Bethesda, MD — PPP Loan Data

Bethesda, Maryland received 4,272 Paycheck Protection Program loans totaling $502.3M. The average loan in the city was $117,584 — above the national program average of approximately $67,000.

96.5% of loans in Bethesda — totaling $488.5M — 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 Bethesda were CENTERS FOR ADVANCED ENT CARE, LLC ($5,682,013), FIDELIS CYBERSECURITY, INC. ($4,679,190), and INFORMATION SYSTEMS AND NETWORKS CORPORATION ($3,923,283).

The most active industry sector in Bethesda was Management, Scientific, and Technical Consulting Services with 354 loans worth $36.7M, followed by Offices of Real Estate Agents and Brokers (210 loans).

Applicants in Bethesda reported retaining 42,088 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.

Bethesda 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.