The Cleveland Businesses That Received The Most In PPP Loans

Kathy Morris
by Kathy Morris
Rankings - 1 month ago

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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

  1. American Bread Company LLC
  2. Constant Aviation LLC
  3. Mazzella Holding Company, Inc.
  4. Morrison Products, Inc.
  5. Cohen & Company, Ltd.
  6. Benesch, Friedlander, Coplan & Aronoff LLP
  7. The Original Mattress Factory, Inc.
  8. Conrad’s Tire Service, Inc.
  9. Tucker Ellis & West LLP
  10. 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 & COMPANY, LTD. $5-10 million 474
BENESCH, FRIEDLANDER, COPLAN & 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 & 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 & 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 & 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 & SONS AMBULANCE $2-5 million 250
THE AMERICAN TANK & 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 & 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 & COMPANY, LLC $2-5 million 194
ANCHOR TOOL & 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 & 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 & 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 & MOORE MANAGEMENT LTD. $2-5 million 127
THE HORSBURGH & 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 & 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

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