Colchester, VT — PPP Loan Data

Colchester, Vermont received 532 Paycheck Protection Program loans totaling $78.2M. The average loan in the city was $146,912 — above the national program average of approximately $67,000.

97.9% of loans in Colchester — totaling $78.2M — 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 Colchester were BOWL NEW ENGLAND, INC. ($4,237,800), HAZELETT STRIP-CASTING CORP. ($2,912,362), and PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND, INC. ($2,717,300).

The most active industry sector in Colchester was Residential Building Construction with 30 loans worth $4.1M, followed by Personal Care Services (18 loans).

Applicants in Colchester reported retaining 8,166 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.

Colchester is part of Vermont, 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.