PPP Loan Data: Massachusetts
Paycheck Protection Program statistics for Massachusetts. 215,847 loans disbursed, 11,224 unforgiven and potentially subject to enforcement.
Medium Enforcement Risk1.9% of national total
Avg: $126,016 per loan
$1.4B outstanding
94.8% forgiveness rate
PPP Program Overview: Massachusetts
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed 215,847 Paycheck Protection Program loans in Massachusetts, totaling $27.2B. These loans supported approximately 2.1M jobs across the state during the COVID-19 pandemic.
Of these loans, 204,623 (94.8%) were fully forgiven. However, 11,224 loans totaling $1.4B 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 Massachusetts
Massachusetts 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 Massachusetts borrowers for several more years. The 11,224 unforgiven loans in Massachusetts represent the most immediate enforcement targets.
Massachusetts vs. National Average
Frequently Asked Questions: PPP in Massachusetts
How many PPP loans were issued in Massachusetts?
Massachusetts received 215,847 PPP loans totaling $27.2B between April 2020 and May 2021. The average loan size was $126,016, supporting approximately 2.1M jobs.
How many PPP loans in Massachusetts were not forgiven?
Approximately 11,224 PPP loans in Massachusetts (5.2% of total) were not forgiven, representing $1.4B in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP audit risk level in Massachusetts?
Massachusetts is classified as "Medium" enforcement risk. This state has moderate DOJ PPP enforcement activity with active SBA OIG presence. Borrowers in Massachusetts 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 Massachusetts 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. Massachusetts borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
11,224 Massachusetts borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Defense Resources
Other States
Cities in Massachusetts
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.