Baltimore, MD — PPP Loan Data

Baltimore, Maryland received 22,857 Paycheck Protection Program loans totaling $1.80B. The average loan in the city was $78,707 — above the national program average of approximately $67,000.

88.6% of loans in Baltimore — totaling $1.71B — 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 Baltimore were YOUNG MEN'S CHRISTIAN ASSOCIATION ($9,114,000), M-L HOLDINGS CRANE GROUP, LLC ($8,769,900), and MILES & STOCKBRIDGE P.C. ($8,587,972).

The most active industry sector in Baltimore was Personal Care Services with 1,790 loans worth $34.7M, followed by Accommodation and Food Services (1,373 loans).

Applicants in Baltimore reported retaining 187,693 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.

Baltimore is part of Maryland, 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.