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PPP Loans in North Carolina

258,993 loans worth $17.7B went to businesses and nonprofits in North Carolina in 2020 and 2021, supporting 2,225,006 reported jobs.

Loans
258,993
Program ran 2020 to 2021
Total approved
$17.7B
Average $68,194
Jobs reported
2,225,006
Forgiven
$17.2B
97% of approved

Search PPP loans

Look up a business by name, or list every loan in a ZIP code.

PPP loans by county in North Carolina

By borrower ZIP code, largest first

Swipe the table sideways to see more columns.

#CountyLoansAmountJobs reported
1Mecklenburg County44,046$3B343,244
2Wake County34,303$2.7B311,647
3Guilford County16,065$1.2B144,735
4Forsyth County8,723$690M87,406
5Buncombe County8,673$635M78,910
6Durham County8,456$628M69,429
7New Hanover County7,834$543M73,970
8Cumberland County7,598$390M53,537
9Iredell County4,700$355M42,614
10Catawba County3,458$339M41,460
11Union County5,867$327M40,683
12Gaston County4,125$301M37,545
13Davidson County4,173$300M37,424
14Cabarrus County5,121$287M37,222
15Alamance County3,539$264M33,765
16Pitt County4,219$253M35,931
17Randolph County3,106$249M33,393
18Orange County2,971$203M25,817
19Rowan County2,461$192M23,097
20Henderson County2,604$181M24,486
21Johnston County3,177$165M21,980
22Moore County2,089$161M21,884
23Wilson County1,981$144M19,822
24Onslow County2,828$141M20,692
25Chatham County2,115$136M18,124
26Nash County2,048$136M18,498
27Brunswick County2,486$134M19,893
28Sampson County1,901$116M15,970
29Dare County1,865$113M17,810
30Harnett County2,393$113M16,599
31Cleveland County1,786$113M14,846
32Surry County1,297$110M14,470
33Carteret County1,873$110M17,513
34Wayne County1,782$107M14,237
35Lincoln County1,711$106M13,165
36Burke County1,048$103M13,213
37Watauga County1,714$102M17,871
38Robeson County1,869$99M15,185
39Lenoir County1,406$94.7M11,206
40Lee County1,217$88M11,720
41Stanly County1,156$86.8M11,087
42Caldwell County1,012$78.5M10,638
43Rockingham County1,453$76M11,044
44Jones County958$69M8,568
45Beaufort County1,124$67.6M9,653
46Haywood County1,175$65.7M10,280
47Duplin County1,469$63.8M8,902
48Franklin County1,111$60.1M7,570
49Rutherford County900$59.4M8,337
50Halifax County973$58.2M7,490
51Pamlico County782$57.6M8,315
52Wilkes County868$53.3M7,730
53Edgecombe County1,224$52.8M7,783
54Granville County859$50.1M6,387
55Jackson County826$47.7M7,123
56Pender County1,021$47.7M6,498
57Pasquotank County870$47.2M7,013
58Macon County933$46.9M7,261
59Vance County913$46.5M6,789
60Davie County825$46.1M6,409
61Transylvania County710$45.2M7,704
62Columbus County838$44.4M7,077
63Montgomery County509$37.6M5,171
64Alexander County440$37.6M5,216
65Hertford County523$34.6M5,065
66Person County674$34.1M4,565
67Yadkin County564$34M4,068
68McDowell County706$33.9M5,300
69Ashe County644$32.7M4,580
70Scotland County512$30M5,944
71Currituck County584$29.1M5,198
72Bladen County618$26.3M4,057
73Anson County521$26M3,209
74Richmond County627$25.6M3,447
75Polk County396$22.9M3,250
76Martin County532$21.6M3,001
77Stokes County488$21.5M3,277
78Hoke County751$20.7M3,029
79Swain County421$20.6M4,402
80Bertie County438$20.1M2,985
81Cherokee County473$19.9M3,298
82Avery County240$18.8M3,397
83Graham County155$17.5M1,772
84Northampton County380$16.7M2,128
85Chowan County281$15.7M2,311
86Craven County440$15.4M2,294
87Clay County282$14.2M2,345
88Mitchell County256$13.9M2,144
89Madison County284$13.8M2,240
90Yancey County325$13.6M2,078
91Greene County375$13.4M2,129
92Alleghany County365$11.4M1,917
93Caswell County226$11.3M1,395
94Perquimans County246$9.8M1,306
95Washington County243$9.2M1,294
96Warren County223$7.2M1,049
97Hyde County190$6.3M1,151
98Gates County157$5.4M700
99Camden County114$4.1M618
100Tyrrell County76$3.8M716

Loans by industry

Share of total loan dollars

  • Health care and social assistance22,979 loans13.0%
  • Construction24,676 loans11.8%
  • Accommodation and food services20,939 loans11.7%
  • Professional and technical services28,934 loans10.7%
  • Manufacturing10,995 loans10.6%
  • Other services38,234 loans7.4%
  • Retail trade22,029 loans7.4%
  • Administrative and support services17,141 loans6.2%
  • Wholesale trade7,478 loans4.6%
  • Transportation and warehousing18,998 loans3.5%

Loans by size

Share of the number of loans

  • Under $20K122,63647.4%
  • $20K to $50K74,45828.7%
  • $50K to $150K39,07215.1%
  • $150K to $350K14,2595.5%
  • $350K to $1M6,4182.5%
  • $1M to $2M1,4590.6%
  • $2M or more6910.3%

Top lenders

By loan dollars

  1. 1Truist Bank22,158$2.9B
  2. 2First-Citizens Bank & Trust Company15,135$1.7B
  3. 3Pinnacle Bank6,305$826M
  4. 4PNC Bank, National Association5,473$813M
  5. 5First National Bank of Pennsylvania8,651$766M
  6. 6Bank of America, National Association12,849$763M
  7. 7First Horizon Bank7,272$644M
  8. 8Wells Fargo Bank, National Association12,216$503M
  9. 9The Fidelity Bank6,621$482M
  10. 10First Bank5,601$464M

Largest PPP loans in North Carolina

Top 25 by approved amount

BorrowerLocationLoanJobsForgivenApproved
Orthocarolina, PAHealth care and social assistanceCharlotte, NC28209$10M500$10.1MForgiven on 06/11/202105/05/2020
Emergeortho P.A.Health care and social assistanceDurham, NC27704$10M500$10.1MForgiven on 06/11/202104/29/2020
Spectraforce Technologies, INCAdministrative and support servicesRaleigh, NC27603$10M500$10.1MForgiven on 06/22/202104/27/2020
MonarchHealth care and social assistanceAlbemarle, NC28001$10M500$10.2MForgiven on 01/10/202204/29/2020
Allergy Partners PLLCHealth care and social assistanceAsheville, NC28803$10M500$10.1MForgiven on 09/08/202104/30/2020
Jf Acquisition, LLCMining, oil and gasMorrisville, NC27560$10M500$10.1MForgiven on 07/06/202104/27/2020
Fastmed Urgent Care, P.C.Health care and social assistanceClayton, NC27520$10M500$10.1MForgiven on 06/16/202105/12/2020
The Budd GroupAdministrative and support servicesWinston Salem, NC27103$10M500$10.2MForgiven on 01/12/202205/13/2020
Gbg USA INCWholesale tradeGreensboro, NC27407$10M340$10.1MForgiven on 06/11/202104/14/2020
Carolina Restaurant Group, INCAccommodation and food servicesCharlotte, NC28273$10M500$10.1MForgiven on 06/11/202104/15/2020
Boddie-Noell Enterprises INCAccommodation and food servicesRocky Mount, NC27802$10M500$10.1MForgiven on 06/11/202104/09/2020
Young Men's Christian Assoc. of Greater CharlotteOther servicesCharlotte, NC28202$9.7M500$9.6MForgiven on 12/21/202103/26/2021
Sherrill Furniture CompanyManufacturingHickory, NC28601$9.5M500$9.7MForgiven on 06/11/202104/09/2020
Center for Creative LeadershipEducational servicesGreensboro, NC27410$9.4M388$9.5MForgiven on 08/15/202204/02/2021
The Young Men's Christian Association of the Triangle Area IOther servicesRaleigh, NC27607$9.1M464$9.2MForgiven on 03/03/202203/23/2021
Frontier Yarns, INC.ManufacturingSanford, NC27330$9.1M500$9.2MForgiven on 06/11/202104/09/2020
Wilmington Health, PLLCHealth care and social assistanceWilmington, NC28401$9.1M500$9.2MForgiven on 01/10/202205/06/2020
Pinehurst, LLCAccommodation and food servicesPinehurst, NC28374$8.9M500$9MForgiven on 06/11/202104/08/2020
Lmr LLCAccommodation and food servicesRaleigh, NC27607$8.7M500$8.9MForgiven on 03/11/202204/27/2020
Cv Industries, INC.ManufacturingValdese, NC28690$8.6M500$8.7MForgiven on 08/10/202104/09/2020
Tands, INC.Accommodation and food servicesKinston, NC28501$8.4M500$8.5MForgiven on 06/11/202104/14/2020
Mccreary Modern INCManufacturingNewton, NC28658$8.4M500$8.5MForgiven on 06/11/202104/06/2020
Brady Trane Service, INC.Wholesale tradeGreensboro, NC27405$8.3M499$8.4MForgiven on 06/11/202104/06/2020
Workforce Unlimited, LLCAdministrative and support servicesMount Airy, NC27030$8.3M500$8.4MForgiven on 08/12/202107/22/2020
Air T, INC.Real estate and rentalDenver, NC28037$8.2M478$8.3MForgiven on 09/21/202104/08/2020

Names of sole proprietors, self-employed individuals and independent contractors are not shown. Street addresses are not shown for any borrower.

Frequently asked questions

How many PPP loans were made in North Carolina?
Lenders approved 258,993 PPP loans worth $17,661,895,741 for borrowers in North Carolina, an average of $68,194 per loan.
What was the largest PPP loan in North Carolina?
The largest was $10,000,000 to Orthocarolina, PA in CHARLOTTE, which reported 500 jobs.
Which county in North Carolina got the most PPP money?
Mecklenburg County received the most, $3B across 44,046 loans.