Toledo, OH — PPP Loan Data

Toledo, Ohio received 12,873 Paycheck Protection Program loans totaling $793.5M. The average loan in the city was $61,639 — above the national program average of approximately $67,000.

78.8% of loans in Toledo — totaling $737.7M — 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 Toledo were TOLEDO CLINIC, INC. ($10,000,000), SHUMAKER, LOOP & KENDRICK, LLP ($9,330,000), and HEIDTMAN STEEL PRODUCTS INC. ($8,867,900).

The most active industry sector in Toledo was Personal Care Services with 1,723 loans worth $29.0M, followed by Other Personal Services (1,382 loans).

Applicants in Toledo reported retaining 83,819 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.

Toledo 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.