Greater than 1,500 companies in Trumbull County obtained monetary assist of as much as $150,000 by way of the federal Paycheck Safety Program to maintain their workers working throughout the viral outbreak.
These corporations secured greater than $58 million in loans, used to save lots of practically 10,000 jobs, based on knowledge launched by the U.S. Small Enterprise Administration.
The loans ranged from sole proprietors to well-known corporations, the information reveals, and companies within the Warren space led the way in which with 739 loans permitted value about $27.Four million, saving 4,332 jobs.
The three corporations with the very best loans had been:
• Buena Vista Cafe, Inc., 1305 Buena Vista Ave. NE, $149,319, 25 jobs;
• CDAM Inc., 8543 Squires Lane, $145,457, 23 jobs;
• Gilanyi Engineering and Manufacturing, 5400 Oak Hill Drive NW, $145,300, 16 jobs.
Within the Niles space, greater than 1,500 jobs had been impacted by greater than $7.1 million in loans givens to 175 companies, the information reveals. The highest three mortgage quantities had been:
• $137,300 to Three C’s Inc., DBA Coates Automobile Care Specific, 59 Youngstown Warren Highway, 46 jobs;
• $137,200 to Grace Fellowship Church of Warren, 325 Youngstown Warren Highway, 11 jobs;
• $136,700 to 88 Mizu Japanese Restaurant Inc., 5555 Youngstown Warren Highway, 20 jobs.
This was the second launch of knowledge by the SBA, which in July disclosed enterprise names, addresses, ZIP codes, enterprise kind, demographic knowledge, nonprofit info, identify of lender, jobs supported and mortgage quantities for corporations that obtained loans between $150,000 and $10 million.
Additionally disclosed was less-detailed info on corporations that obtained loans as much as $150,000.
The newest launch for the lesser loans, nevertheless, disclosed the identical kind of data as earlier this 12 months for the upper loans. Additionally, the sooner launch for the higher loans had been in ranges: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million; and $5 million to $10 million. This disclosure, although, launched precise quantities for the upper quantity loans.
The Tribune Chronicle reviewed the information dumped by the federal authorities for Ohio, trying to find native corporations by neighborhood listed within the firm’s mailing deal with.
That evaluation additionally revealed corporations in all corners of Trumbull County obtained some kind of assist.
There have been about:
• 156 companies within the Cortland space that obtained about $5.1 million, impacting 953 jobs.
The highest two mortgage quantities had been $142,500, Over the Rainbow, 110 Windsor Drive, 54 jobs; and $138,250, Ainsley Oil Firm, Inc., 444 S. Mecca St., 13 jobs.
• 144 companies within the Girard space that obtained about $5.2 million, 664 jobs. The 2 best mortgage quantities had been $147,700 to Amex Dies Inc., 932 N. State St., 12 jobs; and $146,500 to Adam-Eve Sewer and Drain Service, Inc., 1180 Tibbets Wicks Highway, 11 jobs.
• 140 corporations within the Hubbard space that saved about 780 jobs with about $4.6 million in loans.
Right here, $147,250 was loaned to Northeast Medical Consulting, Inc., 57 W. Liberty St., which reported saving 12 jobs; and $139,600 was loaned to C.P. Sammarone Jr., D.O., Inc., 730 N. Major St., 19 jobs.
• 59 companies within the Newton Falls space reported saving about 350 jobs with about $1.7 million in mortgage funds.
On this space, Turnpike Market Specific LLC, 505 Braceville Robinson Highway was given $125,700 to save lots of 13 jobs; and Falls Meals Inc., 140 Superior St., was loaned $110,500 to save lots of 32 jobs.
• 25 companies in Kinsman obtained about $1 million to save lots of about 260 jobs.
Right here, the Richard B. and Rhonda M. Thompson Basis, a nonprofit group, 6639 state Route 87, was loaned $138,900 that impacted 27 jobs; and Diversified Transferring and Storage, 5915 Burnett East Highway, was loaned $103,300 to save lots of 9 jobs.
• 40 companies within the Brookfield space saved 270 jobs with about $1.eight million in loans. The 2 best mortgage quantities had been $143,975 to JJ Cafaro Funding Belief LLC, 6874 Strimbu Drive, eight jobs; and $142,600 to P&T Administration Firm, 7229 Warren Sharon Highway, 35 jobs.
• 219 jobs had been impacted within the Vienna space by 32 corporations that obtained about $1.2 million.
The 2 best mortgage quantities had been $118,855 to Elser Inc., 4357 Warren Sharon Highway, 20 jobs; and Bala Administration LLC, 972 Youngstown Kingsville Highway, 45 jobs.
• 22 companies within the Bristol space obtained about $750,000 to impression 105 jobs. In close by North Bloomfield, 15 companies reported saving about 85 jobs with about $370,000 in loans.
The very best mortgage within the Bristol space was $130,300 to Mahan Packing Co. 6540 state Route 45, 24 jobs; and the best quantity within the North Bloomfield space was $67,360 to Villers Superior Electrical, 4123 Kinsman Highway, 10 jobs.
• 16 corporations within the Southington space reported saving 51 jobs with about $481,000 in loans and 31 corporations in McDonald got loans totaling about $140,000, impacting 31 jobs.
Within the Southington space, Doll Lumber Firm, Inc., 1363 state Route 534, obtained essentially the most, $139,177, to save lots of 17 jobs; and in McDonald, the Studying Tree Preschool and Daycare LLC, 201 Ohio Ave., obtained $69,200 to save lots of 30 jobs.
— to www.tribtoday.com
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