Covington, LA — PPP Loan Data
2,918 loans · $225.2M total · 94.9% forgiven
Covington, Louisiana received 2,918 Paycheck Protection Program loans totaling $225.2M. The average loan in the city was $77,180 — above the national program average of approximately $67,000.
94.9% of loans in Covington — totaling $221.5M — 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 Covington were RAIN CII CARBON LLC ($6,248,002), GILSBAR HOLDINGS, LLC ($5,554,552), and GLOBALSTAR, INC. ($4,973,400).
The most active industry sector in Covington was Legal Services with 154 loans worth $6.9M, followed by Accommodation and Food Services (144 loans).
Applicants in Covington reported retaining 26,884 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.
Covington is part of Louisiana, 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.
Top Industries in Covington
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Legal ServicesNAICS 5411 | 154 | $6.9M | 96.8% |
| Accommodation and Food ServicesNAICS 7225 | 144 | $14.9M | 97.2% |
| Offices of PhysiciansNAICS 6211 | 133 | $14.3M | 98.5% |
| Personal Care ServicesNAICS 8121 | 121 | $2.3M | 90.1% |
| Services to Buildings and DwellingsNAICS 5617 | 107 | $4.0M | 81.3% |
| Residential Building ConstructionNAICS 2361 | 97 | $5.2M | 95.9% |
| Offices of Other Health PractitionersNAICS 6213 | 88 | $5.2M | 100.0% |
| Other Professional, Scientific, and Technical ServicesNAICS 5419 | 79 | $6.4M | 97.5% |
| Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 76 | $7.5M | 92.1% |
| Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 75 | $1.7M | 98.7% |
Largest Named Recipients in Covington
Only loans ≥ $150,000 have publicly disclosed borrower names.