc.,10269 W. Lincoln Highway — 210 jobs retained
• Melrose Pyrotechnics, Inc., 105 Ash St. — 28 jobs retained
• NES, Inc., 195 Industry Ave. — 67 jobs retained
• Performance Mechanical Contractors, Inc., 9228 Corsair Road — 25 jobs retained
• Pro Met Steel, Inc., 20550 S. La Grange Road, Suite 300 — 60 jobs retained
• Quantum Technical Services, Inc., 8524 Gulfstream Road — 36 jobs retained
• Ridgeworth Roofing Company, Inc., 121 Ontario St. — no data available
• Southwest Fireplace Supply, Inc., 9485 W. Laraway Road — 10 jobs retained
• Site Transport, Inc., 210 Industry Ave. — 42 jobs retained
• Steve Spiess Construction, Inc., 10284 Vans Drive — 16 jobs retained
• Therafin Corporation, 9450 W. Laraway Road — 36 jobs retained
• Unlimited Masonry & Construction Inc., 9426 Corsair Road — 18 jobs retained
• Vilutis and Co., Inc., 22535 S. Center Road — 40 jobs retained
• Warfield Electric Company, Inc., 175 Industry Ave. — 71 jobs retained