Frederick, MD — PPP Loan Data

Frederick, Maryland received 4,315 Paycheck Protection Program loans totaling $443.1M. The average loan in the city was $102,697 — above the national program average of approximately $67,000.

95.5% of loans in Frederick — totaling $437.2M — 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 Frederick were CAREY INTERNATIONAL, INC. ($8,718,553), SERVICE COORDINATION, INC ($6,340,000), and R W WARNER INC ($3,329,040).

The most active industry sector in Frederick was Accommodation and Food Services with 262 loans worth $35.5M, followed by Personal Care Services (217 loans).

Applicants in Frederick reported retaining 48,937 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.

Frederick 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.