Virginia beach, VA — PPP Loan Data

Virginia beach, Virginia received 11,987 Paycheck Protection Program loans totaling $940.5M. The average loan in the city was $78,461 — above the national program average of approximately $67,000.

92.8% of loans in Virginia beach — totaling $904.4M — 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 Virginia beach were BURGERBUSTERS INC ($10,000,000), CLARK NEXSEN INC ($7,449,500), and LGS MANAGEMENT GROUP INC ($5,843,900).

The most active industry sector in Virginia beach was Accommodation and Food Services with 904 loans worth $120.4M, followed by Personal Care Services (810 loans).

Applicants in Virginia beach reported retaining 119,793 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.

Virginia beach 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.