Montpelier, VT — PPP Loan Data

Montpelier, Vermont received 604 Paycheck Protection Program loans totaling $41.2M. The average loan in the city was $68,151 — above the national program average of approximately $67,000.

98.2% of loans in Montpelier — totaling $40.3M — 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 Montpelier were HUNGER MOUNTAIN COOPERATIVE INC. ($1,251,837), VERMONT COLLEGE OF FINE ARTS ($1,214,000), and VERMONT LAND TRUST ($806,500).

The most active industry sector in Montpelier was Offices of Other Health Practitioners with 45 loans worth $1.0M, followed by Personal Care Services (38 loans).

Applicants in Montpelier reported retaining 4,866 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.

Montpelier 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.