Laurel, MD — PPP Loan Data

Laurel, Maryland received 4,372 Paycheck Protection Program loans totaling $246.7M. The average loan in the city was $56,421 — above the national program average of approximately $67,000.

88.7% of loans in Laurel — totaling $229.5M — 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 Laurel were D.A.C. ACQUISITION COMPANY, LLC ($9,221,000), KARON MASONRY OF MARYLAND, INC. ($6,005,642), and BUCH CONSTRUCTION, INC. ($4,119,002).

The most active industry sector in Laurel was Personal Care Services with 351 loans worth $5.3M, followed by Taxi and Limousine Service (305 loans).

Applicants in Laurel reported retaining 28,253 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.

Laurel 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.