The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
Top 100 largest PPP loans in 2021 in ZIP Code 44145
| Name of Borrower | Current Approved Amount |
|---|---|
| Lake Erie Electric, Inc. | $4,737,873 |
| Lake Erie Electric of Toledo, Inc. | $3,326,850 |
| Lake Erie Electric of Michigan, Inc. | $2,335,400 |
| Blue Ridge Bread, Inc. | $2,000,000 |
| Howley Bread Group, Ltd. | $2,000,000 |
| The Pipe Line Development Company | $1,549,890 |
| The Spyglass Group, LLC | $1,540,198 |
| Sea-Land Chemical Company | $1,345,349 |
| Aluminum Line Products | $1,318,557 |
| Hopp Electric, Inc. | $891,958 |
| Firelands Electric, Inc. | $683,571 |
| Firelands Electric, Inc. | $683,571 |
| Columbus Worthington Hospitality, LLC | $683,375 |
| Thermal Environmental Systems, Inc. | $683,200 |
| Global Technical Recruiters, Inc. | $669,725 |
| Cleveland South Hospitality, LLC | $661,601 |
| Lake Erie Electric of Columbus, Inc. | $632,646 |
| Seeley Savidge Ebert & Gourash Company LPA | $607,193 |
| Cleveland Airport Hospitality, LLC | $606,312 |
| Head Mercantile Company, Inc. | $576,607 |
| Cleveland Strongsville Hospitality, LLC | $574,220 |
| Star Metal Products Company, Inc. | $573,785 |
| North Bay Construction, Inc. | $558,552 |
| Twin Tier Hospitality, LLC | $554,130 |
| Olmsted Manor, Ltd. | $546,312 |
| Logan Clutch Corporation | $545,397 |
| Associates in Dermatology, Inc. | $498,000 |
| Boston West Hospitality, LLC | $470,540 |
| Its Traffic Systems, Inc. | $427,605 |
| Carnegie Management and Development Corporation | $421,829 |
| Emerald Hospitality Associates, Inc. | $412,068 |
| Smart Business Network, Inc. | $411,305 |
| Medical Resource Group, Inc. | $403,435 |
| Aspire Brands, Inc. | $388,142 |
| Program Transportation, Inc. | $380,812 |
| Emba Machinery, Inc. | $361,423 |
| Board Hospitality, LLC | $357,713 |
| Blue Spark Technologies, Inc. | $356,532 |
| Multifamily Media Management, LLC | $352,808 |
| Lake Erie Technologies, Inc. | $352,486 |
| Lake Erie Technologies, Inc. | $352,485 |
| Patton Painting, Inc. | $350,868 |
| Bella Capelli, Inc. | $350,000 |
| Bradley L Mccormack Pure LLC D.D.S. | $324,738 |
| JR Park, LLC | $308,200 |
| Whitestar Professional Corporation | $285,353 |
| Cleveland Restaurant Operation, Ltd. | $270,452 |
| West-Bay Decorating, Inc. | $269,245 |
| North Shore Endoscopy Center, Ltd. | $267,620 |
| National Association of Collegiate Directors of Athletics | $266,727 |
| Luca, LLC | $265,674 |
| Central Park West Hospitality, LLC | $265,387 |
| Greenair, Inc. | $264,055 |
| Automotive Events, Inc. | $254,800 |
| A&J S C R Project, Inc. | $251,156 |
| All Media Design Group, Inc. | $250,000 |
| Inspection Engineering Products, LLC | $250,000 |
| Robert M Stern Inc., M.D. | $246,650 |
| Cleveland Airport North Olmsted, LLC | $240,026 |
| Career Connections Staffing Services, Inc. | $236,000 |
| Marlin Thermocouple Wire, Inc. | $234,452 |
| Integrity Technical Search, LLC | $231,665 |
| Wayne County Associates, LLC | $231,322 |
| Alpha Property & Casualty, Inc. | $226,748 |
| P. S. Of Cleveland, Inc. | $224,385 |
| Acuity-Vct, LLC | $223,078 |
| Howley & Company | $222,000 |
| Exit Planning Institute, Inc. | $220,000 |
| Madison Eye Care Associates, Inc. | $217,362 |
| NJL Westlake, Inc. | $215,579 |
| A & J's Grill, Inc. | $213,231 |
| SJT Enterprises, Inc. | $210,000 |
| Marketing Directions, Inc. | $206,530 |
| Ceres Enterprise, LLC | $204,428 |
| Architectural Vision Group, Ltd. | $203,948 |
| 360 Dental & Implants | $203,802 |
| Qualified Interiors, Inc. | $201,880 |
| Kennedy Craft Beers, LLC | $200,000 |
| SCBC, Inc. | $199,865 |
| Integri, LLC | $199,297 |
| Harrisburg Hershey Hospitality, LLC | $196,623 |
| Ohioinns, LLC | $193,340 |
| F a Integration, Inc. | $190,950 |
| Three Palms Crocker Park, LLC | $189,000 |
| Brad Smith Roofing Company, Inc. | $185,000 |
| All Weather Enterprises, Inc. | $184,375 |
| Ultraviolet Resources International Corporation | $177,000 |
| Rodney Johnson Enterprises, LLC | $176,165 |
| Amark Logistics, Inc. | $175,960 |
| White Oaks Corporation | $174,300 |
| Biltmore Asset Management, LLC | $174,187 |
| Fortuna Aggregates, LLC | $172,900 |
| Hathaway Partners | $168,800 |
| G & G, Inc. | $167,878 |
| Edufun, LLC | $167,638 |
| Party Animal, Inc. | $167,400 |
| Ground Works Land Design, LLC | $166,000 |
| Southern Tier Hospitality, LLC | $165,735 |
| DR. Aico Watanabe, Inc. | $161,872 |
| C-3 Learning, LLC | $160,320 |
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