PPP loans in Stephenson County, Illinois

Name: Stephenson County, Illinois
Address: IL, US

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 2,257 Paycheck Protection Program loans for businesses it recorded in Stephenson County, $99.3 million in all.

Stephenson County, as of September 30, 2024

$99.3 million
Approved: $99,273,981; 0.3% of the $37.3 billion approved in Illinois.; 2,257
Loans: 1,829 first draws and 428 second draws.; 89.9%
Forgiven: 2,028 of 2,257 loans carry a forgiveness amount, $94.9 million in all.; 7.8%
Charged off: 176 of 2,257 loans, approved for $3.4 million. That is the loans' size, not what SBA lost.

The largest borrowers in Stephenson County · 2020–21

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The largest borrowers in Stephenson County, 2020–21
Rank	Name	USD	Loans
1	Furst-McNess Company, Freeport	$4.9 million$4,940,200	1
2	Mitek Corporation, Winslow	$4.2 million$4,249,500	1
3	Pearl Valley Farms Inc, Pearl City	$2.9 million$2,888,020	1
4	Loescher Heating And Air Conditioning, Freeport	$2.6 million$2,595,000	2
5	Fehr-Graham & Associates LLC, Freeport	$2.5 million$2,454,600	1
6	Stewart Venture Capital Group Corporation, Freeport	$1.4 million$1,419,000	1
7	Pearl City Elevator Inc, Pearl City	$1.3 million$1,316,580	1
7	Pearl City Elevator, Inc, Pearl City	$1.3 million$1,316,580	1
9	Stephenson Service Company, Freeport	$1.3 million$1,269,800	1
10	Hughes Services, Inc., Freeport	$1.2 million$1,217,500	1
11	Fischer Excavating Inc., Freeport	$937.7 thousand$937,703	1
12	Fosler Construction Company, Inc., Freeport	$804.1 thousand$804,100	1
13	Modern Plating Corp., Freeport	$763.7 thousand$763,711	1
13	Modern Plating Corporation, Freeport	$763.7 thousand$763,711	1
15	Bowen Oil Company, Orangeville	$763.4 thousand$763,440	2
16	Seaga Manufacturing Inc, Freeport	$745.1 thousand$745,100	1
17	Omega Foods, Inc, Freeport	$711.0 thousand$711,000	1
18	Startel Corporation, Freeport	$710.1 thousand$710,100	1
19	Adkins Energy LLC, Lena	$650.2 thousand$650,210	1
20	Parkview Home Of Freeport, Il, Inc., Freeport	$617.1 thousand$617,100	1
21	Adkins Energy LLC, Lena	$615.4 thousand$615,400	1
22	Bocker Chevrolet, Buick, Gmc, Cadillac,, Freeport	$589.4 thousand$589,400	1
23	Kim Foods Inc, Freeport	$554.5 thousand$554,500	1
24	J.H. Barkau & Sons, Cedarville	$541.5 thousand$541,500	1
25	Kels Foods Inc, Freeport	$534.0 thousand$534,000	1
26	Devansoy, Inc., Rock City	$471.0 thousand$471,000	1
27	K&K Foods Inc, Freeport	$467.0 thousand$467,000	1
28	Freeport Industrial Roofing Inc., Freeport	$462.1 thousand$462,070	1
29	Freeport Industrial Roofing, Inc., Freeport	$462.0 thousand$462,000	1
30	Lena Living Center, LLC, Lena	$455.4 thousand$455,400	1
31	Quality Transport Company, Freeport	$452.0 thousand$452,000	1
32	Malcolm Eaton Enterprises, Freeport	$450.0 thousand$450,000	1
33	Quality Transport Company, Freeport	$438.0 thousand$438,000	1
34	Preferred Concrete & Excavating, Inc., Freeport	$390.4 thousand$390,400	1
35	Fairway Ford, Inc, Freeport	$380.4 thousand$380,408	1
36	Tsr Concrete Coatings LLC, Lena	$368.6 thousand$368,600	1
37	Northwest Eyecare Pc, Freeport	$332.2 thousand$332,154	1
37	Northwest Eyecare Pc, Freeport	$332.2 thousand$332,154	1
39	Stephenson County Senior Center, Freeport	$328.3 thousand$328,278	1
40	Groenewold Fur & Wool Company, Freeport	$326.9 thousand$326,900	1
41	Aquin Catholic Schools, Freeport	$310.0 thousand$310,000	1
42	Crossroads Community Church, Freeport	$298.1 thousand$298,100	1
42	Crossroads Community Church, Freeport	$298.1 thousand$298,100	1
44	Winter Construction Inc, Freeport	$295.6 thousand$295,555	1
44	Winter Construction, Inc, Freeport	$295.6 thousand$295,555	1
46	Young Men's Christian Association Of Freeport Illinois, Freeport	$293.5 thousand$293,462	1
46	Young Men's Christian Association Of Northwest Illinois, Freeport	$293.5 thousand$293,462	1
48	Freidag Associates Inc, Freeport	$292.4 thousand$292,400	2
49	Libra Unlimited , Inc., Freeport	$285.3 thousand$285,300	1
49	Libra Unlimited Inc., Freeport	$285.3 thousand$285,300	1
51	Security First Title Co, Freeport	$283.3 thousand$283,300	1
52	Birchen Farms, Inc., Pearl City	$281.3 thousand$281,300	1
53	The Bloomin' Apple Freeport L.L.C., Freeport	$269.9 thousand$269,892	1
54	The Rafters Restaurant LLC, Lena	$268.8 thousand$268,805	2
55	Bjg Nelson Holdings, Inc., Freeport	$253.0 thousand$253,000	1
55	Dencor Properties, Freeport	$253.0 thousand$253,000	2
57	Chapin, Sutter, Chapin, Ltd, Lena	$249.1 thousand$249,147	1
58	T.R. Machine, Inc., Davis	$248.4 thousand$248,430	1
59	T.R. Machine, Inc., Davis	$248.4 thousand$248,400	1
60	Norman C. Sleezer Youth Home, Freeport	$240.0 thousand$240,000	1
61	Jmi 2 Masonry Contractors Corp, Rock City	$239.2 thousand$239,200	2
62	Kelsey Excavating, Inc, Davis	$236.5 thousand$236,500	1
63	Signco Inc, Melrose Park	$235.6 thousand$235,600	1
64	Torkelson Cheese Co., Lena	$228.2 thousand$228,225	1
65	Heritage Woods Of Freeport Sp, LLC, Freeport	$227.6 thousand$227,599	1
66	Wengers Springbrook Cheese, Inc, Davis	$225.4 thousand$225,400	1
67	Werhane Enterprises, Ltd, Lena	$224.8 thousand$224,825	1
68	Elspec North America Inc., Freeport	$224.0 thousand$224,000	1
68	Elspec North America, Inc., Freeport	$224.0 thousand$224,000	1
70	Swift Staffing, LLC, Freeport	$216.9 thousand$216,900	1
71	R-Squared Construction, Inc., Freeport	$213.4 thousand$213,400	1
71	R-Squared Construction, Inc., Freeport	$213.4 thousand$213,400	1
73	Foley Brothers Farms, Lena	$211.8 thousand$211,807	2
74	Barkau Brothers LLC, Freeport	$207.4 thousand$207,400	1
75	Triton Testing And Design Inc, Freeport	$202.8 thousand$202,800	2
76	Gitz-Meier Remodeling Contractors Inc., Freeport	$201.1 thousand$201,100	1
76	Gitz-Meier Remodeling Contractors, Inc., Freeport	$201.1 thousand$201,100	1
78	Etchberger Trucking Inc., Freeport	$200.0 thousand$200,000	1
79	Anne's Landscape Supply, Inc, Freeport	$198.4 thousand$198,357	1
80	First Church Of The Open Bible Freeport, Freeport	$194.4 thousand$194,400	1
81	Prophetstown Pork LLC, Freeport	$193.1 thousand$193,085	2
82	Proto-Cutter, Inc., Freeport	$191.0 thousand$191,000	1
83	High Plains Pork Inc., Winslow	$189.3 thousand$189,313	1
84	High Plains Pork Inc, Winslow	$189.3 thousand$189,312	1
85	Digvonni Oppold Myers Inc, Freeport	$188.0 thousand$188,000	1
86	Hunter Haven Farms, Inc, Pearl City	$187.4 thousand$187,382	1
87	Inertia Machine Corporation, Freeport	$178.5 thousand$178,500	1
87	Inertia Machine Corporation, Freeport	$178.5 thousand$178,500	1
87	Lucas Group Cpas Advisors, LLC, Freeport	$178.5 thousand$178,500	1
90	Hbp Inc., Freeport	$178.0 thousand$177,977	1
91	Etchberger Trucking Inc, Freeport	$176.9 thousand$176,900	1
92	Tri-State Home Healthcare, LLC, Freeport	$174.3 thousand$174,280	1
93	Precision Landscape, Inc, Eleroy	$170.0 thousand$170,005	1
94	Computer Dynamics Of Northwest Il LLC, Freeport	$169.1 thousand$169,090	1
95	Kent Farms, Inc., Winslow	$166.6 thousand$166,600	1
96	Pro Source Electric & Automation Inc., Lena	$164.7 thousand$164,682	1
97	Plager, Krug, Bauer, Rudolph & Stodden, Ltd, Freeport	$161.9 thousand$161,861	1
98	Dsmmm Enterprises, Inc., Freeport	$160.6 thousand$160,600	1
99	Z Management Services, LLC, Freeport	$160.1 thousand$160,100	1
100	Bo-Mar Heating And Cooling, Inc., Freeport	$158.0 thousand$158,000	1

How the list is drawn

100 of the 2,094 borrowers ranked in Stephenson County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
A borrower is ranked here when SBA recorded its first loan in Stephenson County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Sources

SBA Paycheck Protection Program (PPP) FOIA — loan-level data — U.S. Small Business Administration · Public domain — U.S. Government work · retrieved September 25, 2026
Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026

Data retrieved September 23, 2026

Stephenson County, as of September 30, 2024

The largest borrowers in Stephenson County · 2020–21

How the list is drawn

Related

Sources