New britain, CT — PPP Loan Data

New britain, Connecticut received 1,444 Paycheck Protection Program loans totaling $116.0M. The average loan in the city was $80,364 — above the national program average of approximately $67,000.

90.8% of loans in New britain — totaling $114.0M — 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 New britain were CREED MONARCH INC. ($3,730,610), COMMUNITY MENTAL HEALTH AFFILIATES, INC. ($3,488,137), and POLAMER PRECISION INC ($3,480,822).

The most active industry sector in New britain was Accommodation and Food Services with 82 loans worth $3.5M, followed by Personal Care Services (74 loans).

Applicants in New britain reported retaining 12,155 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.

New britain 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.