Morrisville, NC — PPP Loan Data

Morrisville, North Carolina received 1,219 Paycheck Protection Program loans totaling $178.7M. The average loan in the city was $146,584 — above the national program average of approximately $67,000.

95.0% of loans in Morrisville — totaling $176.4M — 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 Morrisville were JF ACQUISITION, LLC ($10,000,000), CLINIPACE, INC. ($4,837,100), and METABOLON, INC. ($4,329,600).

The most active industry sector in Morrisville was Accommodation and Food Services with 100 loans worth $9.5M, followed by Personal Care Services (86 loans).

Applicants in Morrisville reported retaining 17,269 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.

Morrisville 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.