Three ZIP Codes in Chester County rank among the top four in the Philadelphia suburbs in number of recipients of federal Paycheck Protection Program loans of more $150,000, writes Kennedy Rose for the Philadelphia Business Journal.
PPP was established to help businesses keep their staff on payroll during the COVID-19 pandemic by providing them with loans of up to $10 million.
The ZIP Code in Chester County with the highest number of approved PPP loans of more than $150,000 is 19087. This ZIP Code – which includes Chesterbrook, Tredyffrin Township, and Wayne – had 213 loans in this range, placing it behind only King of Prussia’s ZIP Code, which had 227 loans, for the highest number of these loans in the suburbs.
Next is West Chester’s 19380 with 203 businesses approved for at least a $150,000 loan, closely followed by Malvern’s 19355 with 201 approved loans.
Read more about PPP loans in the Philadelphia Business Journal here.
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