Akron, OH — PPP Loan Data

Akron, Ohio received 9,145 Paycheck Protection Program loans totaling $622.2M. The average loan in the city was $68,040 — above the national program average of approximately $67,000.

84.4% of loans in Akron — totaling $588.1M — 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 Akron were THE SMITHERS GROUP, INC. ($6,149,577), ROETZEL & ANDRESS, A LEGAL PROFESSIONAL ASSOCIATION ($5,564,000), and J RAYL TRANSPORT, INC. & AFFILIATES ($4,674,720).

The most active industry sector in Akron was Personal Care Services with 1,005 loans worth $18.0M, followed by Services to Buildings and Dwellings (531 loans).

Applicants in Akron reported retaining 70,637 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.

Akron is part of Ohio, 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.