Hickory, NC — PPP Loan Data

Hickory, North Carolina received 2,161 Paycheck Protection Program loans totaling $231.1M. The average loan in the city was $106,918 — above the national program average of approximately $67,000.

95.9% of loans in Hickory — totaling $228.8M — 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 Hickory were SHERRILL FURNITURE COMPANY ($9,540,578), LENOIR-RHYNE UNIVERISTY ($5,043,003), and SNYDER PAPER CORPORATION ($3,660,067).

The most active industry sector in Hickory was Accommodation and Food Services with 131 loans worth $15.4M, followed by Personal Care Services (117 loans).

Applicants in Hickory reported retaining 28,778 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.

Hickory 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.