Hagerstown, MD — PPP Loan Data

Hagerstown, Maryland received 2,354 Paycheck Protection Program loans totaling $219.9M. The average loan in the city was $93,423 — above the national program average of approximately $67,000.

93.6% of loans in Hagerstown — totaling $217.5M — 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 Hagerstown were BROOK LANE HEALTH SERVICES INC ($5,039,765), ARC OF WASHINGTON COUNTY, INC. ($4,353,800), and KR CONTRACTING, INC ($2,957,857).

The most active industry sector in Hagerstown was Accommodation and Food Services with 135 loans worth $14.3M, followed by Personal Care Services (126 loans).

Applicants in Hagerstown reported retaining 25,745 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.

Hagerstown 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.