Canton, MI — PPP Loan Data
2,279 loans · $155.7M total · 91.1% forgiven
Canton, Michigan received 2,279 Paycheck Protection Program loans totaling $155.7M. The average loan in the city was $68,308 — above the national program average of approximately $67,000.
91.1% of loans in Canton — totaling $148.7M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.
Among the largest disclosed recipients in Canton were VICTORY AUTOMOTIVE GROUP, LLC ($6,282,362), NEW STAR METALS INC ($5,501,500), and RELIABLE CARRIERS, INC ($4,675,000).
The most active industry sector in Canton was Personal Care Services with 162 loans worth $4.0M, followed by Accommodation and Food Services (122 loans).
Applicants in Canton reported retaining 18,885 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.
Canton is part of Michigan, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.
Top Industries in Canton
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Personal Care ServicesNAICS 8121 | 162 | $4.0M | 81.5% |
| Accommodation and Food ServicesNAICS 7225 | 122 | $8.8M | 94.3% |
| General Freight TruckingNAICS 4841 | 93 | $11.3M | 94.6% |
| Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 88 | $1.8M | 89.8% |
| Services to Buildings and DwellingsNAICS 5617 | 72 | $3.0M | 83.3% |
| Offices of Other Health PractitionersNAICS 6213 | 64 | $1.9M | 96.9% |
| Offices of DentistsNAICS 6212 | 51 | $5.5M | 98.0% |
| Residential Building ConstructionNAICS 2361 | 51 | $1.6M | 90.2% |
| Other Personal ServicesNAICS 8129 | 49 | $865,619 | 79.6% |
| Offices of PhysiciansNAICS 6211 | 49 | $3.1M | 100.0% |
Largest Named Recipients in Canton
Only loans ≥ $150,000 have publicly disclosed borrower names.