Pennsylvania — PPP Loan Data
342,420 approved loans · $30.47B total · 93.1% forgiven
Pennsylvania ranked among the states receiving PPP assistance during the COVID-19 pandemic. In total, the SBA approved 342,420 loans totaling $30.47B to businesses and organizations across the state. The average loan size was $88,985.
Of all approved loans, 318,894 — or 93.1% — received SBA forgiveness totaling $29.73B. Forgiveness means the borrower was not required to repay that portion, having met the program's requirements for maintaining payroll and using funds for qualified expenses such as rent, utilities, and mortgage interest.
Among the largest recipients in Pennsylvania were SARGENT ELECTRIC COMPANY ($10,000,000), PRIMECARE MEDICAL, INC. ($10,000,000), and RYCON CONSTRUCTION, INC. ($10,000,000).
Borrowers in Pennsylvania reported retaining 3,322,752 jobs through the program, though job counts are self-reported and were not independently verified at the time of application. The state's businesses spanned a wide range of industries, from construction and hospitality to professional services and health care.
The most active industry in Pennsylvania by loan count was Personal Care Services with 19,030 loans totaling $460.0M. This was followed by Accommodation and Food Services (18,058 loans).
The most active lender in Pennsylvania was PNC BANK, which originated 22,435 loans worth $3.49B. The top 10 lenders collectively handled a significant portion of the state's total loan volume, reflecting the role of large national banks as primary conduits for PPP funds.
Loans under $150,000 — which make up the majority of loan count — have borrower names withheld under FOIA Exemption 6. Only the approximately 0.0% of loans at or above that threshold have named recipients publicly disclosed.
Top Cities in Pennsylvania
| City | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| PHILADELPHIA | 58,740 | $3.59B | 84.1% |
| PITTSBURGH | 20,185 | $2.24B | 93.7% |
| ALLENTOWN | 5,132 | $474.6M | 89.6% |
| LANCASTER | 5,126 | $599.5M | 95.1% |
| HARRISBURG | 4,953 | $547.0M | 92.9% |
| ERIE | 4,043 | $439.2M | 93.5% |
| YORK | 4,006 | $436.7M | 94.1% |
| READING | 3,820 | $410.8M | 89.5% |
| WEST CHESTER | 3,482 | $345.3M | 97.1% |
| BETHLEHEM | 2,967 | $304.0M | 93.5% |
| SCRANTON | 2,233 | $237.7M | 94.6% |
| EASTON | 2,133 | $156.1M | 93.2% |
| DOYLESTOWN | 2,120 | $183.4M | 97.8% |
| MECHANICSBURG | 2,036 | $278.3M | 97.3% |
| UPPER DARBY | 1,967 | $75.7M | 86.3% |
| NORRISTOWN | 1,854 | $153.4M | 90.7% |
| BENSALEM | 1,787 | $232.2M | 94.2% |
| STATE COLLEGE | 1,651 | $217.5M | 97.9% |
| MEDIA | 1,574 | $134.6M | 97.1% |
| JOHNSTOWN | 1,556 | $145.5M | 96.2% |
| GREENSBURG | 1,548 | $152.7M | 97.8% |
| POTTSTOWN | 1,537 | $126.5M | 92.6% |
| NEWTOWN | 1,495 | $181.7M | 98.3% |
| WAYNE | 1,464 | $176.8M | 97.7% |
| KING OF PRUSSIA | 1,432 | $287.9M | 94.8% |
Top Industries
| Industry | Loans | Total |
|---|---|---|
| Personal Care Services | 19,030 | $460.0M |
| Accommodation and Food Services | 18,058 | $1.61B |
| Residential Building Construction | 10,709 | $457.5M |
| Services to Buildings and Dwellings | 9,833 | $451.1M |
| Management, Scientific, and Technical Consulting Services | 9,300 | $601.0M |
| Automotive Repair and Maintenance | 7,841 | $342.9M |
| Offices of Other Health Practitioners | 7,719 | $400.0M |
| Taxi and Limousine Service | 7,416 | $92.1M |
| Building Equipment Contractors | 7,355 | $1.10B |
| Legal Services | 7,098 | $722.4M |
Top Lenders
| Lender | Loans | Total |
|---|---|---|
| PNC BANK | 22,435 | $3.49B |
| CITIZENS BANK | 20,150 | $1.60B |
| FIRST NATIONAL BANK OF PENNSYLVANIA | 16,182 | $1.93B |
| PRESTAMOS CDFI | 13,674 | $208.7M |
| TD BANK | 12,466 | $1.22B |
| FULTON BANK | 10,713 | $1.76B |
| HARVEST SMALL BUSINESS FINANCE | 8,991 | $159.2M |
| FIRST COMMONWEALTH BANK | 8,492 | $825.1M |
| CAPITAL PLUS FINANCIAL | 8,469 | $123.3M |
| MANUFACTURERS AND TRADERS TRUST | 8,263 | $1.43B |
Largest Named Recipients in Pennsylvania
Showing loans ≥ $150,000 with publicly disclosed borrower names.