These Western Springs Businesses Got Federal Payroll Loans

WESTERN SPRINGS, IL — The U.S. Small Business Administration released a list of businesses — including those in Western Springs — 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 news release. The program was set up to assist businesses in moving forward during the coronavirus pandemic.

The average loan size is approximately $100,000, a federal government news release says, "demonstrating that the program is serving the smallest of businesses."

After initially refusing to disclose the recipients of the federal relief, the government 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.

Nine businesses in Western Springs were listed in the database for the Payroll Protection Program. Here is the information provided by the Small Business Administration:

Western Springs businesses receiving $150,000 to $350,000

• Casey's Markets — 79 jobs retained
• WAY2B1.com — 26 jobs retained (Patch received the information about the number of jobs from the company. The federal government database said zero jobs were retained, which makes little sense because the program is meant to support payroll.)

Western Springs businesses receiving $350,000 to $1 million

• Dan King Therapy Service — 20 jobs retained
• Davanti's Western Springs — 41 jobs retained
• Gildea, Coghlan & Regan — — 4 jobs retained
• Grand Avenue Preschool & Day Care — 52 jobs retained
• Valmar Enterprises — 39 jobs retained
• Virant Restaurants — 29 jobs retained
• Wowzza — 67 jobs retained