Sykesville, MD — PPP Loan Data

Sykesville, Maryland received 685 Paycheck Protection Program loans totaling $64.0M. The average loan in the city was $93,461 — above the national program average of approximately $67,000.

95.5% of loans in Sykesville — totaling $63.1M — 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 Sykesville were GSE SYSTEMS, INC. ($10,000,000), MT LANEY COMPANY INC ($2,699,200), and CHARLES A. KLEIN & SONS, INC. ($1,754,110).

The most active industry sector in Sykesville was Residential Building Construction with 52 loans worth $2.7M, followed by Accommodation and Food Services (37 loans).

Applicants in Sykesville reported retaining 6,256 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.

Sykesville 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.