Wake forest, NC — PPP Loan Data

Wake forest, North Carolina received 1,932 Paycheck Protection Program loans totaling $101.6M. The average loan in the city was $52,566 — above the national program average of approximately $67,000.

95.6% of loans in Wake forest — totaling $99.0M — 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 Wake forest were SOUTHEASTERN BAPTIST THEOLOGICAL SEMINARY INC ($3,509,900), CAPITAL CHEVROLET, INC. ($1,829,501), and SOUTHERN LITHOPLATE INC ($1,265,248).

The most active industry sector in Wake forest was Personal Care Services with 126 loans worth $2.1M, followed by Accommodation and Food Services (106 loans).

Applicants in Wake forest reported retaining 13,975 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.

Wake forest 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.