Which Fox Valley companies received the most money when the federal government introduced the Paycheck Protection Program this spring?

Of the more than 1,500 businesses that raised at least $ 150,000 in loans in towns covered by the Daily Herald in Kane County, as well as parts of DuPage, Cook and McHenry counties, 10 received 5 at $ 10 million, the top tier, US Small Business Administration. data exposure.

They are: Andy Frain Services, Engineering Systems Inc. and Magnetrol International Holding, all on the DuPage side of Aurora; Electric Conduit Construction Co. of Elburn; Lending Solutions Inc. and MKD Electric Inc. on the Kane County side in Elgin; Scurto Cement Construction by Gilberts; Lake in the Hills reliable staffing services; The Oberweis dairy in Aurora du Nord; and BMD Corp. from South Elgin.

State Senator Jim Oberweis is the chairman of Oberweis Dairy. He’s running for Congress in the 14th District, against Rep. Lauren Underwood.

The paycheck protection program was approved by Congress this spring as a way to reduce the impact of the pandemic on the economy, and loans become repayable, in whole or in part, if employers abstain. to cut jobs.

In other words, for most businesses, the money turns into a federal grant, funded by American taxpayers.

The Daily Herald’s list does not include Oswego and Montgomery, two towns in southern Kane County.

Rich Harvest Farms Inc., Sugar Grove’s exclusive members-only golf course, has requested a loan of $ 350,000 to $ 1 million. The course is owned by Jerry Rich, who made his fortune developing commodities for computerized stock trading in the 1970s. He designed the course himself, which Golf Digest has called one of the Top 100 courses.

At least 27 churches and parish schools have requested loans of at least $ 150,000. They include 11 Roman Catholic parishes and three Roman Catholic secondary schools. The Immanuel Lutheran Church in Batavia and the Immanuel Lutheran Church in East Dundee – which also operate primary schools – have also received loans.

The Aurora-based Association for Individual Development, which provides assistance to people with disabilities, has asked for $ 2-5 million. Anderson Animal Shelter, headquartered in South Elgin, has asked for $ 350,000 to $ 1 million, as has the St. Charles-based Three Fires Council of the Boy Scouts of America.

The federal government did not announce specific loan amounts, just ranges.


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