Berlin, CT — PPP Loan Data

Berlin, Connecticut received 624 Paycheck Protection Program loans totaling $76.1M. The average loan in the city was $121,904 — above the national program average of approximately $67,000.

95.7% of loans in Berlin — totaling $72.6M — 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 Berlin were THE BERLIN STEEL CONSTRUCTION COMPANY ($8,173,125), BUDNEY OVERHAUL & REPAIR, LTD. ($3,126,638), and RONALD AGOSTINO TRUST C/O WEBSTER BANK ($2,469,300).

The most active industry sector in Berlin was Personal Care Services with 37 loans worth $580,497, followed by Accommodation and Food Services (36 loans).

Applicants in Berlin reported retaining 8,259 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.

Berlin is part of Connecticut, 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.