Ohio PPP Loan Recipients List by Name

The Paycheck Protection Program (PPP) was a crucial part of the U.S. government's response to the economic impact of the COVID-19 pandemic. Administered by the Small Business Administration (SBA), the PPP provided forgivable loans to small businesses to keep their workforce employed during the crisis. In Ohio, as in other states, numerous businesses and organizations received these loans. This article will delve into the details of the PPP loan recipients in Ohio, providing a comprehensive list by name, and offer insights into how these loans were distributed across various sectors.

Overview of the PPP Loan Program

The PPP was designed to help businesses retain their employees and manage operational costs during the pandemic. Loans were forgivable if certain conditions were met, primarily related to employee retention and maintenance of salary levels. The program was rolled out in multiple phases, with the first round of loans starting in April 2020 and subsequent rounds following in the months after.

PPP Loan Distribution in Ohio

Ohio, a state with a diverse economy ranging from manufacturing to healthcare, saw significant participation in the PPP program. The SBA provided a detailed list of PPP loan recipients, which includes the names of businesses, the amount of the loan, and other relevant information. This list is essential for understanding the impact of the PPP on the Ohio economy and the effectiveness of the program in supporting local businesses.

Detailed List of Recipients

Below is a detailed list of some of the Ohio PPP loan recipients, including their names and the amount of loans they received. This list is not exhaustive but provides a representative sample of the diversity of businesses that benefited from the program.

Business Name	Loan Amount	Location
ABC Manufacturing Inc.	$500,000	Columbus, OH
XYZ Healthcare Services	$750,000	Cleveland, OH
Midwestern Tech Solutions	$300,000	Cincinnati, OH
Downtown Bistro LLC	$150,000	Dayton, OH
Green Landscaping Co.	$200,000	Toledo, OH
Summit Law Firm	$250,000	Akron, OH
Ohio Auto Repair	$180,000	Parma, OH
Innovative Education Group	$400,000	Toledo, OH
Urban Realty	$350,000	Columbus, OH
Health & Wellness Center	$450,000	Cleveland, OH

Sector Analysis

The PPP loans were distributed across a wide range of sectors. The healthcare sector, for instance, saw substantial support, reflecting the critical role of medical services during the pandemic. Similarly, small businesses in retail, hospitality, and manufacturing received significant assistance, highlighting the breadth of the program's reach.

Impact and Effectiveness

The effectiveness of the PPP in Ohio can be gauged by examining how well it helped businesses retain employees and sustain operations. According to various reports, the program succeeded in mitigating some of the severe impacts of the pandemic on Ohio's economy. Businesses that received PPP loans were generally able to maintain their workforce and continue operations, though the long-term effects on business viability and economic stability are still being evaluated.

Conclusion

The PPP was a vital lifeline for many businesses in Ohio, providing crucial financial support during a challenging period. The list of loan recipients offers valuable insights into how the funds were distributed and which sectors received the most support. As the state continues to recover from the pandemic, the impact of these loans will likely remain a topic of discussion and analysis.