amzn_assoc_marketplace = "amazon"; The Coronavirus Stimulus Checks Could Push GDP Growth to About 10 Percent, Say Economists, Beware: Your Coronavirus Stimulus Check Could Be Garnished by Debt Collectors, Biden Signs $1.9 Trillion Stimulus Into Law, Americans to Receive Individual $1,400 Payments as Soon as This Weekend, Book a one-on-one session with a Franchise Advisor. SBA and Treasury Release Names of PPP Loan Recipients. amzn_assoc_default_category = "All"; PPP loan recipients from Lawrence County (over $1 million) The following companies in Lawrence County received PPP loans of more than $1 million. After months of withholding information on exactly which businesses received precisely how much from Congress's Paycheck Protection Program (PPP) — and considerable consternation after multiple publicly held companies were outed for accepting sizable sums before ultimately returning them — the Small Business Administration (SBA) and U.S. Department of the Treasury today released detailed information on nearly five million PPP grantees. Washington. Bellevue, Washington-based CWC Group PS was granted a $713,900 loan … And a cursory scan through the available documents (as user-unfriendly as the process of downloading and parsing through them might be) indicates a very small minority of owners willingly answered questions about their race, ethnicity or gender, and that a minority of overall respondents identified their businesses as black-owned or female-owned. Both chambers of Congress voted to approve the extension last week. Copyright © 2021 Entrepreneur Media, Inc. All rights reserved. The SBA did not disclose specific loan amounts, but categorized recipients for the range of loans received. It has approved 4.9 million loans for a total of more than $521 billion. The disclosure comes amid demands from Democrats for more transparency around the Paycheck Protection Program, or PPP, funds established as part of the $2 trillion CARES Act, which President Donald Trump signed this spring. Here are the media and entertainment companies on the list: $5 million-$10 million For all commercial enquiries related to Entrepreneur Asia Pacific, please contact sales@entrepreneurapj.com, For all editorial enquiries related to Entrepreneur Asia Pacific, please contact editor@entrepreneurapj.com, For all contributor enquiries related to Entrepreneur Asia Pacific, please contact contributor@entrepreneurapj.com. Businesses in California ,Texas and New York that received loans reported having about 4.1 million, 2.7 million and 2 million total employees, respectively. SBA-Small Business Administration Loan Recipients-ODIS Mailing List Mailing List data card - counts, pricing, target market description, price quotes, and ordering for direct marketing campaigns. ... TWEET. The SBA and Treasury also published data for recipients of PPP loans less than $150,000 but did not reveal the names and addresses of those businesses. Washington has a total of 170,084 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. The list of loan recipients includes firms large and small and with all kinds of specialties and backing. For all loans below $150,000, the SBA is releasing data including loan amounts, lenders, ZIP codes where the businesses are located and the number of jobs retained but not business names or addresses. … About 87% of the loans were for less than $150,000, according to the SBA. amzn_assoc_title = "Shop Related Products"; The Treasury Department and Small Business Administration on Monday disclosed the names of many of the small businesses to which it lent money under a program intended to blunt the economic damage from the coronavirus pandemic. However, that list accounts for less than 15% of loans made through the program. It lowered the share of the loan that must a company must spend on payroll and gave them a longer period of time to use the money. Nearly 87.3 percent of the industry recipients through June 30 … More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. Some mom-and-pop restaurant owners, for example, might wonder why between $2-5 million — the information was released both by state and assorted loan-amount thresholds, ultimately ranging from less than $150,000 to as high as $10 million — was allocated to the Diocese of Alabama in Birmingham. SBA Releases New EZ PPP Loan-Forgiveness Application, Which Public Companies Have Returned Their SBA PPP Loans? The SBA's language concerning the disclosures is also a bit convoluted, at one point assuring, "This disclosure covers each of the 4.9 million PPP loans that have been made," but later adding that its various loan amounts "account for nearly 75 percent of the loan dollars approved.". Additionally, The loan amount ranges are from $150,000-$350,000, $350,000-$1 million, $1 million-$2 million, $2 million-$5 million, and $5 million-$10 million. Democrats have sought assurances programs established to help Main Street sufficiently reach those who most need it. Among the notable recipients are: The law firm Boies Schiller Flexner, whose chairman David Boies has represented powerful clients such as former Vice President Al Gore in the Bush v. Gore Supreme Court case, received between $5 million and $10 million. 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). The program has about $132 billion in funding remaining. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. Here’s a list of tech companies that the SBA says took PPP money PPP loan data brings confusion and erroneously lists Bird and Index Ventures among recipients. on Thursday disclosed that her family’s businesses received nearly $480,000. Trump on Saturday signed into law a temporary extension of the PPP, setting a new application deadline of Aug. 8 from June 30. To see the full list of recipients that received a loan of at least $150,000 click here. Recipients affiliated with a franchise are also identified in the SBA’s newest release. To be eligible to receive federal assistance such as a PPP loan, a business must not have any current federal debarments or suspensions. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses. CNBC's Kate Rogers reports on company names of the largest PPP loan recipients. In Florida, 41,686 recipients received PPP loans over $150,000. Rep Vicky Hartzler, R-Mo. Ruth’s Hospitality Group, which owns the Ruth’s Chris Steak House chain, AutoNation and ShakeShack are among those that took out PPP loans. An initial glance shows recipients of all shapes and sizes and from a range of industries, from restaurants, breweries and hotels, to private schools and religious organizations, and to real estate and construction firms. amzn_assoc_search_bar_position = "bottom"; Community Advantage. Firms identified as recipients include $12.8bn Aspiriant, $6.8bn Cynosure Group backed Savant Capital Management, and $4.8bn Estancia Capital Partners-backed Snowden Lane Partners. As of August 8, 2020, after cancellations, SBA had approved 5.2 million PPP loans totaling $525 billion. The SBA is only providing names of organizations that receive loans of more than $150K; loan amounts are being disclosed in range, such as $150K-$300K or $2M-$5M. The SBA calculated loan amounts based on monthly payroll figures and capped loans at a maximum of $10 million. Previously, the SBA announced $15 billion in loans worth more than $150,000 had gone to 26,000 businesses, an average of $577,000. ... the loans. You may view the list of names, by state, on the SBA Paycheck Protection Program Loan Level Data web page . amzn_assoc_ad_mode = "search"; The SBA released other details about the program Monday, including: The PPP’s goal is to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold. EXCEL: SBA Disaster Loan Data FY2008 Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. The program provided those loans to 146,000 state businesses, an average of just under $35,000 per business. This table shows the top 5 industries in Washington by number of loans awarded, with average loan amounts and number of jobs reported. Entrepreneur emailed the SBA earlier this month when the forthcoming disclosure was first announced, seeking clarity on whether any loans exceeded $10 million — and if so, whether their information would ever be made public — but did not hear back. The sum total of loans amounts to in excess of $521 billion, and in a statement, Treasury Secretary Steve Mnuchin remarked, “The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country. 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. Related: Which Public Companies Have Returned Their SBA PPP Loans? December 3, 2020. 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