6.1% of MD total
Avg: $107,866 per loan
$63M outstanding
93.8% forgiveness rate
PPP Program Overview: Silver Spring, MD
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 10,293 Paycheck Protection Program loans in the Silver Spring metropolitan area, totaling $1.1B. These loans supported approximately 90K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 9,654 (93.8%) were fully forgiven. However, 639 loans totaling $63M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Silver Spring is part of Maryland, which has a High 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 Silver Spring
Silver Spring is in a high-priority enforcement area. Major metro areas with high loan volumes and large average loan sizes attract concentrated DOJ and SBA OIG attention. Multiple qui tam (whistleblower) cases have been filed in federal courts covering the Silver Spring area, and the SBA OIG maintains active field offices in the region.
The False Claims Act statute of limitations extends through 2030-2031 for PPP loans. This means new enforcement actions can still be initiated against Silver Spring borrowers for several more years.
Silver Spring vs. Maryland Average
Frequently Asked Questions: PPP in Silver Spring
How many PPP loans were issued in Silver Spring, MD?
Silver Spring, Maryland received approximately 10,293 PPP loans totaling $1.1B between April 2020 and May 2021. The average loan size was $107,866, supporting approximately 90K jobs in the Silver Spring metro area.
How many PPP loans in Silver Spring were not forgiven?
Approximately 639 PPP loans in the Silver Spring metro area (6.2% of total) were not forgiven, representing $63M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Silver Spring?
Silver Spring is in a "High" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Silver Spring with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Silver Spring 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. Silver Spring borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
639 Silver Spring area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
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.