MoCo Businesses Receive Approximately $2.5 Billion in Federal COVID-19 Relief Funds

MoCo businesses receive approximately $2.5 billion in federal COVID-19 relief funds

17,323 MoCo businesses received loans from the Small Business Association’s Paycheck Protection Program (PPP). Congress passed the PPP in early April to boost small business damaged by the pandemic.

MoCo loan recipients include:

  • 754 restaurants, approximately $88 million
  • 302 religious organizations, approximately $42 million
  • 350 beauty and nail salons, approximately $19 million
  • 110 fitness and recreational sports centers, approximately $8.3 million
  • 77 car dealerships, approximately $63 million
  • 74 private schools, approximately $62 million

The government will forgive part or all of a loan if the receiving business meets certain criteria, including the retention of employees. In total, MoCo’s loans applications call for 188,847 jobs to be retained.

  • Restaurants
    • Silver Diner, $5-10 million, for all 19 locations across three states
    • Denizens, $350 thousand-1 million
    • Fresh Baguette, $350 thousand-1 million
    • Iron Age Rockville, $350 thousand-1 million
    • TPSS Co-op, $350 thousand-1 million
    • Bethesda Bagels, $150-350 thousand
    • Tastee Diner, $150-350 thousand, one loan for each location
    • Silver Branch Brewing, $150-350 thousand
    • Peter Chang Rockville, $150-350 thousand
  • Schools
    • Bullis, $2-5 million
    • Charles E. Smith Jewish Day School, $2-5 million
    • Stone Ridge, $2-5 million
    • Georgetown Prep, $2-5 million
    • Landon School, $2-5 million
    • Good Counsel, $2-5 million
    • Sandy Springs Friends, $2-5 million
    • St. Andrew’s, $2-5 million
    • Washington Adventist University, $2-5 million
    • Holy Cross, $1-2 million
  • Other
    • Leisure World, $2-5 million
    • The Village at Rockville, $2-5 million
    • Foulger-Pratt, $1-2 million, developers of Downtown Silver Spring
    • Strathmore Hall Foundation, $350 thousand-1 million

By Prayag Gordy


Recent Stories

Earlier this year we let you know that Planet Fitness announced it will be opening new locations at 6881 New Hampshire Ave. in Takoma Park (now open) and 2201 Randolph Rd….

We have a Flood Watch in effect from Sunday afternoon through late Sunday night for SE Montgomery County, DC, SE Howard County, Prince George’s County and most of Northern Va….

Thai Cottage Bistro is now open at 9613-G Medical Center Dr in Rockville,  taking over the space that was previously home to Oishii Bluefin.

Sydney Montgomery, a graduate of Clarksburg High School who has helped over 7,ooo students with the college and law school admissions process, has been listed in this year’s 30 Under…

So What Else Indoor Vintage Event

SATURDAY 12/9/23 Join us for the ultimate year-end celebration of art, vintage finds, and fashion at CNXN.WORLD's Art & Vintage Event! Sponsored by So What Else, Inc. We will be hosting a hygiene product drive as well! Please bring items like soap, toothpaste, shampoo, deodorant, and more to donate and make a difference. Sign up for a chance to WIN a $40 credit you can use towards any purchase at the event! We've got food, drinks, and more prizes during the event! Vendor Lineup: @thefoundrymd @poetic_sole @on2thenext_vntg @fleetwoodmarket @anatething @bimdayz @thriftlifeadvintage @yester_dayz @bratty_couture @camryncurtiss @crushthrifts @888deadgirl @ken_blendz @misfitbodega @mozartsthriftshop @seamslikenew @skuffstore @the.crucial.cookie @sowhatelsehelps Saturday, December 9th, 20231:30 PM to 6:00 PM4924 Wyaconda Rd, North Bethesda, MD 20852. See you there!


Subscribe to our mailing list