4.6% of NY total
Avg: $114,506 per loan
$193M outstanding
92.8% forgiveness rate
PPP Program Overview: Albany, NY
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 25,193 Paycheck Protection Program loans in the Albany metropolitan area, totaling $2.9B. These loans supported approximately 220K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 23,379 (92.8%) were fully forgiven. However, 1,814 loans totaling $193M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Albany is part of New York, 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 Albany
Albany 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 Albany 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 Albany borrowers for several more years.
Albany vs. New York Average
Frequently Asked Questions: PPP in Albany
How many PPP loans were issued in Albany, NY?
Albany, New York received approximately 25,193 PPP loans totaling $2.9B between April 2020 and May 2021. The average loan size was $114,506, supporting approximately 220K jobs in the Albany metro area.
How many PPP loans in Albany were not forgiven?
Approximately 1,814 PPP loans in the Albany metro area (7.2% of total) were not forgiven, representing $193M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Albany?
Albany is in a "High" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Albany with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Albany 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. Albany borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,814 Albany area borrowers have unforgiven PPP loans. Find out your specific risk level in under 3 minutes.
Other Cities in New York
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.