Marysville, MI — PPP Loan Data
174 loans · $30.7M total · 96.0% forgiven
Marysville, Michigan received 174 Paycheck Protection Program loans totaling $30.7M. The average loan in the city was $176,641 — above the national program average of approximately $67,000.
96.0% of loans in Marysville — totaling $20.8M — 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 Marysville were SMR AUTOMOTIVE SYSTEMS USA, INC. ($10,000,000), HEARTLAND STEEL HOLDINGS, LLC ($4,652,700), and BTM HOLDING COMPANY LLC ($1,890,500).
The most active industry sector in Marysville was Accommodation and Food Services with 24 loans worth $1.5M, followed by Offices of Other Health Practitioners (10 loans).
Applicants in Marysville reported retaining 2,989 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.
Marysville 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 Marysville
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Accommodation and Food ServicesNAICS 7225 | 24 | $1.5M | 95.8% |
| Offices of Other Health PractitionersNAICS 6213 | 10 | $171,493 | 100.0% |
| Personal Care ServicesNAICS 8121 | 9 | $82,166 | 100.0% |
| Automotive Repair and MaintenanceNAICS 8111 | 8 | $228,250 | 100.0% |
| Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 8 | $175,892 | 100.0% |
| Residential Building ConstructionNAICS 2361 | 7 | $239,832 | 100.0% |
| Other Personal ServicesNAICS 8129 | 6 | $55,076 | 100.0% |
| ManufacturingNAICS 3339 | 6 | $526,458 | 100.0% |
| Building Equipment ContractorsNAICS 2382 | 5 | $236,200 | 100.0% |
| Child Day Care ServicesNAICS 6244 | 4 | $91,078 | 100.0% |
Largest Named Recipients in Marysville
Only loans ≥ $150,000 have publicly disclosed borrower names.