36.4% of UT total
Avg: $99,432 per loan
$146M outstanding
95.4% forgiveness rate
PPP Program Overview: Salt Lake City, UT
Between April 2020 and May 2021, the U.S. Small Business Administration disbursed approximately 35,885 Paycheck Protection Program loans in the Salt Lake City metropolitan area, totaling $3.6B. These loans supported approximately 296K jobs in the local economy during the COVID-19 pandemic.
Of these loans, 34,234 (95.4%) were fully forgiven. However, 1,651 loans totaling $146M remain unforgiven and are potentially subject to SBA collection, Treasury offset, or DOJ enforcement action.
Salt Lake City is part of Utah, 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 Salt Lake City
Salt Lake City 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 Salt Lake City borrowers for several more years.
Salt Lake City vs. Utah Average
Frequently Asked Questions: PPP in Salt Lake City
How many PPP loans were issued in Salt Lake City, UT?
Salt Lake City, Utah received approximately 35,885 PPP loans totaling $3.6B between April 2020 and May 2021. The average loan size was $99,432, supporting approximately 296K jobs in the Salt Lake City metro area.
How many PPP loans in Salt Lake City were not forgiven?
Approximately 1,651 PPP loans in the Salt Lake City metro area (4.6% of total) were not forgiven, representing $146M in outstanding obligations. These borrowers may face Treasury collection actions or SBA enforcement.
What is the PPP enforcement risk in Salt Lake City?
Salt Lake City is in a "Standard" enforcement risk area. The DOJ PPP Strike Force and SBA OIG maintain active investigations in major metro areas. Borrowers in Salt Lake City with unforgiven loans or application discrepancies should be aware of ongoing enforcement activity through 2030-2031.
Can I still face a PPP audit in Salt Lake City 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. Salt Lake City borrowers remain at risk regardless of whether their loan was forgiven.
Are You at Risk?
1,651 Salt Lake City 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.