Local companies receive millions in paycheck protection loans

By: 
Adam Rollins
Staff Writer
Logistics, manufacturing and construction companies were among four local employers who received more than $1 million through the federal government’s Paycheck Protection Program (PPP), according to recently released data.
 
The Small Business Administration, which administers the program, has released the names of businesses that received more than $150,000 in PPP loans, along with non-identifying information for employers receiving smaller loans. The PPP was established through the federal CARES Act to help businesses and nonprofits keep their employees on staff during the economic slowdown caused by COVID-19.
 
Nearly 50 companies in the Warren County area, including in Jonesburg and Foristell, received PPP loans of more than $150,000. They include mostly construction, manufacturing and logistics companies, along with a few service organizations. Eighteen of the employers received between $350,000 and $1 million.
 
According to the Small Business Association, more than 2,300 jobs were impacted by the loans.
 
The administration has also released data about businesses receiving loans of less than $150,000, including numerous loans of less than $10,000. Names for these small loan recipients were not provided, but there are 400 small businesses listed in the Warren County area. The total combined loan amounts for those companies is over $13 million, affecting an additional 2,100 jobs.
 
The PPP loan program was designed to help small businesses pay up to eight weeks of wages and  benefits for their employees. A small portion of the PPP loans can also be used for basic costs like rent or utilities.
 
PPP loans include an offer of full forgiveness as long as they are used for their intended purpose of keeping people employed at their pre-COVID salary levels.
 
The government reported that more than 90,000 Missouri businesses received PPP loans. Nationwide, the federal government has authorized up to $659 billion for job retention, according to the U.S. Department of the Treasury.
 
Below are the local recipients of more than $150,000 in PPP loans:
 
$2 million to $5 million
Warrenton Oil Company, Sellenriek Construction.
 
$1 million to $2 million
Child Evangelism Fellowship, Schwoepe Machine and Tool.
 
$350,000 to $1 million
Fab Tech Wastewater Solutions, Heggemann Inc., Mittler Corporation, N & R of Warrenton, Survant Enterprises, Innsbrook Corporation, Diesel Performance Products, Homeyer Precision Manufacturing, Lamke Trenching and Excavating, Meyer Construction Services, Warco Manufacturing Co., Warren County Electric, Fast Lane Group, Gastorf-Schrumpf Motors, Lorlee Transport, Alpha Logistics, Crucial Unlimited, TS Banze Construciton.
 
$150,000 to $350,000
Loving Hands Hospice, Scott Woolf Inc., Warrenton Steel Fabrication and Supply, Alpha Foundry Co., Tiger Waterfront Products, Wright City Veterinary Clinic, Aberi Steel, Integrity Insulation, S & S Utility Contracting, Hays Food Systems, JBC Transport Group, Phoenix Services, Raygoza Contracting Service, River City Steel Company, Sealcraft, Warren County Sheltered Workshop, Dedicated Converting Group, Hunter Modular Construction Co., N and R of Jonesburg, Selcon Construction, Best West Inc., Boehmer Bros., Deasson Contracting and Installations, Donald Poeling Inc., Picklemans Franchising, Pro Lawns, T and N Inc.

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