Sanford, NC — PPP Loan Data
1,229 loans · $89.1M total · 91.8% forgiven
Sanford, North Carolina received 1,229 Paycheck Protection Program loans totaling $89.1M. The average loan in the city was $72,462 — above the national program average of approximately $67,000.
91.8% of loans in Sanford — totaling $87.4M — 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 Sanford were FRONTIER YARNS, INC. ($9,099,187), SANFORD CONTRACTORS INC ($2,000,000), and MULTITECH MECHANICAL SUPPORT INC ($1,970,050).
The most active industry sector in Sanford was Personal Care Services with 64 loans worth $712,690, followed by Accommodation and Food Services (51 loans).
Applicants in Sanford reported retaining 11,943 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.
Sanford 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.
Top Industries in Sanford
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Personal Care ServicesNAICS 8121 | 64 | $712,690 | 85.9% |
| Accommodation and Food ServicesNAICS 7225 | 51 | $4.6M | 100.0% |
| Building Equipment ContractorsNAICS 2382 | 42 | $5.8M | 97.6% |
| Residential Building ConstructionNAICS 2361 | 42 | $1.2M | 95.2% |
| Services to Buildings and DwellingsNAICS 5617 | 41 | $750,713 | 78.0% |
| Offices of Other Health PractitionersNAICS 6213 | 34 | $1.4M | 97.1% |
| Automotive Repair and MaintenanceNAICS 8111 | 32 | $970,811 | 90.6% |
| Religious OrganizationsNAICS 8131 | 31 | $2.0M | 93.5% |
| Automobile DealersNAICS 4411 | 30 | $4.0M | 100.0% |
| Child Day Care ServicesNAICS 6244 | 25 | $830,064 | 88.0% |
Largest Named Recipients in Sanford
Only loans ≥ $150,000 have publicly disclosed borrower names.