16.8% of MN total
Avg: $97,359 per loan
$115M outstanding
95.4% forgiveness rate
PPP Program Overview: St. Paul, MN
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 28,914 Paycheck Protection Program loans in the St. Paul metropolitan area, totaling $2.8B. These loans supported approximately 238K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 27,583 (95.4%) were fully forgiven. However, 1,331 loans totaling $115M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
St. Paul is part of Minnesota, 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 St. Paul
St. Paul 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 St. Paul borrowers for several more years.
St. Paul vs. Minnesota Average
Frequently Asked Questions: PPP in St. Paul
How many PPP loans were issued in St. Paul, MN?
St. Paul, Minnesota received approximately 28,914 PPP loans totaling $2.8B between April 2020 and May 2021. The average loan size was $97,359, supporting approximately 238K jobs in the St. Paul metro area.
How many PPP loans in St. Paul were not forgiven?
Approximately 1,331 PPP loans in the St. Paul metro area (4.6% of total) were not forgiven, representing $115M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in St. Paul?
St. Paul is in a "Standard" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in St. Paul with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in St. Paul 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. St. Paul borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,331 St. Paul 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.