As the Small Business Administration prepares to roll out the second round of its Paycheck Protection Program, a new report found that 13% of small businesses in Northern Virginia received loans in the first iteration last spring, higher than the national average of 9%.

The Northern Virginia Regional Commission, a cooperative of local governments, reported last week that 40,743 businesses in the region received loans during the first round of the program, known as PPP, which ran from April through August.  The total amount loaned to businesses in the region was over $5.5 billion, with an average loan amount of about $135,100, 34% above the national average.

Click here to read the full story in InsideNova.