4.4% of IN total
Avg: $92,458 per loan
$29M outstanding
95.3% forgiveness rate
PPP Program Overview: Evansville, IN
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 7,455 Paycheck Protection Program loans in the Evansville metropolitan area, totaling $689M. These loans supported approximately 61K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 7,104 (95.3%) were fully forgiven. However, 351 loans totaling $29M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Evansville is part of Indiana, which has a Standard 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 Evansville
Evansville has standard-level PPP enforcement activity. While enforcement is less concentrated here than in larger metros, the DOJ PPP Strike Force operates nationally. Any borrower with an unforgiven loan or application discrepancies remains at risk regardless of location.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Evansville borrowers for several more years.
Evansville vs. Indiana Average
Frequently Asked Questions: PPP in Evansville
How many PPP loans were issued in Evansville, IN?
Evansville, Indiana received approximately 7,455 PPP loans totaling $689M between April 2020 and May 2021. The average loan size was $92,458, supporting approximately 61K jobs in the Evansville metro area.
How many PPP loans in Evansville were not forgiven?
Approximately 351 PPP loans in the Evansville metro area (4.7% of total) were not forgiven, representing $29M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Evansville?
Evansville is in a "Standard" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Evansville with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Evansville 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. Evansville borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
351 Evansville area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Other Cities in Indiana
View all Indiana 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.