Raleigh, NC — PPP Loan Data

Raleigh, North Carolina received 19,901 Paycheck Protection Program loans totaling $1.74B. The average loan in the city was $87,458 — above the national program average of approximately $67,000.

92.3% of loans in Raleigh — totaling $1.70B — 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 Raleigh were SPECTRAFORCE TECHNOLOGIES, INC ($10,000,000), THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA I ($9,119,692), and LMR LLC ($8,692,300).

The most active industry sector in Raleigh was Personal Care Services with 1,521 loans worth $36.9M, followed by Accommodation and Food Services (943 loans).

Applicants in Raleigh reported retaining 197,949 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.

Raleigh 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.