ST. LOUIS — Construction companies, hospitals, law firms, museums, public television, charities and ministries are among St. Louis area borrowers that tapped the federal government’s Paycheck Protection Program.
Part of the CARES Act signed into law on March 27, the program was designed to encourage small businesses and other employers to keep workers on their payrolls despite the economic stress of the COVID-19 pandemic.
While the Small Business Administration has released some details about the program, the release on Monday of borrowers’ names was its most detailed yet.
One database included the names of hundreds of thousands of businesses that have received PPP loans of $150,000 or more, including nearly 11,500 in Missouri. Of those, almost 2,800 loans went to businesses with St. Louis addresses.
Locally, more than 300 of the recipients are in construction, and more than 300 are in the health care sector. There were more than 200 loans for businesses in accommodations and food service. Businesses in the arts, entertainment and recreation sector received just under 40 loans of $150,000 or more.
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Nearly 60 area employers borrowed between $5 million and $10 million, according to the SBA list. They include contractors Fred Weber, SAK Construction and Tarlton, hospitals St. Alexius and Touchette Regional Hospital, manufacturers Alton Steel and Crown Packaging, Christian broadcaster Joyce Meyer Ministries, and law firm Armstrong Teasdale.
Private schools also were among borrowers, such as Gateway Science Academy and St. Louis University High School, which each borrowed between $2 million and $5 million, the SBA records show.
Among nonprofits that borrowed between $1 million and $2 million are St. Patrick Center, which helps the homeless; the Urban League of Metropolitan St. Louis; the St. Louis Science Center Foundation; the Missouri Historical Society; and the St. Louis Regional Public Media Foundation, which supports KETC (Channel 9).
Vern Remiger, president of Remiger Design, said a PPP loan allowed his firm to honor commitments it had made early in 2020, to prospective new hires. The firm, located in Midtown, was listed in the $150,000 to $350,000 range in the SBA database of PPP loans.
“A lot of people coming out of college right now, a lot of them did not get the jobs that they may have been promised because of what’s going on,” Remiger said. “It really did help us from that point of view.”
A paid intern and an interior designer both started working at the firm in June, and a new architect is scheduled to join the firm at the end of the summer.
“We had some reserves,” Remiger said. “But this is a big downtime. And we’re still not coming out of it yet, at least in the architecture industry.”
Some industrial projects are continuing, he said, but the more speculative projects are mostly on hold. On the corporate side, as employees spend more and more weeks working from home, companies are reevaluating whether they want new office space.
For the medical technology company Stereotaxis, based in the Cortex district, the loan made it possible to avoid sending workers home. In its first quarter earnings, the company reported that it had received a $2.2 million forgivable loan.
“Receipt of a PPP loan cushioned the impact of COVID-19, allowing Stereotaxis to continue employing its workforce without implementing furloughs,” Chairman and CEO David Fischel said in a statement Monday.
The average loan size through the PPP is just under $107,000, according to the SBA. There have been 4.9 million loans approved through the program, as of June 30.
Among the loans above $150,000, more than 300 went to businesses with addresses in Columbia, and more than 650 went to businesses with addresses in Springfield. More than 1,360 went to businesses with Kansas City addresses.
Carrollton Bank, Commerce Bank and Enterprise Bank and Trust had the most loans to businesses in St. Louis.
Editor’s note: President Trump signed the CARES Act on March 27. An earlier version of this report had the wrong date.
Biggest St. Louis area PPP borrowers
These St. Louis metro area businesses and organizations borrowed between $5 million and $10 million under the Treasury Department’s Paycheck Protection Program.
|Borrower name||Address||City||State||ZIP||Business type||Race or ethnicity||Gender||JobsRetained||Date approved||Lender||Congressional district|
|4M Building Solutions Inc.||2827 Clark Avenue||St. Louis||MO||63103||Subchapter S Corporation||Unanswered||Unanswered||0||24-Jun-20||UMB Bank, National Association||MO - 01|
|Alton Steel Inc.||5 Cut Street||Alton||IL||62002||Corporation||Unanswered||Unanswered||264||10-Apr-20||Synovus Bank||IL - 12|
|ARCO Design/Build Parent Inc.||7700 Bonhomme Avenue||Clayton||MO||63105||Corporation||Unanswered||Unanswered||253||8-Apr-20||Synovus Bank||MO - 01|
|Armstrong Teasdale LLP||7700 Forsyth Boulevard||Clayton||MO||63105||Partnership||Unanswered||Male Owned||424||4-Apr-20||Cass Commercial Bank||MO - 01|
|Artur Express Inc.||4824 Park 370 Boulevard||Hazelwood||MO||63042||Corporation||White||Male Owned||0||7-Apr-20||UMB Bank, National Association||MO - 01|
|Beltservice Corp.||4143 Rider Trail North||Earth City||MO||63045||Corporation||Unanswered||Unanswered||374||8-Apr-20||Commerce Bank||MO - 01|
|Bradford & Galt Inc.||11457 Olde Cabin Road||Creve Coeur||MO||63141||Corporation||Unanswered||Unanswered||260||15-Apr-20||Modern Bank, National Association||MO - 01|
|Builder's Bloc Enterprises Inc.||607 Trade Center Boulevard||Chesterfield||MO||63005||Subchapter S Corporation||Unanswered||Unanswered||0||5-Apr-20||Busey Bank||MO - 02|
|C. Hager & Sons Hinge Manufacturing Co.||139 Victor Street||St. Louis||MO||63104||Corporation||Unanswered||Unanswered||356||6-Apr-20||Commerce Bank||MO - 01|
|CCA Global Partners Inc.||4301 Earth City Expressway||Earth City||MO||63045||Corporation||Unanswered||Unanswered||14-Apr-20||PNC Bank, National Association||MO - 01|
|Charles E. Jarrell Contracting Co.||4208 Rider Trail North||Earth City||MO||63045||Subchapter S Corporation||Unanswered||Unanswered||0||13-Apr-20||UMB Bank, National Association||MO - 01|
|Clean Uniform Co.||1316 South 7th Street||St. Louis||MO||63104||Subchapter S Corporation||Unanswered||Unanswered||483||14-Apr-20||Commerce Bank||MO - 01|
|Color Art Palette Inc.||1325 North Warson Road||Creve Coeur||MO||63132||Corporation||White||Female Owned||250||5-Apr-20||First Bank||MO - 01|
|Compass Electronics Group LLC||7701 Forsyth Boulevard||Clayton||MO||63105||Limited Liability Company(LLC)||Unanswered||Unanswered||250||6-Apr-20||PNC Bank, National Association||MO - 01|
|Conference Technologies Inc.||11653 Adie Road||Maryland Heights||MO||63043||Corporation||White||Male Owned||493||4-Apr-20||Midwest BankCentre||MO - 01|
|Corrigan Brothers Inc.||3545 Gratoit Street||St. Louis||MO||63103||Corporation||Unanswered||Unanswered||170||5-Apr-20||Midwest BankCentre||MO - 01|
|Crown Packaging Corp.||17854 Chesterfield Airport Road||Chesterfield||MO||63005||Subchapter S Corporation||Unanswered||Unanswered||0||6-Apr-20||Busey Bank||MO - 02|
|Drury Hotels Co. LLC||13075 Manchester Road||Des Peres||MO||63131||Limited Liability Company(LLC)||Unanswered||Unanswered||0||8-Apr-20||UMB Bank, National Association||MO - 02|
|Duke Manufacturing Co.||2224 North 10th Street||St. Louis||MO||63102||Corporation||Unanswered||Unanswered||500||7-Apr-20||Enterprise Bank & Trust||MO - 01|
|Environmental Restoration LLC||1666 Fabick Drive||Fenton||MO||63026||Subchapter S Corporation||Unanswered||Unanswered||425||13-Apr-20||PNC Bank, National Association||MO - 02|
|Essex Industries Inc.||7700 Gravois Road||St. Louis County||MO||63123||Subchapter S Corporation||Unanswered||Unanswered||397||7-Apr-20||CIBC Bank USA||MO - 01|
|Flooring Systems Inc.||4130 Meramec Bottom Road||St. Louis County||MO||63129||Subchapter S Corporation||Unanswered||Unanswered||278||8-Apr-20||Carrollton Bank||MO - 02|
|Fred Weber Inc.||2320 Creve Coeur Mill Road||Maryland Heights||MO||63043||Subchapter S Corporation||Unanswered||Unanswered||450||6-Apr-20||Midwest BankCentre||MO - 01|
|Grimco Inc.||11745 Sappington Barracks Road||Sunset Hills||MO||63127||Subchapter S Corporation||Unanswered||Unanswered||500||6-Apr-20||Commerce Bank||MO - 02|
|Guarantee Electrical Construction Co.||3415 Bent Avenue||St. Louis||MO||63116||Subchapter S Corporation||White||Male Owned||407||28-Apr-20||Parkside Financial Bank & Trust||MO - 01|
|IMI Management Inc.||1616 Cleveland Boulevard||Granite City||IL||62040||Corporation||Unanswered||Unanswered||0||7-Apr-20||UMB Bank, National Association||IL - 12|
|J.S. Leasing Co. Inc.||1441 Hampton Avenue||St. Louis||MO||63139||Corporation||Unanswered||Unanswered||339||7-Apr-20||Carrollton Bank||MO - 01|
|Joyce Meyer Ministries Inc.||700 Grace Parkway||Fenton||MO||63026||Non-Profit Organization||Unanswered||Unanswered||402||27-Apr-20||First Bank of Owasso||MO - 02|
|Kelly Mitchell Group Inc.||8229 Maryland Avenue||Clayton||MO||63105||Subchapter S Corporation||Unanswered||Unanswered||96||8-Apr-20||Busey Bank||MO - 01|
|Live Learning Technologies LLC||101 Hanley Road||Clayton||MO||63105||Limited Liability Company(LLC)||Unanswered||Unanswered||466||7-Apr-20||Commerce Bank||MO - 01|
|Lou Fusz Motor Co.||1 Athletic Drive||Earth City||MO||63045||Corporation||Unanswered||Unanswered||10-Apr-20||Ally Bank||MO - 01|
|Mark Andy Inc.||18081 Chesterfield Airport Road||Chesterfield||MO||63005||Corporation||Unanswered||Unanswered||443||13-Apr-20||PNC Bank, National Association||MO - 02|
|MBR Management Corp.||201 Main Street||St. Charles||MO||63301||Corporation||Unanswered||Male Owned||500||3-Apr-20||Cass Commercial Bank||MO - 02|
|Metro East Industries Inc.||3800 Missouri Avenue||East St. Louis||IL||62207||Subchapter S Corporation||Unanswered||Female Owned||428||8-Apr-20||Carrollton Bank||IL - 12|
|MHF Holdings Inc.||410 E Street||Granite City||IL||62040||Subchapter S Corporation||White||Male Owned||347||8-Apr-20||Parkside Financial Bank & Trust||IL - 12|
|Midas Hospitality LLC||1804 Borman Circle Drive||St. Louis County||MO||63146||Limited Liability Company(LLC)||Unanswered||Male Owned||500||7-Apr-20||Simmons Bank||MO - 01|
|NRRM LLC||503 Pearl Drive||St. Peters||MO||63376||Limited Liability Company(LLC)||Unanswered||Unanswered||500||7-Apr-20||Busey Bank||MO - 02|
|Paulo Products Co.||5620 West Park Avenue||St. Louis||MO||63110||Subchapter S Corporation||Unanswered||Unanswered||454||7-Apr-20||Central Bank of St. Louis||MO - 01|
|Pennex Aluminum Co. LLC||111 West Port Plaza||Maryland Heights||MO||63146||Limited Liability Company(LLC)||Unanswered||Unanswered||500||15-Apr-20||Bank of America, National Association||MO - 01|
|R.G. Brinkmann Co.||16650 Chesterfield Grove Road||Chesterfield||MO||63005||Corporation||Unanswered||Unanswered||255||8-Apr-20||First Bank||MO - 02|
|Reinhold Electric Inc.||2511 Lemay Ferry Road||St. Louis County||MO||63125||Subchapter S Corporation||Unanswered||Unanswered||351||6-Apr-20||Central Bank of St. Louis||MO - 01|
|SAK Construction LLC||864 Hoff Road||O Fallon||MO||63366||Limited Liability Company(LLC)||Unanswered||Male Owned||475||10-Apr-20||BMO Harris Bank National Association||MO - 02|
|Sandberg, Phoenix & Von Gontard P.C.||600 Washington Avenue||St. Louis||MO||63101||Professional Association||Unanswered||Unanswered||295||7-Apr-20||St. Louis Bank||MO - 01|
|Spartan Light Metal Products Inc.||3668 South Geyer Road||Sunset Hills||MO||63122||Subchapter S Corporation||Unanswered||Unanswered||500||6-Apr-20||First Bank||MO - 01|
|St. Alexius Hospital Corporation 1||3933 South Broadway||St. Louis||MO||63118||Subchapter S Corporation||Unanswered||Unanswered||360||15-May-20||U.S. Bank, National Association||MO - 01|
|Sumnerone Inc.||6717 Waldemar Avenue||St. Louis||MO||63139||Corporation||Unanswered||Unanswered||341||9-Apr-20||Commerce Bank||MO - 01|
|Sunnen Products Co.||7910 Manchester Road||Maplewood||MO||63143||Corporation||Unanswered||Unanswered||421||8-Apr-20||CIBC Bank USA||MO - 01|
|T.J. Wies Contracting||200 TCW Court||Lake Saint Louis||MO||63367||Corporation||Unanswered||Male Owned||313||11-Apr-20||Enterprise Bank & Trust||MO - 03|
|Tacony Corp.||1760 Gilsinn Lane||Fenton||MO||63026||Subchapter S Corporation||Unanswered||Unanswered||441||27-Apr-20||Commerce Bank||MO - 02|
|Tartlton Corp.||550 West Park Avenue||St. Louis||MO||63110||Subchapter S Corporation||Unanswered||Unanswered||223||9-Apr-20||Simmons Bank||MO - 01|
|Total Access Urgent Care P.C.||9556 Manchester Road||Rock Hill||MO||63119||Subchapter S Corporation||Unanswered||Unanswered||0||5-Apr-20||Busey Bank||MO - 01|
|Touchette Regional Hospital||5900 Bond Avenue||East St. Louis||IL||62207||Non-Profit Organization||Unanswered||Unanswered||469||9-Apr-20||Commerce Bank||IL - 12|
|Triad Manufacturing Inc.||4321 Semple Avenue||St. Louis||MO||63120||Subchapter S Corporation||Unanswered||Unanswered||100||9-Apr-20||JPMorgan Chase Bank, National Association||MO - 01|
|Tronicom Corp.||6437 Manchester Street||St. Louis||MO||63139||Corporation||Unanswered||Unanswered||342||9-Apr-20||Enterprise Bank & Trust||MO - 01|
|Vee-Jay Cement Contracting Co. Inc.||8053 Chivvis Drive||St. Louis County||MO||63123||Subchapter S Corporation||Unanswered||Unanswered||0||4-Apr-20||UMB Bank, National Association||MO - 01|
|Vitaligent LLC||190 Carondelet Plaza||Clayton||MO||63105||Limited Liability Company(LLC)||White||Male Owned||20||4-Apr-20||Lake Forest Bank & Trust Company, National Association||MO - 01|
|Western Anesthesiology Associates Inc.||339 Consort Drive||Ballwin||MO||63011||Corporation||Unanswered||Unanswered||13-Apr-20||PNC Bank, National Association||MO - 02|
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