Chelmsford Companies Received $97.4M In Federal Coronavirus Loans

CHELMSFORD, MA — Companies in Chelmsford received $97.4 million in loan approvals under the federal Paycheck Protection Program, according to data released Tuesday by the Small Business Administration.

The loans went to 674 companies and ranged from $500 to $10 million. Applicants said the loans would help them protect 6,199 jobs in Chelmsford.

The data released this week includes all loans under the program passed in March as the coronavirus pandemic took hold and forced widespread business closures and layoffs. SBA released some loan data in July, but that data only showed loans over $150,000 and did not include specific dollar amounts.

The Washington Post, Bloomberg and other media companies sued the SBA to release the full data set. In November, a federal judge ruled in favor of the media companies and ordered the SBA to release the data by Dec. 1. The data released Tuesday was current as of Nov. 24 and includes updates to the data released in July.

PPP loans are part of the CARES Act, a comprehensive COVID-19 relief package Congress passed in the spring. The loans are forgivable as long as a certain percentage is used for payroll. The program stopped taking new applications in August, but business groups are pressuring federal lawmakers and the Trump administration to renew the program.

In Chelmsford, the top loans went to:

• $10,000,000 HARTE HANKS INC. 2 Executive Drive
• $3,426,000 LIFELINKS INC. 4 OMNI WAY
• $3,261,100 M.D.C MANAGEMENT CO., LLC (MCDONALD'S RESTAURANTS) 160 Turnpike Rd
• $2,639,830 J&L CABLE T.V. SERVICES INC 190 Middlesex Street
• $2,504,610 BY APPOINTMENT ONLY INC 300 Apollo Dr Ste 2
• $2,228,900 TH MCCOY RESTAURANT GROUP, LLC 10 JEAN AVE
• $1,994,093 HUB FOUNDATION CO, INC. 139 Billerica Road
• $1,533,800 ORTHOPAEDIC SURGICAL ASSOCIATES OF LOWELL, INC 14 RESEARCH PL
• $ 1,492,077 TRITON SYSTEMS INC 200 Tnpk Rd
• $ 1,411,800.00 J&M INSTALLATIONS INC. 20 INDUSTRIAL AVE

Statewide, there were nearly 118,000 loans totaling $14.27 billion. In their loan applications, the companies that received the loans said they would help protect 1.17 million jobs in Massachusetts.