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Thousands of St. Louis area employers tapped the federal Paycheck Protection Program for help

Thousands of St. Louis area employers tapped the federal Paycheck Protection Program for help

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From Fenton to fortune in the name of God

Pilot Luke Jesnowski kept his employer Joyce Meyer dry as she headed to her private airplane at the Spirit of St. Louis Airport in August 2003, headed to Atlanta for a “Life In The Word” summer conference. Photo by Robert Cohen, rcohen@post-dispatch.com

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.

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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