Norwalk, CT — PPP Loan Data

Norwalk, Connecticut received 4,126 Paycheck Protection Program loans totaling $357.2M. The average loan in the city was $86,564 — above the national program average of approximately $67,000.

96.0% of loans in Norwalk — totaling $348.4M — 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 Norwalk were R.T. VANDERBILT HOLDING COMPANY, INC. ($8,133,895), MERRITT HOSPITALITY, LLC ($5,392,500), and ATLANTIC COAST ENTERPRISES, LLC ($4,827,730).

The most active industry sector in Norwalk was Accommodation and Food Services with 272 loans worth $22.2M, followed by Management, Scientific, and Technical Consulting Services (177 loans).

Applicants in Norwalk reported retaining 33,655 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.

Norwalk 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.