Business & Tech
Braintree Among State's Biggest Recipients Of PPP Loans
Businesses in Braintree got over 900 federal Paycheck Protection Program loans, worth over $164 million.
BRAINTREE, MA — Braintree businesses were among the biggest recipients of federal Paycheck Protection Program loans in Massachusetts, with the town receiving the 6th-most funding, according to new data reported by the Boston Business Journal..
Businesses in Braintree received over 900 loans worth over $164 million. Downtown Boston led the state with $296.5 million in PPP loans. Combined, Boston businesses received over $1 billion in PPP loans.
The Paycheck Protection Program, part of the CARES Act passed in response to the coronavirus pandemic in March, offered forgivable loans for payroll and other expenses. The Boston Business Journal and other companies sued the federal government for data on every single PPP loan.
Find out what's happening in Braintreefor free with the latest updates from Patch.
>>Read more from the Boston Business Journal
PPP loans to Braintree businesses
Find out what's happening in Braintreefor free with the latest updates from Patch.
- Loan amount - $164,032,155.29
- Total number of loans - 941
Outside of Boston, other Massachusetts towns which received large amounts of loans include Quincy, Canton, Andover, Burlington and Woburn.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.