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Chicago City Wire

Saturday, November 2, 2024

Analysis: 10,126 Auburn Gresham "small businesses" collected $187.7 million in "payroll protection" cash from U.S. taxpayers

Capital plus financial

Francheska Dills (L) received a PPP loan from Eric Donnelly (R), CEO of Capital Plus Financial | Chicago Police Dept./Capital Plus Financial

Francheska Dills (L) received a PPP loan from Eric Donnelly (R), CEO of Capital Plus Financial | Chicago Police Dept./Capital Plus Financial

On Chicago's South Side, the Auburn Gresham neighborhood has one of the city's highest unemployment rates-- 16.5 percent-- and is best known for its drive by shootings.

It also has the most small businesses in Chicago, according to an analysis of Paycheck Protection Program loan reporting by the U.S. Small Business Administration (SBA).

Chicago City Wire reviewed data on all loans of $25,000 and under and found residents of Auburn Gresham received more of them than any other community in Illinois-- some 10,126 totaling $187,700,977 in U.S. taxpayer cash. 

In fact, Auburn Gresham, pop. 68,761, received 13 times as many loans as it has licensed businesses (744), according to the City of Chicago.

Most of the loans, which averaged $18,537, were to individuals, borrowing as sole proprietors or independent contractors, presumably protecting their own paychecks.

PPP loans are forgiven if the PPP lender concludes the borrower fulfilled the loan terms.

Auburn Gresham wasn't alone in its PPP loan prominence.

Ten Chicago communities received more than ten times as many PPP loans as they have licensed businesses, including Roseland (9,323 loans/$172M), Chatham (9,169/$168M), Austin (7,470/$143M) and South Chicago (6,750/$121M).

All told, communities on Chicago's South Side with a collective 15,409 active business licenses received 89,734 PPP loans totaling $1,589,228,401.

Chicago West Side Communities with 9,167 total business licenses received 37,221 PPP loans totaling $670,504,336.

Those numbers dwarfed the small business PPP loan money received by residents of Chicago's North Side ($429,902,419) and Chicago's Loop ($84,940,342), which have more licensed businesses than the the south and west sides.

The largest under $25,000 lender in Auburn Gresham and Chicago was Capital Plus Financial LLC of Bedford, Tx. near Dallas, according to the SBA.

City-wide, it made 58,687 loans totaling $1.099 billion. Nearly all of them-- 99.8 percent-- were under $25,000.

The SBA fee schedule paid lenders a flat fee of $2,500 for every loan made under $50,000, earning Capital Plus $146,717,500 on its Chicago loans.

All Chicago lenders collectively earned $413,370,000 on their under $25,000 loans in the city of Chicago.

Payroll Protection?

In Auburn-Gresham, Capital Plus made 2,308 loans totaling $44.5 million, or 23 percent of the community's total. 

One of them was to Ankwanique Hill, 33, who lives in the 1300 block of West 72nd Place. He received $20,832, according to the SBA.

City of Chicago records show Hill is a full-time tree trimmer with the Department of Streets and Sanitation, earning $77,376 per year.

Another Capital Plus loan was to Francheska Dills, 35, of the 8000 block of South Wood. She received $20,415 for her "carpet and upholstery cleaning services" business, according to the SBA.

Chicago Police records show Dills was arrested twice this year-- once in January for possession of a controlled substance, and again in June for possession of a firearm without a valid FOID card. A native of Bloomington, Ill., in 2013 Dills was arrested on charges of felony delivery of marijuana, sentenced to 24 months probation and 30 hours of community service.

SBA records show LaNiyah Murphy was 19, a recent graduate of Perspectives H.S. and a freshman at Governors State University in University Park when she received a $20,000 loan from Capital Plus, reporting she was running a "tax preparation services" business.

Murphy was shot and killed in January after an argument in West Pullman.

According to U.S. government payroll data, Alvaro A. Reasnover, 38, is a customer service manager with the U.S. Postal Service, earning $95,218 per year. State voter registration records show he lives in the basement apartment of a two flat in the 7800 block of South Bishop, six blocks west of St. Sabina's Catholic Church.

Last year, Reasnover received a PPP loan of $20,251, according to SBA records, for his "residential property managers" business..His lender was American Lending Center of Long Beach, Calif, which made 16 loans in Auburn Gresham under $25,000, totaling $321,706.

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Which Chicago communities received the most PPP loans?

The Paycheck Protection Program (PPP) loaned U.S. taxpayer money to business owners who promised not to lay off their employees during the government's COVID-19 lockdowns. Where did this money go in Chicago?

RegionPop.% of PopBiz Lic.% of BLLoans$$$% of $$
Chicago Loop/Central93,2183%7,25814%5,795$84,940,3423%
Chicago North Side1,026,91738%20,37639%32,598$429,902,41915%
Chicago South Side1,078,67440%15,40930%89,734$1,589,228,40157%
Chicago West Side481,75418%9,16718%37,221$670,504,33624%
TOTALS2,680,563100%52,210100%165,348$2,774,575,498100%

ZipCommunityPop.Biz Lic.Loans$$$
60620Auburn Gresham68,76174410,126$187,700,977
60628Roseland/West Pullman65,0086999,323$172,060,336
60619Chatham61,3729129,169$167,555,352
60644Austin45,9195557,470$142,718,864
60617East Side/Calumet Heights/South Chicago82,1018516,750$120,724,699
60624West Garfield Park35,0544376,282$120,106,207
60651Humboldt Park63,6798336,260$116,413,815
60649South Shore47,0845306,131$111,361,779
60637Hyde Park46,6214985,811$105,907,889
60623North Lawndale/Little Village77,7329855,398$100,512,280
60643Beverly/Washington Heights48,5726425,167$91,864,273
60636West Englewood30,0394954,939$92,816,546
60621Englewood26,7362894,509$84,437,494
60653Oakland/Grand Boulevard33,5743834,319$77,354,930
60629Chicago Lawn/West Lawn/Marquette Park107,9309804,178$73,909,814
60612East Garfield Park32,2401,0414,124$75,034,789
60616Douglas/Chinatown52,5571,1673,624$47,396,111
60615Kenwood41,1984893,485$60,465,416
60639Hermosa/North Austin88,5151,6613,225$53,944,223
60609Back of the Yards/Canaryville60,5512,0493,099$52,334,384
60652Ashburn42,2965112,750$48,853,362
60608Bridgeport/Pilsen/McKinley Park80,0111,6842,698$38,713,313
60640Uptown69,7261,1912,574$32,916,781
60645West Ridge46,9243122,538$34,779,680
60647Logan Square85,6581,9812,512$34,411,491
60659West Ridge43,8437972,468$31,673,563
60618Avondale/Bricktown94,6461,9172,300$30,297,366
60626Rogers Park51,0176822,099$29,374,466
60622Wicker Park/Ukranian Village52,9571,6741,950$27,362,667
60641Old Irving Park/Portage Park70,1631,1161,874$23,860,075
60625Albany Park/Bowmanville78,8201,2041,832$22,614,087
60614Lincoln Park/Old Town72,3911,7901,790$25,126,505
60634Dunning/Portage Park75,6041,0101,753$21,273,546
60610Near North/Gold Coast40,9541,0721,729$27,516,401
60660Edgewater45,1315671,538$19,631,785
60613Wrigleyville/Buena Park51,3991,0681,523$19,256,347
60657Lake View70,4891,4931,492$18,947,165
60630Jefferson Park/Mayfair55,6929021,435$17,010,497
60632Archer Heights/Brighton Park86,7151,4111,415$20,249,642
60607West Loop/Greektown30,3061,4891,408$21,523,124
60611Mag Mile/Streeterville33,9371,9261,242$18,238,109
60605South Loop/Dearborn Park30,9509421,085$15,632,436
60638Clearing57,0577281,064$15,893,080
60642Goose Island/River West18,4808211,042$15,055,333
60656Oriole Park/Union Ridge/Big Oaks28,9822301,039$11,519,711
60654River North20,8121,427973$14,478,119
60601Loop/Randolph-Lake14,5131,306800$11,691,616
60646Sauganash29,043434782$9,400,311
60602Loop/Washington-Madison1,596546737$10,288,506
60633Hegewisch/South Deering12,72099728$12,863,774
60631Edison Park/Norwood Park28,864417575$6,932,572
60606Loop-Wacker Drive3,2041,330572$8,753,101
60655Mt. Greenwood27,771248449$6,765,230
60661West Loop- Clinton/Jefferson10,734627436$6,054,955
60603Loop/Monroe-Adams1,186688418$5,936,143
60604Loop/Jackson-Van Buren729330339$5,060,461

Sources: City of Chicago; U.S. Small Business Administration 

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