Hanover, MD — PPP Loan Data

Hanover, Maryland received 922 Paycheck Protection Program loans totaling $153.1M. The average loan in the city was $166,068 — above the national program average of approximately $67,000.

91.0% of loans in Hanover — totaling $135.0M — 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 Hanover were ADFINITAS HEALTH, LLC ($7,807,985), PHILLIPS CORPORATION ($4,276,582), and MARYLAND PRIMARY CARE PHYSICIANS, LLC ($3,965,962).

The most active industry sector in Hanover was Accommodation and Food Services with 55 loans worth $4.6M, followed by Personal Care Services (53 loans).

Applicants in Hanover reported retaining 13,680 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.

Hanover 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.