Saginaw, MI — PPP Loan Data
4,312 loans · $342.5M total · 88.1% forgiven
Saginaw, Michigan received 4,312 Paycheck Protection Program loans totaling $342.5M. The average loan in the city was $79,430 — above the national program average of approximately $67,000.
88.1% of loans in Saginaw — totaling $328.1M — 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 Saginaw were MORLEY COMPANIES, INCORPORATED ($10,000,000), DURO-LAST INC ($8,930,292), and MERRILL FABRICATORS INC ($5,886,000).
The most active industry sector in Saginaw was Personal Care Services with 659 loans worth $12.2M, followed by Services to Buildings and Dwellings (178 loans).
Applicants in Saginaw reported retaining 36,028 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.
Saginaw 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 Saginaw
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Personal Care ServicesNAICS 8121 | 659 | $12.2M | 80.6% |
| Services to Buildings and DwellingsNAICS 5617 | 178 | $6.7M | 79.2% |
| Accommodation and Food ServicesNAICS 7225 | 135 | $10.0M | 93.3% |
| Offices of PhysiciansNAICS 6211 | 124 | $13.7M | 98.4% |
| Child Day Care ServicesNAICS 6244 | 119 | $2.2M | 88.2% |
| Residential Building ConstructionNAICS 2361 | 115 | $3.9M | 87.8% |
| Clothing and Clothing Accessories RetailersNAICS 4481 | 105 | $2.0M | 83.8% |
| Home Health Care ServicesNAICS 6216 | 90 | $6.2M | 86.7% |
| Other Personal ServicesNAICS 8129 | 88 | $1.4M | 77.3% |
| Automotive Repair and MaintenanceNAICS 8111 | 86 | $2.9M | 89.5% |
Largest Named Recipients in Saginaw
Only loans ≥ $150,000 have publicly disclosed borrower names.