Springdale, AR — PPP Loan Data

Springdale, Arkansas received 2,542 Paycheck Protection Program loans totaling $196.3M. The average loan in the city was $77,241 — above the national program average of approximately $67,000.

96.7% of loans in Springdale — totaling $194.3M — 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 Springdale were MCC GROUP HOLDINGS, INC. ($10,000,000), MATHEWS MANAGEMENT CO ($6,405,300), and JV MANUFACTURING INC. ($3,351,000).

The most active industry sector in Springdale was Accommodation and Food Services with 132 loans worth $21.1M, followed by Services to Buildings and Dwellings (115 loans).

Applicants in Springdale reported retaining 23,555 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.

Springdale is part of Arkansas, 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.