Newport, VT — PPP Loan Data
266 loans · $22.8M total · 98.1% forgiven
Newport, Vermont received 266 Paycheck Protection Program loans totaling $22.8M. The average loan in the city was $85,571 — above the national program average of approximately $67,000.
98.1% of loans in Newport — totaling $22.8M — 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 Newport were NORTHEAST KINGDOM HUMAN SERVICES ($3,987,300), GALVION BALLISTICS LTD. ($2,211,700), and POULIN GRAIN, INC. ($1,400,000).
The most active industry sector in Newport was Accommodation and Food Services with 19 loans worth $1.8M, followed by Personal Care Services (15 loans).
Applicants in Newport reported retaining 2,910 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.
Newport 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.
Top Industries in Newport
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Accommodation and Food ServicesNAICS 7225 | 19 | $1.8M | 100.0% |
| Personal Care ServicesNAICS 8121 | 15 | $197,242 | 100.0% |
| Offices of Other Health PractitionersNAICS 6213 | 12 | $863,423 | 100.0% |
| Services to Buildings and DwellingsNAICS 5617 | 11 | $278,327 | 100.0% |
| Building Equipment ContractorsNAICS 2382 | 9 | $680,183 | 100.0% |
| Automotive Repair and MaintenanceNAICS 8111 | 8 | $261,073 | 100.0% |
| Automobile DealersNAICS 4411 | 8 | $656,554 | 100.0% |
| Residential Building ConstructionNAICS 2361 | 8 | $220,671 | 100.0% |
| Other Professional, Scientific, and Technical ServicesNAICS 5419 | 7 | $184,622 | 100.0% |
| Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 7 | $291,661 | 100.0% |
Largest Named Recipients in Newport
Only loans ≥ $150,000 have publicly disclosed borrower names.