Search by zip code, business name, type of business, etc at https://ppploandata.org or at https://h. Chang's China Bistro says a PPP loan helped it keep 12,000 workers employed and transition its restaurants to carry-out-only during the coronavirus pandemic. Other famous musicians to receive the PPP are The . Health care, professional and business services, construction and manufacturing received a greater share of loans. The data gave few details about loans to minority-owned businesses. The data release includes 5.14 million loan records originated in 2020 and another 6.63 million loans made in 2021, according to a Business Journals analysis of the PPP loan recipient data, which . This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. A five-week extension for the PPP approved by Congress and signed by President Donald Trump reopened the application window for PPP funds until Aug. 8. Scottsdale, Arizona-based P.F. In an 18-page report, the SBA and Treasury revealed that 86.5% of PPP loans were for less than $150,000. Chang's China Bistro were among the major restaurant chains that were approved for loans. In July, rather than publish specific loan amounts, the agency grouped PPP loans into five amount ranges: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million; and $5 million to $10 million. Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. WASHINGTON - The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. Find Latest SBA PPP Loan Details Search by Business name, city, state, loan amount etc Search Loan Details 1 2 3 4 5 6 7 8 9 10 . Longview International Technology Solutions, Inc. Offices of Physicians, Mental Health Specialists, All Other Miscellaneous Schools and Instruction, Maryland And VIrginia Milk Producers Cooperative Association Incorporated, Offices of Mental Health Practitioners (except Physicians). Get browser notifications for breaking news, live events, and exclusive reporting. Rep VickyHartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. [1] Press Release, U.S. Dept of the Treas., SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program (June 19, 2020),https://home.treasury.gov/news/press-releases/sm1041[hereinafter Press Release]. Congress created the PPP as part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. Nearly 600 asset management companies and private equity firms were approved for money from the PPP, according to government data. Now, more than ever, it is essential for fund recipients to ensure they are thoroughly familiar with regulations surrounding receipt and and appropriate use of these funds, that they carefully document decision making in accepting funds, and that use of the funds is carefully and accurately tracked. Attorneys' Offices, and other federal and state agencies. Senate Democratic leader Chuck Schumer described the data release as a "good start" but lamented that it took so long and "so much pressure from Democrats" to make the information public. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. The Playbook. The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. The legislation authorized Treasury to use the SBAs 7(a) small business lending program to fund loans of up to $10 million per borrower that qualifying businesses could spend to cover payroll, mortgage interest, rent, and utilities. h. Jobs supported; and The Treasury Department and Small Business Administration on Monday disclosed the names of businesses to whom they have lent more than $150,000 as part of the Paycheck Protection Program. His studio said it employed 53 people before the pandemic. [11]SeeRichard P. Church,et al., COVID-19: Updated HHS Announces Remaining Allocations of CARES Act Provider Relief Funding and Updates Funding Terms and Conditions(Apr. PPP borrowers may be subject to increased liability in courts of law and the court of public opinion: journalists and other watchdogs will certainly dig through the information to find borrowers they deem unworthy of the funds. The application window for the PPP had closed June 30 with $131.9 billion in funding remaining, but the SBA resumed accepting applications from lenders Monday morning. To be eligible to receive federal assistance such It has approved 4.9 million loans for a total of more than $521 billion. This week on The Learning Curve," Cara Candal and Gerard Robinsontalk with Sal Khan, founder and CEO of Khan Academy, and Amy McGrath, the Chief Operating Officer of ASU Prep and Deputy Vice President of ASU Educational Outreach. 3729. USTR Releases 2023 Special 301 Report on Intellectual Property Washington Signs Into Law an Act for Consumer Health Data Privacy: Dont Look Twice, Its Alright The FCC Pulls Back the Curtain on Trending in Telehealth: April 18 24, 2023. 221,002 TOTAL PPP LOANS. The Archdiocese of New York got a loan valued at between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington, D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million. Heatmap of PPP Loans by Zip Code in Virginia, Number of Loans Issued by Date in Virginia, Summary of PPP Loans by County in Virginia, Top 25 Cities in Virginia by Number of PPP Loans. $521,483,817,756. Health care providers are already aware of the ever-present danger of qui tam lawsuits filed by current or former employees relating to Medicare or Medicaid funds. What happens to First Republic Bank's stock and deposits now? for Medicare & Medicaid Servs., FAQ on Accelerated and Advanced Payments (Apr. They discuss the need for public health leaders to pivot their messaging to address this hidden mortality. [5] 31 U.S.C. That didn't stop him from allegedly applying for two PPP loans using different company names. Virginia. For loans below $150,000, totals will be released, aggregated by zip code, by industry, by business type, and by various demographic categories.Id. Select Different Area . "It didn't reach the industries that needed it, and it looked like it didn't reach the states that were hardest hit," Bovino said. The newly released identifying information may draw attention to private entities who might then be caught up in an investigation. Trump on Saturday signed the extension into law. $81,122 AVERAGE PPP LOAN. In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic. Browse & Search CARES Act PPP Recipients by Company names The following data was provided by the SBA & US Treasury Department showing a breakdown of all the name of companies who received PPP loans over $150,000. [4]Id. Financial firms were generally not badly hurt by the coronavirus pandemic. This material may not be published, broadcast, rewritten, or redistributed. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. The program launched in early April with $349 billion in funding that was exhausted in less than two weeks by businesses and other entities seeking funds to help cope with the economic impacts of the COVID-19 pandemic. on the Coronavirus, Clyburn Statement On Treasury, SBA Plan To Disclose PPP Loan Recipients (June 20, 2020),https://coronavirus.house.gov/news/press-releases/clyburn-statement-treasury-sba-plan-disclose-ppp-loan-recipients. Congress passed legislation last month easing the requirements for loan forgiveness. Based on the data, between $9,505,893,317 and $18,281,343,317 have been loaned through the Payroll Protection Program to businesses in Virginia. Last weekend, West, a notable fan of President Donald Trump, tweeted that he was running for president. #1 A NORTHWEST SENIOR IN HOME CARE SERVICES INC. California Residents: Do Not Sell My Personal Information. [9] Providers that accepted federal funds from two or all three of these sources have a significantly elevated risk of investigation and prosecution for perceived or alleged misuse of funds. Powered and implemented by FactSet. Long Term Care Facilities With 2+ Known COVID Cases and Facility-Reported Deaths in Massachuetts, BOOK: A Vision of Hope Catholic Schooling in Massachusetts, Pioneer Institutes Life Sciences Initiative, Book: U-Turn: Americas Return to State Healthcare Solutions, Pioneer Young Professionals (PYP) Network, https://pioneerinstitute.org/wp-content/uploads/Screenshot-2023-02-15-at-8.58.00-AM.png, https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png, As COVID-19 Emergencies Ease, Some Progress on Telehealth Rules, https://pioneerinstitute.org/wp-content/uploads/TLC-template-25.png, Khan Academys Sal Khan & ASU Prep Digitals Amy McGrath on the Khan World School @ ASU Prep, https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-66.png, Pandemic Dead Reckoning: Unseen Casualties of Public Health Interventions, https://pioneerinstitute.org/wp-content/uploads/Untitled-design1.png, https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-61.png, Mandates Constitutional Collision: Court Offers Civics Lesson with Vaccine Rulings, https://pioneerinstitute.org/wp-content/uploads/Copy-of-telehealth-post-2-1.png. A survey by the National Federation of Independent Business found that as of mid-June, 14% of small businesses that borrowed from the PPP expected they would have to lay off some workers when their loan ran out. As previously reported, K&L Gates expects the government to take a pay, then chase approach to these funds; the SBAs approval of and disbursement of these loans does not preclude the government from later pursuing a recovery of funds that it maintains were fraudulently claimed. [9] U.S. Dept of Health & Human Servs., CARES Act Provider Relief Fund (June 23, 2020),https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/general-information/index.html. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Sign up for free newsletters and get more CNBC delivered to your inbox. [16] SBA also asserted that it may review any PPP loan, at any time, at its discretion. Largest PPP Loan Recipients List Nationwide A total of 108,254 businesses across the United States have received Coronavirus-related Paycheck Protection Loans (PPP) loans from the Small Business Administration of the MAXIMUM available amount of $10,000,000 (ten million dollars). And according to an analysis by Beth Ann Bovino, U.S. chief economist at Standard & Poor's, some states with the smallest increases in unemployment from the pandemic got more loans than harder-hit states. View the Paycheck Protection Program Report through June 30th. The ready availability of this information will allow persons and public and private entities to sift through borrower names and loan amounts without the need to initiate formal proceedings or exercise subpoena power. This company embraced the coronavirus economy and now it is hiring workers. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. PPP Loan Recipient List By State Iowa 171,714 TOTAL PPP LOANS $8.1B TOTAL LOAN AMOUNT $47,082 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Iowa has a total of 171,714 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Restrictive Covenants in Real Estate: Next Antitrust Enforcement Target? According to this data, from the Small Business Administration, 18,177 Massachusetts small businesses received PPP loans, which the companies claim retained 738,613 jobs. Get Our COVID-19 News, Tips & Resources! High-profile evangelical megachurches, including several with pastors who have backed Trump, also received loans after religious entities were permitted to seek aid even if they performed only faith-based functions. Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump's son-in-law and advisor Jared Kushner's grandfather, got a loan in the range of $1 million to $2 million. It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations. Jared Kushner's parents' family foundation supports the school, NBC News reported. Extension Available for California Employers to Submit Labor Contractor Employee COVID-19 Fraud Enforcement Remains Priority for Federal Law Enforcement, I-9 Verification and Compliance: Navigating New Nuances Post-COVID, Foreign Sponsors Breaking Into The Us Renewables Market: Challenges And Solutions, Labor and Employment Update for Employers May 2023, Global Mobility Opportunities And Challenges: How To Navigate A Global Workforce. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All rights reserved. Congress, U.S. agencies, journalists, and potential whistleblowers will soon have access to information that may lead to years of investigations into funds that were quickly paid out over the course of a few months. The FCA allows the government and individual whistleblowers, also called relators, to bring claims against persons or entities who knowingly submit a false claim to the government for payment. More than 40% of Black small business owners wereforced to close shop as result of the pandemic. https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-60.png. Across the 50 states, PPP loans covered 72% to 96% of estimated small business payroll. Who in Mississippi got Paycheck Protection Program loans during the pandemic? This disclosure covers each of the 4.9 million PPP loans that have been made. [13] Although Representative James E. Clyburn praised Treasury and SBA for taking a step in the right direction by announcing the release of nearly 75 percent of the [PPP] loan dollars approved, Clyburn indicated that the Select Subcommittee was still interested in the identities of the nearly 4 million PPP recipients who received less than $150,000 individually but who collectively make up over 85% of all PPP recipients and who collectively received more than $100 billion. In total, over 79,000 businesses in Mississippi have been approved for PPP loans. We also have compiled state-by-state files for download. SBA.com is not SBA.gov. The Trump administration on Monday disclosed the names of many small businesses which received loans under a program intended to blunt the economic damage from the coronavirus pandemic. Under certain state laws the following statements may be required on this website and we have included them in order to be in full compliance with these rules. It described the program "as compensation for a government taking during the shutdown.". All rights reserved. The PPP loans can be forgiven if employers use most of the money to keep their workers on the payroll. Multistate Monday: PUMP It UpNew Protections for Pregnant and Manufacturing Employers Continue Smart Hiring, With a New Twist. Nothing on this website is an offer or a solicitation for a loan. "The PPP is providing much-needed relief to millions of American small businesses . Underwater Investment: SEC Sues Hawaiian Semisubmersible Company for Privacy Awareness Week Part I- The State of Play. Businesses in economically distressed areas as designated by the SBA got nearly 23% of the loan money, while companies in rural areas received about 15% of the funds.