Copyright 2021 Market Realist. search person. According to ProPublica, $740 billion in loans had been disbursed as of April 7, 2021. One way is to use Forbes Advisors in-depth tool to search for all Paycheck Protection Program (PPP) loans of $1 million or more. Amount Loaned. You can narrow your search by industry, location, or company name. Business reporter focusing on the defense industry, government contractors and federal policy. | Frequently Asked Questions As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation PPP Loan Search Location Lookup. Searchable PPP Loans - Businesses with over $150,000 in PPP Loan Small Business Administration (SBA) released a list of all the businesses borrowing between $150,000 - $10 million with Bank and business details. Some businesses that already received PPP loans are eligible to apply for a Second Draw loan. The data in this database was published by the Small Business Administration (SBA) on July 6, 2020 and includes all approved, active Paycheck Protection Program (PPP) loans worth $150,000 Related: PPP Forgivable Loans Will Be Unforgiving for Many. All data in this search comes directly from the publicly available PPP data on the SBA website and this search only includes recipients of $150,000 or more for 2020 approvals only. He also ruled that the privacy concerns of borrowers wishing to remain anonymous were outweighed by the public interest in discovering fraud, waste or abuse of taxpayer money, noting that the Justice Department had charged more than 50 people with fraudulently obtaining PPP loans that resulted in at least $80 million in losses. Hispanic-owned businesses ranked next, which received 0.81% of PPP loans. Help us crowdsource fraud detection in the PPP program! Currently, the total PPP loans approved is reported at nearly 8.9 million on FederalPay.org. A total of 4,318 lenders have disbursed PPP loan funds. The data includes the exact amounts for more than 600,000 small businesses and nonprofit organizations that received at least $150,000 in loans, providing the most detailed disclosure yet about one of the largest economic stimulus packages created by the federal government, part of the $2 trillion Cares Act. For other PPP loans, the PPP loan has a maturity of two years; each lender has the option to extend the maturity of these PPP loans longer. With the deadline to apply for the Paycheck Protection Program coming just before midnight Tuesday night, senators, led by Marco Rubio (R-Fla.) and Ben Cardin (D-Md. The loans can be forgiven if employers use a majority of the money to pay workers. The data in this database was published by the Small Business Administration (SBA) on July 6, 2020 and includes all approved, active Paycheck Protection Program (PPP) loans Search for PPP loan applications by organization, lender, zip code and In a memorandum justifying the D.C. federal courts opinion, Judge James E. Boasberg noted that despite the SBAs claims that loan information was confidential business information, the PPP loan application stated that the names of borrowers and amounts of loans would be automatically released in response to a FOIA request. In 2020, The Washington Post and other media entities brought a lawsuit to require more detailed information about small business loans through the PPP. All Other Professional, Scientific, and Technical Services, Other Support Activities for Air Transportation, Seafood Product Preparation and Packaging, Data Processing, Hosting, and Related Services, Explore updated SBA data on businesses that received PPP loans. PPP Recipients; Browse PPP Loans By State; Alabama; Select a City for all PPP loans filed within that jouristiction, or search the entire state filings here: Alyssa Fowers is a graphics reporter for The Washington Post. Determine if the PPP works for your business, and do If you search on FederalPay.org, you can look up business names or search by state or industry to learn which companies have received loans from the PPP. You can search the SBA's entire PPP loan data below. We support America's small businesses. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Some other eligible costs for the remaining 40 percent are business mortgage interest, utilities, and rent or lease payments. 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. Searchable PPP Loan Data Data for the 2020 Paycheck Protection Program has been [More than half of small-business loans went to larger businesses, new SBA data shows]. Andrew Van Dam covers data and economics. Areas with a minority population greater than 50 percent. Summary of PPP Loans by County in the United States. Does something look fishy to you? Nearly 300 public companies have received loans from the program, though some have returned it. Where loans of more than $150,000 were issued The SBA released detailed information about businesses that received PPP loans including loan amounts and the city where each business is located. The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. My Account. Additionally, borrowers that received PPP loans but have since return it, are also excluded. Businesses receiving PPP loans less than $150,000 are excluded. The raw data is available here.The Post geocoded nearly 650,000 addresses listed in the database. Small businesses had the chance to apply for money to cover monthly payroll needs through loans. insert_emoticon. Click on a company's name to see additional loan details. More than half of small-business loans went to larger businesses, new SBA data shows, did not direct private lenders to prioritize minority- and female-owned businesses. The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Max 50 results provided for each query. This web tool allows you to track PPP loans by recipient, lender, location, industry, and loan range. The agency also withheld the identities of borrowers receiving PPP loans of less than $150,000 and records related to a separate loan fund called the Economic Injury Disaster Loan program, prompting a lawsuit under the Freedom of Information Act by The Post and 10 other media organizations. The PPP started in the spring of 2020 as part of the U.S. governments efforts to minimize damages caused by coronavirus prevention measures. Search more than 6 million loans approved by lenders and disclosed by the Small Business Administration. Up-to-date information about thousands of businesses that received Federal Stimulus funding: segmented by size, industry and location. Search our entire database for publicly released Paycheck Protection Program (PPP) information by location, company name, industry (based on NAICS code), company type, or loan amount. You can search data at FederalPay.org to learn which companies received PPP loans.
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