Independence, OH — PPP Loan Data

Independence, Ohio received 757 Paycheck Protection Program loans totaling $189.7M. The average loan in the city was $250,587 — above the national program average of approximately $67,000.

98.2% of loans in Independence — totaling $190.1M — 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 Independence were ALLIANCE SOLUTIONS GROUP, LLC ($10,000,000), INDEPENDENCE EXCAVATING, INC. ($10,000,000), and WELTMAN, WEINBERG & REIS CO., L.P.A. ($7,300,000).

The most active industry sector in Independence was Legal Services with 81 loans worth $13.2M, followed by Accommodation and Food Services (42 loans).

Applicants in Independence reported retaining 16,845 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.

Independence 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.