2.1% of NY total
Avg: $114,509 per loan
$82M outstanding
93.3% forgiveness rate
PPP Program Overview: Yonkers, NY
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 11,480 Paycheck Protection Program loans in the Yonkers metropolitan area, totaling $1.3B. These loans supported approximately 100K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 10,710 (93.3%) were fully forgiven. However, 770 loans totaling $82M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Yonkers 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 Yonkers
Yonkers 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 Yonkers 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 Yonkers borrowers for several more years.
Yonkers vs. New York Average
Frequently Asked Questions: PPP in Yonkers
How many PPP loans were issued in Yonkers, NY?
Yonkers, New York received approximately 11,480 PPP loans totaling $1.3B between April 2020 and May 2021. The average loan size was $114,509, supporting approximately 100K jobs in the Yonkers metro area.
How many PPP loans in Yonkers were not forgiven?
Approximately 770 PPP loans in the Yonkers metro area (6.7% of total) were not forgiven, representing $82M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Yonkers?
Yonkers is in a "High" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Yonkers with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Yonkers 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. Yonkers borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
770 Yonkers 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.