Elkridge, MD — PPP Loan Data

Elkridge, Maryland received 1,145 Paycheck Protection Program loans totaling $142.1M. The average loan in the city was $124,072 — above the national program average of approximately $67,000.

92.0% of loans in Elkridge — totaling $138.6M — 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 Elkridge were LEMEK LLC ($10,000,000), NB&C MASTER HOLDCO LLC ($8,119,500), and NEWWAVE TELECOM AND TECHNOLOGIES, INC. ($5,445,782).

The most active industry sector in Elkridge was Personal Care Services with 70 loans worth $1.1M, followed by Management, Scientific, and Technical Consulting Services (54 loans).

Applicants in Elkridge reported retaining 13,836 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.

Elkridge 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.