Norfolk, VA — PPP Loan Data

Norfolk, Virginia received 5,585 Paycheck Protection Program loans totaling $474.4M. The average loan in the city was $84,937 — above the national program average of approximately $67,000.

88.6% of loans in Norfolk — totaling $450.7M — 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 Norfolk were COLONNA'S SHIP YARD, INCORPORATED ($10,000,000), EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDA ($7,976,600), and TP HOST LLC ($7,970,780).

The most active industry sector in Norfolk was Personal Care Services with 477 loans worth $10.0M, followed by Accommodation and Food Services (415 loans).

Applicants in Norfolk reported retaining 56,707 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.

Norfolk 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.