Lockport Businesses Get Millions In Small Business Loans

LOCKPORT, IL — The U.S. Small Business Administration released a list of businesses — including many in Lockport— 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."

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. Six Lockport businesses received a loan in the $1 million to $2 million range.

Below is a list of Lockport businesses that received at least $300,000 in loans. The complete list of all loans received by local businesses can be found here.

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

• None listed

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

• None listed

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

• Beary Landscape Management, Inc., 15001 W. 159th St. — 280 jobs retained
• Concrete By Wagner Inc., 13808 High Road — 45 jobs retained
• J.P. McMahon Petro-Chem Transport Group, LLC, 14835 New Ave. — 67 jobs retained
• Lockport Steel Fabricators, LLC, 3051 S. State St. — 66 jobs retained
• Magenta LLC, 15160 New Ave. — no data available
• McMahon Transport Group, LLC, 14715 New Ave. — 88 jobs retained

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

• Andromeda Computing Systems, Inc., 16624 W. 159th St., Suite 600 — 43 jobs retained
• Beary Landscaping Inc., 15001 W. 159th St. — 85 jobs retained
• Clausen Structures, Inc., 1515 Canal St. — no data available
• CMG Construction, Inc., 14631 New Ave., Unit 2 — 17 jobs retained
• Deerfield Construction Group, Inc., 14927 New Ave. — 60 jobs retained
• General Machine & Tool, Inc., 348 Caton Farm Road — 28 jobs retained
• Homer Industries, LLC, 13920 Archer Ave. — 34 jobs retained
• Homer Tree Care, Inc., 14000 Archer Ave. — 47 jobs retained
• Illinois Industrial Tool, Inc., 16410 S. John Lane Crossing — 45 jobs retained
• International Hauling & Excavating, Inc., 14407 Boula Ave. — 15 jobs retained
• John Russ And Company, Inc., 16151 Rankin Drive — 22 jobs retained
• Joliet Cabinet Co., 405 Caton Farm Road — 43 jobs retained
• Mac Rak, Inc., 16610 W. 159th St., Suite 103 — 46 jobs retained
• Midwest Property Development, LLC, 15240 W. Pantigo Lane — 79 jobs retained
• Midwest Tankermen Inc., 980 E. Ninth St. — 35 jobs retained
• Presssense Pressure Sensitive Papers Inc., 14503 S. Gougar Road — no data available
• Styleline Custom Cabinetry, 17131 Prime Blvd. — 25 jobs retained
• Suburban Chicago Accessory Center, LLC, 16323 W. Prologis Parkway — 43 jobs retained
• Triple G Enterprises, Inc., 14729 S. New Ave. — no data available