Chapel hill, NC — PPP Loan Data

Chapel hill, North Carolina received 2,544 Paycheck Protection Program loans totaling $188.8M. The average loan in the city was $74,197 — above the national program average of approximately $67,000.

96.8% of loans in Chapel hill — totaling $181.2M — 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 Chapel hill were PIEDMONT HEALTH SERVICES, INC. ($4,642,270), OTGP MANAGMENT, LLC ($2,490,000), and TSI HEALTHCARE INC ($2,444,820).

The most active industry sector in Chapel hill was Accommodation and Food Services with 212 loans worth $26.9M, followed by Management, Scientific, and Technical Consulting Services (138 loans).

Applicants in Chapel hill reported retaining 24,444 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.

Chapel hill is part of North Carolina, 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.