Funded Companies PPP Loan Data - SBA The SBAs Economic Injury Disaster Loan providesvital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19pandemic. Those loans went "to firms abusing" the government program, authors William Beggs of the University of San Diego and Thuong Harvison of Frostburg State University, wrote. PPP loan data are now available for all first and second round loans with approval dates up to January 31. . = Illinois: Illinois has received over 150,000 PPP loans, totaling over $8 billion. You can only publish select stories individually not as a collection. Small businesses had the chance to apply for money to cover monthly payroll needs through loans. We center readers in everything we do, informingand engagingMississippians through reporting, podcasts, events and online communities. Official websites use .gov Texas SBA Paycheck Protection Program Recipient List - FederalPay Businesses in certain industries may have more than 500 employees if they meet theSBAs size standardsfor those industries. Browse PPP Loans By State - PPP Recipients KYl5p|n1i |-cbA'7N,=8M{? Each record represents a loan made from a commercial lending bank to a small business and backed by the federal government. List of ppp loan recipients by zip code Skip is not affiliated with the SBA or any government agency and has built this recipient search for informational purposes only. On average, businesses in the state received about $7,000 per employee. E"5\ 2RDxc:SW Paycheck Protection Program (PPP): Wage Payments to Employees (See chart in C.1 for PPP loan forgiveness to business owners and self-employed) CARES Act, CAA and ARPA: Employees may benefit from their employer's PPP participation by receiving normal wage payments, paid time off or other leave, and continued health related benefits. Just more than 25% of the businesses that got loans of less than $150,000 in Pennsylvania listed zero or didnt submit an answer to explain how many jobs the loans were supposedly helping to save. The DNP team used SBA business rules for PPP eligibility to analyze the data and identify over 57,000 PPP loansapproximately $3.6 billion matching a DNP data source record, indicating loan ineligibility. San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis. Time will tell, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. The data includes the congressional district of each organization, but for Pennsylvania and North . 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. Michigan: Michigan has received over 90,000 PPP loans, totaling over $5 billion. PDF Statement for the Record of Inspector General Ware on April 20, 2021 A total of . PPP Loan Recipient List By State Washington - FederalPay Withholding of data on PPP loans led The Washington Post and 10 other media organizations to file suit under the Freedom of Information Act (FOIA). In April 2016, at the height of the deadliest drug epidemic in U.S. history, Congress effectively stripped the Drug Enforcement Administration of its most potent weapon against large drug companies suspected of spilling prescription narcotics onto the nations streets. Notice: The Paycheck Protection Program (PPP) ended on May 31, 2021. PDF Do Not Pay List Loan Recipients on the Department of Treasurys Although First Republic advisors appear relieved by the restoration of stability in coming under the megabank's umbrella, looming culture clashes could bring more attrition from both the incoming advisors, and those they're joining. First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. The PPP (Paycheck Protection Program) is an emergency disaster loan program offered through the SBA (Small Business Administration). Processed by banks, with JPMorgan in the lead, but mostly by financial technology companies, the loans were for payroll costs and regular business expenses, such as mortgage interest on a business's property. Market Realist is a registered trademark. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. ;k~{H a{oy^Imq][^8hM7!qwIz g-[ The deal marks the second this year for the multi-family office, which picked up a new private equity infusion two months ago. HARRISBURG Data released by the Small Business Administration Tuesday reveal which Pennsylvania businesses and groups shared $5 billion in loans of under $150,000, provided through the federal Paycheck Protection Program. With your help, we've gotten a lot done but we're not finished yet! In round two alone, franchisees scored almost $3 billion in PPP loans. Business groups have been lobbying to get Congress to quickly pass legislation to reverse the IRS guidance, he said. 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. For borrowers to be eligible for a PPP loan, in addition to satisfying other requirements, they must not have any current federal Paycheck Protection Program Weekly Reports 2021 He joined The Post in 2010. Any web site our stories appear on must include a contact for your organization. Alyssa Fowers is a graphics reporter for The Washington Post. Newly released federal data show hundreds of emergency Paycheck Protection Program loans went to help the smallest of Johnstown businesses as they fought through the COVID-19 economic shutdown. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. File size: 703KB . Do you think Johnstown will continue moving forward after exiting Act 47? Data in the below tracker are provided as of 5/31/2021. More than $4 billion in PPP loans have now made its way to Mississippi after Congress approved another round of federal support this year. Weve had many restaurants take advantage of it, Longstreet said. See our documentation for more information. Clarification: The story has been edited to clarify that franchisees of national chains applied and received PPP loans rather than the chains corporate bodies. It gives business owners until may 31, 2021 to apply for ppp loans. Funds can also be used to pay interest on mortgages, rent, and utilities. The RIA custodian helping power your growth, JPMorgan begins love-bombing campaign to keep First Republic advisors, Dynasty seeks to boost M&A work with its own new investment bank, Pathstone to acquire $2 billion RIA catering to tech entrepreneurs, LPL loses $200 million credit union team to growing midsize rival, JPMorgan Chase, FDIC put an end to First Republic's slow bleed. Winds WSW at 10 to 15 mph. Funds will be made available following a successful application. It was literally the lifeline that kept thousands of businesses afloat, said Gordon Denlinger, state director for the National Federation of Independent Businesses in Pennsylvania. The SBA initially refused to release the names of businesses that obtained loans of less than $150,000. Nearly 300 public companies have received loans from the program, though some have returned it. A total of 30,100 businesses indicated that the loan was saving one job. Leaders of statewide business groups said they think the first round of PPP loans were vitally important to help businesses survive the pandemic economic slowdown and said another round of loans are needed now. Those who didn't apply for PPP funding in the First Draw of funds can apply for First Draw now. 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. Roughly 92% of the federal loans were forgiven by the government. Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Media Advisory: Sanctions-Related Travel by Senior Treasury Department Officials, Treasury, IRS Release Plan to Deliver Improved Service for Americans, Reduce Deficit by Hundreds of Billions, Remarks by Secretary of the Treasury Janet L. 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Yellen at the Sacramento Metropolitan Chamber of Commerces 51st Annual Capitol-to-Capitol Program As, Remarks by Under Secretary Brian Nelson at American Chamber of Commerce Austria Roundtable, Form 941, employer's quarterly federal tax return, Assistance for American Families and Workers, Assistance for State, Local, and Tribal Governments, Top-line Overview of First Draw PPP (1/8/2021), Top-line Overview of Second Draw PPP (1/8/2021), Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns (1/6/2021), SBA Paycheck Protection Program Loan Report (4/16/2020), SBA Paycheck Protection Program Loan Report Round 2 (8/8/2020), SBA Paycheck Protection Program Loan Level Data, Borrower Application Form (revised 3/18/2021), Second Draw Borrower Application Form (revised 3/18/2021), Borrower Application Form for Schedule C Filers Using Gross Income (3/18/2021), Second Draw Borrower Application Form for Schedule C Filers Using Gross Income (3/18/2021), How to Calculate Maximum Loan Amounts for First Draw PPP Loans and What Documentation to Provide By Business Type (3/12/2021), Second Draw PPP Loans How to Calculate Revenue Reduction and Maximum Loan Amounts Including What Documentation to Provide (3/12/2021), PPP Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less Form 3508S (7/30/2021), PPP Loan Forgiveness Application and Instructions Form 3508EZ (7/30/2021), PPP Loan Forgiveness Application and Instructions Form 3508 (7/30/2021), PPP Borrowers Disclosure of Certain Controlling Interests (7/30/2021), Guidance on Refinance of EIDL Loans with PPP Loan Proceeds and Lender Remittance of EIDL Refinance Proceeds to SBA (6/22/2020), Lender Application Form (revised 3/18/2021), Second Draw Lender Application Form (revised 3/18/2021), Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (4/12/2021), Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (4/12/2021), Guidance on Whole Loans Sales of PPP Loans, Guidance on PPP Lender Processing Fee Payment and 1502 Reporting Process, Guidance on Extension of Authority to Guarantee PPP Loans, Guidance on Updated PPP Lender Processing Fee Payment and 1502 Reporting Process, Guidance on Procedures for Lender Submission of PPP Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews, Guidance on PPP Loans and Changes of Ownership, Loan Necessity Questionnaire (For-Profit Borrowers), Loan Necessity Questionnaire (Non-Profit Borrowers), Guidance on Repeal of EIDL Advance Deduction Requirement for SBA Loan Forgiveness Remittances to PPP Lenders, Guidance on Modifications to SBA Forms 3506, 3507 and 750 CA (for purposes of PPP only), Guidance on First Draw Paycheck Protection Program Loan Increases After Enactment of the Economic Aid Act, Procedural Notice Updated PPP Loan Increases for Extension Act, Guidance on PPP Borrower Resubmissions of Loan Forgiveness Applications Using Form 3508S, Lender Notice Responsibilities to PPP Borrowers, and Offset of Remittances to Lenders for Lender Debts, Guidance on PPP Excess Loan Amount Errors, Guidance on PPP Procedures for Addressing Unresolved Issues on Borrower First Draw PPP Loans, Updated Guidance on PPP Lender Processing Fee Payment and 1502 Reporting Process, Revised Paycheck Protection Platform Procedures for Addressing Hold Codes on First Draw PPP Loans and Compliance Check Error Messages on First Draw PPP Loans and Second Draw PPP Loans, Second Notice of Revised Procedures for Addressing Hold Codes and Compliance Check Error Messages on PPP Loans, Second Notice on Modifications to SBA Forms 3506, 3507 and 750 CA (for purposes of PPP only), Guidance on SBA Guaranty Purchases and Lender Servicing Responsibilities for PPP Loans, Frequently Asked Questions on Loan Forgiveness (10/13/2020), Interim Final Rule on Applicable Affiliation Rules, Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans, Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility, Interim Final Rule Additional Criterion for Seasonal Employers, Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders, Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria, Interim Final Rule on Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan Request, Interim Final Rule on Eligibility of Certain Electric Cooperatives, Interim Final Rule on Treatment of Entities with Foreign Affiliates, Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting, Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities, Interim Final Rule on Eligibility of Certain Telephone Cooperatives, Interim Final Rule on Revisions to First Interim Final Rule, Interim Final Rule on Additional Revisions to First Interim Final Rule, Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules, Interim Final Rule on Revisions to Loan Forgiveness Interim Final Rule and SBA Loan Review Procedures Interim Final Rule, Interim Final Rule on Additional Eligibility Revisions to First Interim Final Rule, Interim Final Rule on Certain Eligible Payroll Costs, Interim Final Rule on Appeals of SBA Loan Review Decisions Under the PPP, Interim Final Rule on Treatment of Owners and Forgiveness of Certain Nonpayroll Costs, Interim Final Rule on Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules, Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act, Interim Final Rule on Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act, Interim Final Rule on Loan Amount Calculation and Eligibility (originally posted 3/3/2021), Interim Final Rule on Paycheck Protection Program as Amended by American Rescue Plan Act (originally posted 3/18/21), Interim Final Rule on COVID Revenue Reduction Score, Direct Borrower Forgiveness Process, and Appeals Deferment, Final Rule on Borrower Appeals of Final SBA Loan Review Decisions, PPP Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less Form 3508S (5/24/2021), PPP Loan Forgiveness Application and Instructions Form 3508EZ (5/24/2021), PPP Loan Forgiveness Application and Instructions Form 3508 (5/24/2021), PPP Borrowers Disclosure of Certain Controlling Interests -Form 3508D (1/19/2021), Loan Forgiveness Application Form(posted 5/15/2020), Borrower Application Form (posted 3/3/2021), Borrower Application Form (posted 2/17/2021), Borrower Application Form (posted 1/8/2021), Borrower Application Form (posted 6/24/2020), Borrower Application Form (posted 6/12/2020), Borrower Application Form(posted 6/11/2020), Borrower Application Form(posted 4/2/2020), Borrower Application Form for Schedule C Filers Using Gross Income (posted 3/3/2021), Lender Application Form (posted 3/3/2021), Lender Application Form (posted 1/8/2021), Lender Application Form (posted 6/24/2020), Lender Application Form (posted 6/12/2020), Lender Application Form(posted 6/11/2020), Lender Application Form (posted 4/2/2020), Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (7/20/2020), Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions (posted 4/3/2020), Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (posted 7/20/2020), Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders (posted 4/8/2020), Loan Forgiveness Application Form 3508S Instructions, Loan Forgiveness Application Form EZ Instructions, Loan Forgiveness Application Form Instructions (revised 6/16/2020), Loan Forgiveness Application Form(revised 6/16/2020), How to Calculate Loan Amounts (revised 6/26/2020), Second Draw Borrower Application Form (posted-3-3-2021), Second Draw Borrower Application Form (posted 2/17/2021), Second Draw Borrower Application Form (posted 1/8/2021), Second Draw Lender Application Form (posted 3/3/2021), Second Draw Lender Application Form (posted 1/8/2021), Second Draw Borrower Application Form for Schedule C Filers Using Gross Income (posted 3/3/2021), Frequently Asked Questions for Faith-Based Organizations Participating in the Paycheck Protection Program and the Economic Injury Disaster Loan Program, Apply for a COVID-19 Economic Injury Disaster Loan and loan advance, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service.
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