Towson, MD — PPP Loan Data
2,240 loans · $203.1M total · 95.8% forgiven
Towson, Maryland received 2,240 Paycheck Protection Program loans totaling $203.1M. The average loan in the city was $90,649 — above the national program average of approximately $67,000.
95.8% of loans in Towson — totaling $199.2M — 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 Towson were PT NETWORK, LLC ($10,000,000), PUBLISHERS CIRCULATION FULFILLMENT INC ($3,857,500), and IMRE ($3,113,500).
The most active industry sector in Towson was Legal Services with 255 loans worth $19.8M, followed by Accommodation and Food Services (119 loans).
Applicants in Towson reported retaining 21,576 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.
Towson 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.
Top Industries in Towson
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Legal ServicesNAICS 5411 | 255 | $19.8M | 99.6% |
| Accommodation and Food ServicesNAICS 7225 | 119 | $12.4M | 96.6% |
| Offices of Other Health PractitionersNAICS 6213 | 113 | $14.5M | 96.5% |
| Personal Care ServicesNAICS 8121 | 98 | $6.8M | 88.8% |
| Offices of PhysiciansNAICS 6211 | 96 | $12.7M | 99.0% |
| Offices of DentistsNAICS 6212 | 82 | $7.3M | 98.8% |
| Other Professional, Scientific, and Technical ServicesNAICS 5419 | 73 | $6.4M | 94.5% |
| Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 73 | $4.3M | 95.9% |
| Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 71 | $5.6M | 100.0% |
| Taxi and Limousine ServiceNAICS 4853 | 47 | $471,523 | 85.1% |
Largest Named Recipients in Towson
Only loans ≥ $150,000 have publicly disclosed borrower names.