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A major component of the 2 trillion dollar CARES Act was the Paycheck Protection Program.
The mission of the PPP was to help small businesses keep the lights on and their workers employed. Businesses in the state of Ohio were issued 140,278 loans for over $31,097,439,954 in PPP funds. Those funds secured 4,519,665 jobs.
The city of Cleveland itself had 116,308 jobs saved, thanks to a staggering $948,674,866 in loans. 78% of the funds were used for loans over $150,000.
What businesses got the lion share of loan funds? We analyzed the Small Business Administration data to see the companies that got the largest PPP payouts.
Below, we provide a full list of the 100 Cleveland companies that received the largest loans, but first here are the companies that received the most funds.
The Cleveland Companies That Received The Most PPP Funds
- American Bread Company LLC
- Constant Aviation LLC
- Mazzella Holding Company, Inc.
- Morrison Products, Inc.
- Cohen amp; Company, Ltd.
- Benesch, Friedlander, Coplan amp; Aronoff LLP
- The Original Mattress Factory, Inc.
- Conrad’s Tire Service, Inc.
- Tucker Ellis amp; West LLP
- Jergens Inc.
These companies received between 2-10 million dollars in PPP loans- and used the funds to retain more than 25,000 employees.
How We Determined The Companies That Received The Most PPP Loans In Cleveland
We scoured 4.8 million records released on loan level data from the Small Business Administration. We then narrowed it down to companies in Cleveland, Oh.
While loans less than $150,000 had an exact dollar amount, loans higher than $150,000 were sorted into ranges:
$5-10 million
$2-5 million
$1-2 million
$350,000-1 million
$150,000-350,000
For each range, we went with the lowest amount, since we can safely say they received at least that much. From there, we sorted each company secondarily by the number of jobs retained. So a company in the 5-10 million range that used their loan to secure 500 jobs would rank higher than one that only secured 100. Some companies have yet to submit the number of employees retained, as the deadline has not passed yet.
Detailed Ranking- The 100 Cleveland Companies That Received The Most PPP Funds
| Business Name | Loan Amount | Jobs Saved |
|---|---|---|
| AMERICAN BREAD COMPANY LLC | $5-10 million | 500 |
| CONSTANT AVIATION LLC | $5-10 million | 500 |
| MAZZELLA HOLDING COMPANY, INC. | $5-10 million | 500 |
| MORRISON PRODUCTS, INC. | $5-10 million | 500 |
| COHEN amp; COMPANY, LTD. | $5-10 million | 474 |
| BENESCH, FRIEDLANDER, COPLAN amp; ARONOFF LLP | $5-10 million | 470 |
| THE ORIGINAL MATTRESS FACTORY, INC. | $5-10 million | 450 |
| CONRAD’S TIRE SERVICE, INC. | $5-10 million | 431 |
| TUCKER ELLIS amp; WEST LLP | $5-10 million | 421 |
| JERGENS INC. | $5-10 million | 416 |
| SIFCO INDUSTRIES, INC. | $5-10 million | 401 |
| THE JAMES B. OSWALD COMPANY | $5-10 million | 394 |
| REMINGER CO, LPA | $5-10 million | 391 |
| MIDDOUGH CONSULTING INC. | $5-10 million | 389 |
| PRESRITE CORPORATION | $5-10 million | 387 |
| ZIN TECHNOLOGIES INC | $5-10 million | 359 |
| MAJESTIC STEEL USA, INC. | $5-10 million | 329 |
| ULMER amp; BERNE LLP | $5-10 million | 311 |
| THE MUSICAL ARTS ASSOCIATION | $5-10 million | 279 |
| MCDONALD HOPKINS LLC | $5-10 million | 250 |
| CONTINUUM OF CARE, INC. | $2-5 million | 500 |
| PLAYHOUSE SQUARE FOUNDATION | $2-5 million | 495 |
| JENNINGS CENTER FOR OLDER ADULTS | $2-5 million | 424 |
| AMERIMARK DIRECT LLC | $2-5 million | 402 |
| THE CLEVELAND MUSEUM OF ART | $2-5 million | 397 |
| REVENUE ASSISTANCE CORPORATION | $2-5 million | 394 |
| THE CLEVELAND INSTITUTE OF ART | $2-5 million | 393 |
| STEVENS ENGINEERS amp; CONSTRUCTORS, INC. | $2-5 million | 392 |
| NATIONAL SAFETY APPAREL, INC. | $2-5 million | 391 |
| LEGACY STAFFING, LLC | $2-5 million | 386 |
| YMCA OF GREATER CLEVELAND | $2-5 million | 378 |
| EXACTA LAND SURVEYORS LLC | $2-5 million | 370 |
| MCPC INC | $2-5 million | 369 |
| SKYLINE CM PORTFOLIO LLC | $2-5 million | 363 |
| MENTAL HEALTH SERVICES FOR HOMELESS PERSONS INC | $2-5 million | 360 |
| NEW AVENUES TO INDEPENDENCE INC | $2-5 million | 350 |
| ONE SOURCE TECHNOLOGY LLC | $2-5 million | 348 |
| SAINT IGNATIUS HIGH SCHOOL OF CLEVELAND | $2-5 million | 322 |
| AJAPPJR II, LLC | $2-5 million | 318 |
| THE NOTRE DAME COLLEGE | $2-5 million | 282 |
| THE MILLCRAFT PAPER COMPANY | $2-5 million | 258 |
| AMOTEC INC | $2-5 million | 250 |
| DONALD MARTENS amp; SONS AMBULANCE | $2-5 million | 250 |
| THE AMERICAN TANK amp; FABRICATING COMPANY | $2-5 million | 250 |
| THE ORLANDO BAKING COMPANY | $2-5 million | 250 |
| ETP INTERNATIONAL INC. | $2-5 million | 246 |
| MURTIS TAYLOR HUMAN SERVICES SYSTEM | $2-5 million | 241 |
| NORTHEAST OHIO NEIGHBORHOOD HEALTH SERVICES, INC. | $2-5 million | 240 |
| ELECTRONIC MERCHANT SYSTEMS, LLC | $2-5 million | 236 |
| PUBCO CORP | $2-5 million | 229 |
| VENDORS EXCHANGE INTERNATIONAL, INC. | $2-5 million | 225 |
| FABRIZI TRUCKING AND PAVING CO INC | $2-5 million | 211 |
| GREAT LAKES PETROLEUM CO. | $2-5 million | 210 |
| THE APEX PAPER BOX COMPANY | $2-5 million | 207 |
| CALFEE, HALTER amp; GRISWOLD LLP | $2-5 million | 206 |
| THE OSBORN ENGINEERING COMPANY | $2-5 million | 206 |
| MERIT BRASS CO. | $2-5 million | 205 |
| NEIGHBORHOOD HEALTH CARE | $2-5 million | 204 |
| SELMAN amp; COMPANY, LLC | $2-5 million | 194 |
| ANCHOR TOOL amp; DIE CO. | $2-5 million | 193 |
| ALBERT M. HIGLEY COMPANY, LLC | $2-5 million | 191 |
| MICELI DAIRY PRODUCTS COMPANY | $2-5 million | 191 |
| THE ROCK AND ROLL HALL OF FAME AND MUSEUM, INC. | $2-5 million | 191 |
| HAHN LOESER amp; PARKS LLP | $2-5 million | 190 |
| THE BREWER-GARRETT COMPANY | $2-5 million | 189 |
| MERITECH BLUE, INC. | $2-5 million | 188 |
| THE GREAT LAKES BREWING CO. | $2-5 million | 186 |
| FPC INTERNATIONAL, INC. | $2-5 million | 185 |
| VDHC, INC. | $2-5 million | 185 |
| CLEARWATER CONSTRUCTION, INC | $2-5 million | 183 |
| HILLCREST EGG AND CHEESE | $2-5 million | 182 |
| NOOK INDUSTRIES | $2-5 million | 178 |
| FREEWAY CORPORATION | $2-5 million | 176 |
| THE PRINCE amp; IZANT CO INC | $2-5 million | 170 |
| WALTER HAVERFIELD LLP | $2-5 million | 164 |
| ULLMAN ELECTRIC COMPANY | $2-5 million | 162 |
| MARCUS THOMAS, LLC. | $2-5 million | 160 |
| TRAVELERS ALLIANCE GROUP LLC | $2-5 million | 160 |
| BLUE JAY COMMUNICATIONS, INC. | $2-5 million | 155 |
| PAYMAX SERVICES, INC. | $2-5 million | 151 |
| THOMAS MARTIN | $2-5 million | 150 |
| CODONICS INC. | $2-5 million | 141 |
| LIFEBANC | $2-5 million | 138 |
| OHIO ALUMINUM INDUSTRIES INC | $2-5 million | 129 |
| MEADEN amp; MOORE MANAGEMENT LTD. | $2-5 million | 127 |
| THE HORSBURGH amp; SCOTT CO. | $2-5 million | 127 |
| PRESSCO TECHNOLOGY INC. | $2-5 million | 121 |
| TAZMANIAN FREIGHT FORWARDING INC | $2-5 million | 119 |
| KARPINSKI ENGINEERING INC. | $2-5 million | 118 |
| NORTH COAST CONTAINER, LLC | $2-5 million | 117 |
| NOVAGARD SOLUTIONS, INC. | $2-5 million | 114 |
| ALCON INDUSTRIES INC | $2-5 million | 105 |
| KAUFMAN CONTAINER COMPANY | $2-5 million | 104 |
| FRANK NOVAK amp; SONS, INC. | $2-5 million | 100 |
| DON SAXTON | $2-5 million | 92 |
| CLEARSTEAD ADVISORS, LLC | $2-5 million | 85 |
| HITCHCOCK CENTER FOR WOMEN | $2-5 million | 34 |
| BEACHWOOD SERVICES, INC | $2-5 million | 0 |
| CADILLAC FUNDING ASSOCIATES, LLC | $2-5 million | 0 |
| DNS FARM SERVICES, LLC | $2-5 million | 0 |
Related Topics
- Best Companies To Work For In Cleveland
- These Are The Highest Paying Jobs In Cleveland
- The States That Received The Most (And Least) PPE Funds
Author
Kathy is the head of content at Zippia with a knack for engaging audiences. Prior to joining Zippia, Kathy worked at Gateway Blend growing audiences across diverse brands. She graduated from Troy University with a degree in Social Science Education.
