Fredericksburg, VA — PPP Loan Data

Fredericksburg, Virginia received 4,344 Paycheck Protection Program loans totaling $351.7M. The average loan in the city was $80,954 — above the national program average of approximately $67,000.

93.6% of loans in Fredericksburg — totaling $338.7M — 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 Fredericksburg were RAPPAHANNOCK ELECTRIC COOPERATIVE ($8,487,295), IOMAXIS, LLC ($3,584,800), and GLOBAL DIMENSIONS LLC ($3,357,150).

The most active industry sector in Fredericksburg was Accommodation and Food Services with 287 loans worth $21.6M, followed by Personal Care Services (272 loans).

Applicants in Fredericksburg reported retaining 41,789 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.

Fredericksburg 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.