PPP Loan Data: New Haven, CT
Paycheck Protection Program statistics for the New Haven metro area. 14,459 loans disbursed, 738 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk13.2% of CT total
Avg: $124,455 per loan
$83M outstanding
94.9% forgiveness rate
PPP Program Overview: New Haven, CT
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 14,459 Paycheck Protection Program loans in the New Haven metropolitan area, totaling $1.8B. These loans supported approximately 135K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 13,721 (94.9%) were fully forgiven. However, 738 loans totaling $83M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
New Haven is part of Connecticut, which has a Medium enforcement risk classification. The DOJ PPP Strike Force operates nationally, with particular focus on major metropolitan areas where loan volumes and dollar amounts are highest.
Enforcement Risk in New Haven
New Haven has moderate PPP enforcement activity. While not among the highest-priority metros, the DOJ and SBA OIG maintain active investigations in this area. Borrowers with loans over $150,000 or those with discrepancies in their applications should be particularly vigilant.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against New Haven borrowers for several more years.
New Haven vs. Connecticut Average
Frequently Asked Questions: PPP in New Haven
How many PPP loans were issued in New Haven, CT?
New Haven, Connecticut received approximately 14,459 PPP loans totaling $1.8B between April 2020 and May 2021. The average loan size was $124,455, supporting approximately 135K jobs in the New Haven metro area.
How many PPP loans in New Haven were not forgiven?
Approximately 738 PPP loans in the New Haven metro area (5.1% of total) were not forgiven, representing $83M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in New Haven?
New Haven is in a "Medium" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in New Haven with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in New Haven 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. New Haven borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
738 New Haven area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Other Cities in Connecticut
View all Connecticut data →Data Sources: U.S. Small Business Administration PPP Data Reports, PandemicOversight.gov, U.S. Treasury Department. Metro-area estimates derived from state-level data with population-weighted distribution. Last updated May 2026.