PPP Loan Data: Arizona
Paycheck Protection Program statistics for Arizona. 169,242 loans disbursed, 8,800 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk1.5% of national total
Avg: $111,672 per loan
$983M outstanding
94.8% forgiveness rate
PPP Program Overview: Arizona
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 169,242 Paycheck Protection Program loans in Arizona, totaling $18.9B. These loans supported approximately 1.6M jobs across the state during the COVID-19 pandemic.
Of these loans, 160,442 (94.8%) were fully forgiven. However, 8,800 loans totaling $983M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
This state has moderate DOJ PPP enforcement activity with active SBA OIG presence.
Enforcement Risk in Arizona
Arizona has moderate PPP enforcement activity. While not among the highest-priority states, the DOJ and SBA OIG maintain active investigations here. Borrowers with loans over $150,000 or those with discrepancies in their applications should be particularly vigilant about potential enforcement actions.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Arizona borrowers for several more years. The 8,800 unforgiven loans in Arizona represent the most immediate enforcement targets.
Arizona vs. National Average
Frequently Asked Questions: PPP in Arizona
How many PPP loans were issued in Arizona?
Arizona received 169,242 PPP loans totaling $18.9B between April 2020 and May 2021. The average loan size was $111,672, supporting approximately 1.6M jobs.
How many PPP loans in Arizona were not forgiven?
Approximately 8,800 PPP loans in Arizona (5.2% of total) were not forgiven, representing $983M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in Arizona?
Arizona is classified as "Medium" enforcement risk. This state has moderate DOJ PPP enforcement activity with active SBA OIG presence. Borrowers in Arizona with unforgiven loans or discrepancies in their applications should be aware of ongoing DOJ and SBA OIG enforcement activity.
Can I still face a PPP audit in Arizona in 2026?
Yes. The False Claims Act has a 6-10 year statute of limitations. Since PPP loans were issued in 2020-2021, enforcement actions can continue through 2030-2031. Arizona borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
8,800 Arizona borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Defense Resources
Other States
Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Data reflects the full PPP program period (April 2020 – May 2021). Last updated May 2026.