Loans Issued BY Community Resource Bank

Loan Amount Company Name Location Lender
$150K-350K CHAMPION PAVING CORPORATION Hampshire , IL Resource Bank, National Association
$1-2M MI5 INC Davis , CA First Resource Bank
$350K-1M IS PARTNERS, LLC Wilmington , DE First Resource Bank
$1-2M GREAT SOCKS HOLDING CO., LLC Osage , IA First Resource Bank
$2-5M CONSERV FS, INC. Woodstock , IL Resource Bank, National Association
$1-2M ALGUS PACKAGING, INC. Dekalb , IL Resource Bank, National Association
$1-2M DEKALB MECHANICAL, INC Dekalb , IL Resource Bank, National Association
$1-2M MAPLEHURST FARMS, INC. Rochelle , IL Resource Bank, National Association
$1-2M SK EXPRESS INC. Dekalb , IL Resource Bank, National Association
$1-2M TEE JAY SERVICE COMPANY Aurora , IL Resource Bank, National Association
$350K-1M ADKINS MILK HAULING, LLC Genoa , IL Resource Bank, National Association
$350K-1M ARNESON OIL COMPANY Sheridan , IL Resource Bank, National Association
$350K-1M BLACKHAWK MOVING & STORAGE, INC. Sycamore , IL Resource Bank, National Association
$350K-1M BRAD MANNING FORD, INC. Dekalb , IL Resource Bank, National Association
$350K-1M CHEM-WISE ECOLOGICAL PEST MNG. SERV., INC. Aurora , IL Resource Bank, National Association
$350K-1M COLE PALLET SERVICES CORPORATION Dekalb , IL Resource Bank, National Association
$350K-1M DEVNET, INC. Sycamore , IL Resource Bank, National Association
$350K-1M DW MECHANICAL GROUP INC Hoffman estates , IL Resource Bank, National Association
$350K-1M LEHAN DRUGS, INC. Dekalb , IL Resource Bank, National Association
$350K-1M MIDWESTERN CONCRETE & CONSTRUCTION, INC. Sandwich , IL Resource Bank, National Association
$350K-1M PIZZO & ASSOCIATES, LTD Leland , IL Resource Bank, National Association
$350K-1M SVI INTERNATIONAL, INC. Dekalb , IL Resource Bank, National Association
$350K-1M SWEDBERG ELECTRICAL Sycamore , IL Resource Bank, National Association
$350K-1M SYCAMORE PRECISION, INC. Genoa , IL Resource Bank, National Association
$350K-1M UNIFIED WIRE AND CABLE, INC. Dekalb , IL Resource Bank, National Association
$350K-1M VIVIDGRO, INC. Sycamore , IL Resource Bank, National Association
$350K-1M WEAVER CONSTRUCTION INC. Sycamore , IL Resource Bank, National Association
$150K-350K A&B EXTERIORS, LLC Sandwich , IL Resource Bank, National Association
$150K-350K ALPHA STORM SOLUTIONS INC Somonauk , IL Resource Bank, National Association
$150K-350K BETHANY ANIMAL HOSPITAL, LLC Sycamore , IL Resource Bank, National Association
$150K-350K CARING ANGELS, INC. Dekalb , IL Resource Bank, National Association
$150K-350K CENTRAL MACHINERY MOVERS, INC. Big rock , IL Resource Bank, National Association
$150K-350K CIRCLE BORING & MACHINE CO. Rockford , IL Resource Bank, National Association
$150K-350K COLLINS DENTAL GROUP, P.C. Sycamore , IL Resource Bank, National Association
$150K-350K CUSTOM STONE WORKS ACQUISITION, INC. Cortland , IL Resource Bank, National Association

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.