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 2020 in ZIP Code 45365
| Name of Borrower | Current Approved Amount |
|---|---|
| Area Energy & Electric, Inc. | $6,131,388 |
| Fergsuon Construction Company | $4,413,900 |
| Sidney Electric Company, Inc. | $3,713,124 |
| Dickman Supply, Inc. | $2,262,600 |
| Robert Zangri | $2,255,450 |
| Kirk Nationalease Company | $2,060,007 |
| Eagle Bridge Company | $1,693,410 |
| Usac Ross, LLC | $984,100 |
| Choice One Engineering Corporation | $957,247 |
| Everyday Technologies, Inc. | $827,815 |
| Amos Media Company | $745,360 |
| Lochard, Inc. | $737,468 |
| Clean All Services, Inc. | $736,076 |
| Power Solutions Group, Ltd. | $706,559 |
| Slagle Mechanical Contractors, Inc. | $700,000 |
| Thermoseal, Inc. | $697,100 |
| Ivex Protective Packaging, Inc. | $693,900 |
| Sollmann Electric Company | $688,200 |
| Primary Eyecare Associates | $550,760 |
| Reliable Electrical Mechanical Services, Inc. | $497,616 |
| Mccrate, Delaet & Company | $479,220 |
| Wappoo Wood Products, Inc. | $464,840 |
| Buckeye Ford Sidney, LLC | $445,700 |
| Air Handling Equipment, Inc. | $436,285 |
| Shaffer Metal Fab, Inc. | $430,000 |
| Faulkner, Garmhausen, Keister & Schenk, a Legal Professional | $424,700 |
| Mechanical Galv-Plating Corporation | $401,746 |
| Sidney Transportation Services, LLC | $397,400 |
| Western Ohio Mortgage Corporation | $378,070 |
| Valleye Eye Institute, Inc. | $377,778 |
| Dan Hemm Chevrolet Buick GMC Cadillac, Inc. | $374,650 |
| Detailed Machining, Inc. | $369,900 |
| Sidney Dental Associates, Inc. | $353,612 |
| Quality Steel Fabrication, Inc. | $353,000 |
| The Young Men's Christian Association of Sidney and Shelby C | $347,146 |
| SMT Industries, Inc. | $343,872 |
| Lehman High School | $331,507 |
| Utility Solutions Midwest Division, LLC | $316,500 |
| Irish Acres Dairy, LLC | $304,052 |
| Sidney Manufacturing Company | $294,700 |
| Community Insurance Group, Ltd. | $294,210 |
| MK Trempe Corporation | $283,500 |
| AMP Microcomputer, Inc. | $281,069 |
| Victory Machine & Fab, LLC | $278,000 |
| Lisa Alvetro, MSD, Inc., D.D.S. | $273,782 |
| Sidney SNF, Inc. | $265,000 |
| Sankyo America, Inc. | $262,900 |
| Holy Angels Church | $252,773 |
| 1157 Design Concepts, LLC | $243,300 |
| Monnier & Company Cpa's | $238,787 |
| Freisthler Paving, Inc. | $229,000 |
| Charles J. Edelen, Inc., D.D.S. | $209,381 |
| Eye Care and Surgery Associates, Inc. | $202,230 |
| Monarch Lathes L P | $195,600 |
| S&H Products | $195,200 |
| Westerheide Construction Company | $186,382 |
| H. B. Products, Inc. | $169,848 |
| Helman Bros., Inc. | $167,042 |
| ECK Refrigeration, Inc. | $164,595 |
| First Call Auto Supply, Inc. | $162,500 |
| Sidney Body Carstar, LLC | $158,690 |
| Freytag & Associates | $155,700 |
| The Spot of Sidney, Inc. | $148,402 |
| A & B Machine, Inc. | $146,545 |
| Hemmelgarn Services, Inc. | $146,313 |
| Christian Academy Schools | $143,587 |
| Dan Hemm Chrysler Plymouth Dodge, Inc. | $142,543 |
| Selmco Metal Fabricators, Inc. | $142,020 |
| Goffena Furniture, Inc. | $141,960 |
| Elsass, Wallace, Evans & Companya., L.P. | $138,181 |
| Laserfab Technologies, Inc. | $137,500 |
| Crale Builders, Inc. | $131,355 |
| Industrial Recyclers, LLC | $127,700 |
| Eightks Enterprises, Inc. | $127,599 |
| D & L Sales-Sidney, LLC | $125,995 |
| S & S Management, Inc. | $124,402 |
| J. R. Edwards Concrete Company | $123,630 |
| Sidney First Church of the Nazarene | $119,171 |
| Community Veterinary Clinic, Inc. | $114,000 |
| Efrain Quezada | $109,600 |
| Sidney Tire, Inc. | $106,448 |
| Roe Transportation Enterprises, Inc. | $106,320 |
| Tavolo, LLC | $105,700 |
| Sell, Hegemann & Zimmerman Companya., L.P. | $104,500 |
| D & E Pizza & Subs, Inc. | $104,492 |
| Low Voltage Solutions, Inc. | $102,560 |
| Sidney Warehousing, Inc. | $102,217 |
| Clear Creek Farm | $100,100 |
| Jason Weigandt Landscape Company | $98,543 |
| DR. William Lee Huskey, Village Green Dental Professi, D.D.S. | $95,948 |
| Bunnys Pharmacy, Inc. | $95,827 |
| AL's Pizza, Inc. | $93,674 |
| Cover Crop Shop, LLC | $93,525 |
| Metal Finishers, Inc. | $92,995 |
| J. R. Edwards Construction, LLC | $92,515 |
| Wayne Truck and Trailer, Ltd. | $92,437 |
| Hilliard Hotels, LLC | $91,500 |
| Damar Products, Inc. | $90,038 |
| Sidney First United Methodist Church | $87,700 |
| Best One Tire of Sidney, Inc. | $83,133 |
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