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Variety of Ashtabula County businesses granted PPP funds

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Variety of Ashtabula County businesses granted PPP funds

Photo caption: Customers enter Mary’s Diner in Geneva on Friday afternoon. The establishment was one of many area businesses who particpated in the PPP loan program.

Overall, 96 businesses in Ashtabula County received PPP loans of between $150,000 to $10 million, according to data from ProPublica. The heaviest concentration of those loans was found in the city of Ashtabula, with 42 loans in the city. […]

PPP loans can be forgiven if at least 60 percent of the loan amount was spend on payroll for employees, and the business didn’t reduce the salaries or hourly wages by more than 25 percent, among other conditions set by the Small Business Administration. […]

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