PPP Loan Data: Connecticut
Paycheck Protection Program statistics for Connecticut. 109,283 loans disbursed, 5,682 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk1.0% of national total
Avg: $124,449 per loan
$707M outstanding
94.8% forgiveness rate
PPP Program Overview: Connecticut
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 109,283 Paycheck Protection Program loans in Connecticut, totaling $13.6B. These loans supported approximately 1.0M jobs across the state during the COVID-19 pandemic.
Of these loans, 103,601 (94.8%) were fully forgiven. However, 5,682 loans totaling $707M 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 Connecticut
Connecticut 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 Connecticut borrowers for several more years. The 5,682 unforgiven loans in Connecticut represent the most immediate enforcement targets.
Connecticut vs. National Average
Frequently Asked Questions: PPP in Connecticut
How many PPP loans were issued in Connecticut?
Connecticut received 109,283 PPP loans totaling $13.6B between April 2020 and May 2021. The average loan size was $124,449, supporting approximately 1.0M jobs.
How many PPP loans in Connecticut were not forgiven?
Approximately 5,682 PPP loans in Connecticut (5.2% of total) were not forgiven, representing $707M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in Connecticut?
Connecticut is classified as "Medium" enforcement risk. This state has moderate DOJ PPP enforcement activity with active SBA OIG presence. Borrowers in Connecticut 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 Connecticut 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. Connecticut borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
5,682 Connecticut borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Defense Resources
Other States
Cities in Connecticut
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.