Skip is not affiliated with the SBA or any government agency and has built this recipient search for informational purposes only. The PPP loan program has been a vital resource for small businesses in the U.S., with varying levels of approval depending on each state's specific needs. The data about businesses that have received PPP loans is available to the public online. Denlinger said that the federal government also should move to undo a new IRS determination that will likely mean that businesses that took out PPP loans could get an unpleasant surprise when they do their taxes. The Small Business Administration has released additional data about loans issued under the Paycheck Protection Program, complying with a federal court order as part of a lawsuit by The Washington Post and other media organizations. 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. Investment firms took "liberties" to "exaggerate payroll needs" that "may have facilitated misconduct in the PPP loan procurement process," the study said. In the decision by D.C. federal courts, Judge Boasberg stated that privacy concerns of borrowers wishing to remain anonymous were outweighed by the public interest in discovering fraud, waste or abuse of taxpayer money, according to The Washington Post. The data also includes the names of entities receiving less than $150,000, which represents over three-quarters of the total number of loans. The program provided those loans to 146,000 state businesses, an average of just under $35,000 per business. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email a link to a friend (Opens in new window). %PDF-1.6 % This story was first published in Dec. 2020.Loan data is from the Small Business Administration Paycheck Protection Program.The Small Business Administration has continued to update the list of PPP recipients throughout the crisis. ", He argued that advisors who earn fees on assets under management that plummeted when the S&P 500 fell 34% over February-August 2020 were justified in taking PPP loans because they would have had to "downsize or discontinue their growth plans.". It repaid the loan in 2021. With the final stats from this year's filing in, it seems clear that it was one of the most normal in years. This table shows the top 5 industries in Washington by number of loans awarded, with average loan amounts and number of jobs reported. File size: 703KB . For reprint and licensing requests for this article. The SBA initially refused to release the names of businesses that obtained loans of less than $150,000. ) or https:// means youve safely connected to Washington has a total of 194,966 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License. Investigating Power is a history of breakthrough investigations that revealed news and changed the national narrative on many major topics since the 1950s, from war to health to civil rights. You can search data at FederalPay.org to learn which companies received PPP loans. There is further data we're working on for the loans under $150k however so check back in the future for that. Previously, the SBA announced $15 billion in loans worth more than $150,000 had gone to 26,000 businesses, an average of $577,000. Businesses had to use the loans for up to 10 weeks of payroll costs, capped at $100,000 per worker per year, and keep wages close to pre-crisis levels during the two to six months after receiving the loan. A locked padlock Concerns have been raised about whether the funding is being distributed fairly, as the SBA Office of the Inspector General concluded that the agency did not direct private lenders to prioritize minority- and female-owned businesses when it started implementing the program. If you share our stories on social media, please tag us in your posts using. There was a problem saving your notification. By clicking submit, you agree to share your email address with Mississippi Today. ppp loan recipient eidl grant recipient small business SBA Microloans: How to Qualify and Apply If you're a small business, either just starting out, or an established enterprise in need of additional working capital up to $50K the Small Business Administration's (SBA) Microloan program was designed for you. endstream endobj 2352 0 obj <>/Metadata 53 0 R/OCProperties<>/OCGs[2369 0 R]>>/Outlines 67 0 R/PageLayout/SinglePage/Pages 2349 0 R/StructTreeRoot 89 0 R/Type/Catalog>> endobj 2353 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 2354 0 obj <>stream Georgia: Georgia has received over 120,000 PPP loans, totaling over $7 billion. New York: New York has received over 200,000 PPP loans, totaling over $13 billion. PPP Loan Recipient List By State Pennsylvania 342,351 TOTAL PPP LOANS $30.4B TOTAL LOAN AMOUNT $88,896 AVERAGE PPP LOAN 10 AVG COMPANY SIZE Pennsylvania has a total of 342,351 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Carson Group of Omaha got a $4 million loan in 2020 to cover its events and coaching businesses. Disbursements to Mississippi businesses ranged from $100 to a $10 million loan, which went to Staff Pro LLC, an employment agency in Gulfport. Do you think Johnstown will continue moving forward after exiting Act 47? :t|P\*Dk4$/o Bn-p}$>N),ZT1KB(*d .0 The Problem: This couple used fraudulently obtained PPP and EIDL funds to pad and flaunt a luxury lifestyle. 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. Any amount helps us keep producing quality journalism for Mississippi. The release comes as Congress is debating whether to pass another round of federal stimulus and whether that would mean another round of the Paycheck Protection Program. 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) endstream endobj 744 0 obj <. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Searchable PPP Loans - Businesses with PPP Loan 2021 Small Business Administration (SBA) released a list of all the businesses their loan amount with Bank and business details. 774 0 obj <>stream ), are considering how best to use the remaining funds to help small businesses as they begin to reopen. Sign up now to get our FREE breaking news coverage delivered right to your inbox. On average, businesses in the state received about $7,000 per employee. Lender Count. PPP Loan Search Location Lookup. PPP Loans by Community . Level Four Group recruited a wealth program from its onetime brokerage as it made progress on its goal of doubling in size by 2025. See below for PPP loans to. 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. Focus Financial Network of Minneapolis received $927,200 and did not repay the money. Lookup Ppp Loan List Of Recipients 2021 / PPP 2021 / Read our ppp page If youre not able to add the byline, please include a line at the top of the story that reads: This story was originally published by Mississippi Today and include our website, You cannot republish our editorial cartoons, photographs, illustrations or graphics without specific permission (contact our managing editor. Funds can also be used to pay interest on mortgages, rent, and utilities. Questions remain about how the program has affected jobs, especially because of the incomplete and sometimes confusing aspects of the data. Previous ppp loan recipients who returned all or part of their original loan and want to apply for additional funding. Pennsylvania: Pennsylvania has received over 140,000 PPP loans, totaling over $7 billion. SBA's Paycheck Protection Program reached more Black, women business Businesses can apply for PPP loans until May 31, 2021. The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. They weren't expressly aimed at helping independent advisors deal with the sharp market downturn that materialized as the pandemic unfolded. PDF Paycheck Protection Program Loan Recipients on the Department of SBA also offers additional COVID-19 relief. Effective: May 31, 2021 Owned by: Office of Capital Access Related Programs: Related programs: PPP Variations of this document Version 19 . For borrowers to be eligible for a PPP loan, in addition to satisfying other requirements, they must not have any current federal 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. The PPP (Paycheck Protection Program) is an emergency disaster loan program offered through the SBA (Small Business Administration). Browse & Search CARES Act PPP Recipients A .gov website belongs to an official government Offers may be subject to change without notice. State Loan Count; AK - Alaska: 1652: AL - Alabama: 7872: AR - Arkansas A total of 4,318 lenders have disbursed PPP loan funds. Michigan: Michigan has received over 90,000 PPP loans, totaling over $5 billion. The PPP started in the spring of 2020 as part of the U.S. governments efforts to minimize damages caused by coronavirus prevention measures. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Data in the below tracker are provided as of 5/31/2021. 763 0 obj <>/Filter/FlateDecode/ID[<6F5F5BFD42793A4C92AE72F32332519F><2D420D3B107FE94C8F2922FAC5F8103D>]/Index[743 32]/Info 742 0 R/Length 103/Prev 579602/Root 744 0 R/Size 775/Type/XRef/W[1 3 1]>>stream In the subsequent 2021 round of PPP loans, urban business owners got an average of $44,879 from the PPP, while rural businesses owners got $31,297. Look for the "Republish This Story" button underneath each story. Nick Schwellenbach Six Charged, Five Plead Guilty in PPP Loan Fraud Scheme In January 2021, the DOJ filed charges against six individuals who are accused of submitting fraudulent PPP loan applications that resulted in a total of approximately $3 million being disbursed under the PPP. Roughly 92% of the federal loans were forgiven by the government. The complaint alleges that the defendant conspired with others to obtain millions of dollars in fraudulent PPP loans. Over 600,000 loans have been approved in the state, totaling over $45 billion. Loans Approved. First Republic Bank was shuttered by regulators early Monday, and all its deposits and most of its assets were acquired by JPMorgan. The PPP loans helped struggling independent restaurants, as well as regional chains affiliated with national brand names, said John Longstreet, president and CEO of the Pennsylvania Restaurant and Lodging Association. More than 3,500 state businesses got loans worth more than $1 million, while 103 businesses and other entities took out PPP loans worth exactly $150,000. 2351 0 obj <> endobj We also have compiled state-by-state files for download. Secure .gov websites use HTTPS