District of Columbia — PPP Loan Data

District of Columbia ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 29,520 loans totaling $3.30B to businesses and organizations across the state. The average loan size was $111,730.

Of all approved loans, 26,577 — or 90.0% — received SBA forgiveness totaling $3.12B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.

Among the largest recipients in District of Columbia were CAVA MEZZE GRILL, LLC ($10,000,000), AMERICAN COLLEGE OF CARDIOLOGY FOUNDATION ($10,000,000), and WILLIAM C. SMITH & CO. INC. ($9,026,082).

Borrowers in District of Columbia reported retaining 292,325 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.

The most active industry in District of Columbia by loan count was Accommodation and Food Services with 2,194 loans totaling $401.1M. This was followed by Management, Scientific, and Technical Consulting Services (1,991 loans).

The most active lender in District of Columbia was BANK OF AMERICA, which originated 2,478 loans worth $301.5M. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.

Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.1% of loans at or above that threshold have named recipients publicly disclosed.