Chesapeake, VA — PPP Loan Data

Chesapeake, Virginia received 5,543 Paycheck Protection Program loans totaling $447.1M. The average loan in the city was $80,666 — above the national program average of approximately $67,000.

91.9% of loans in Chesapeake — totaling $436.0M — 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 Chesapeake were TECNICO CORPORATION ($10,000,000), BAYVIEW PHYSICIAN SERVICES PC ($6,498,200), and NORFOLK DREDGING COMPANY ($4,938,700).

The most active industry sector in Chesapeake was Personal Care Services with 385 loans worth $7.7M, followed by Accommodation and Food Services (272 loans).

Applicants in Chesapeake reported retaining 53,535 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.

Chesapeake is part of Virginia, 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.