list of small businesses that received ppp loans

The Colorado Sun received a $212,000 PPP loan for 13 employees. I canceled the trip. Operators of large restaurant and hotel chains were specifically given a green light to get Paycheck Protection Program loans in the $2.2 trillion aid package known as the CARES Act, which was signed into law by President Donald Trump last month after getting approved by the Republican-led Senate and Democratic-run House. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. -1.57% You can check out all the PPP spreadsheets here. … In Mississippi, nearly all — 96% — of loans were directed towards payrolls. Grace Pateras and Joe Harrington contributed to this story. In Connecticut, nearly 8,600 businesses received loans from the federal government through a $660 billion stimulus package that helped small businesses stay afloat during the pandemic. Daniella Medina is a digital producer for the USA TODAY Network. The chairman of Ashford Hospitality Trust, Monty Bennett, told the Journal that “75% or more of the proceeds will be used to bring our employees back to work with the balance to be used to pay utilities, rent, and debt service to lenders.”. 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. SBA records show 15 businesses in Massachusetts were approved for that sum, though it's unclear whether all borrowed or kept the full amount. The federal government withheld the names of the businesses that received these smaller loans, and for loans over $150,000, published amount ranges rather than specific values. Under open government transparency guidelines, information on recipients of the $740B in forgivable government loans issued through the 2020 Paycheck Protection Program by the US Small Business Administration (SBA) are a matter of public record.FederalPay.org has created a powerful search tool that allows public access to the PPP loan database. The Small Business Administration released data on every small business that received a Paycheck Protection Program or Economic Injury Disaster Loan. 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. Results show the range of the loan received, jobs retained, date approved, and other details released by the Treasury Department and Small Business Administration Monday, July 6. Data are now available for all first and second round loans with approval dates up to January 31. There is further data we’re working on for the loans under $150k however so check back in the future for that. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. Archived. Additionally, borrowers that received PPP loans but have since return it, are also excluded. Follow Victor on Twitter at: @vicrek. ... more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business … Search by Business name, city and state, loan amount etc. In May, ProPublica, The Washington Post, The New York Times, Bloomberg, and The Dow Jones sued the SBA for access to PPP loan data.  , which has disclosed receiving $30 million in Paycheck Protection Program loans; Ruth’s Chris Steak House parent Ruth’s Hospitality Group Inc. Searchable PPP Loans - Businesses with PPP Loan 2021 Small Business Administration (SBA) released a list of all the businesses with PPP Loan including Bank and business details. See:Here’s why big chains like Shake Shack got the coronavirus aid for small businesses, And read:Shake Shack says ‘confusing’ small-business loan program needs to change. Businesses receiving PPP loans less than $150,000 are excluded. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor's Business Daily. Politically, according to the Washington Post, companies with connections to a handful of federal lawmakers, like Foremost Maritime, which is a shipping business controlled by the family of Transportation Secretary Elaine Chao, have received PPP loans. The program allowed small businesses to receive loans from private lenders guaranteed by the federal government. The records show nearly 118,000 businesses in the Bay State were approved for SBA loans between April 3, 2020, and Aug. 8, 2020, ranging from as little as $5 to the maximum loan amount of $10 million. Restaurant chains like P.F. Wall Street investment groups, including Semper Capital Management LP and Domini Impact Investments LLC, which manage billions of dollars, also received PPP loans according to Reuters. Kanye West, Planned Parenthood, others received PPP loans. Click here.). The loans were offered to small businesses with 500 or fewer employees. Restaurant chains like P.F. Victor Reklaitis is MarketWatch's Money & Politics reporter and is based in Washington, D.C. Those 53 companies reportedly retained more than 20,500 jobs. Girl Scouts: Girl Scouts of Central and Southern New Jersey, Jersey Shore and Northern New Jersey all received loans of $350,000 to $1 million. According to CovidLoanTracker.com, 4% of U.S. small businesses have received a PPP loan, and as you scroll the list, the vast majority got theirs from a small regional bank. John Farrell, a Republican donor and real estate developer also received a PPP loan. “To the extent these companies didn’t understand this and they repay loans, that will be OK, and if not there will be potentially other consequences.”, Read more:As scores of public companies get small-business aid, Trump vows to take back money if help was ‘inappropriate’. Restaurant chains like P.F. Indiana slashed taxes. ... more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business … Close. Wages have since fallen even further behind the national average, and it's growing more slowly than high-tax California. Designed to cover expenses such as payroll and rent, the loans do not have to be paid back if at least 60 percent of the money is spent keeping or rehiring workers. To find the list of private companies that received PPP loans, it’s as easy as navigating to the SBA Paycheck Protection Program Data Lookup Tool and searching for the information. Restaurant chains like P.F. To qualify for PPP loan forgiveness, you obviously need to have received a PPP loan. In Illinois 27,412 recipients received loans of $150,000 or more. The U.S. Small Business Administration (SBA) and Treasury released Monday the names of all organizations that received Paycheck Protection Program (PPP) forgivable loans of $150,000 or more. Browse & Search CARES Act PPP Recipients. Here's how recycling will play a role, My ex-husband moved in. Find Latest SBA PPP Loan Details . In its high-tax areas. About 72% of the loans under $150,000 went to businesses that said the loans saved 25 or fewer jobs. Here’s the full list of companies that received Paycheck Protection Program loans over $150,000 A Wall Street Journal report lists 103 public companies that got more than $380 million in PPP loans. List of small businesses in Portland who received $150k+ in PPP loans now available (published by treasury department). Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company who did. The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. The loans … Search through North Carolina businesses that benefited from the Paycheck Protection Program with our database by searching below. SHAK, Overall, more than 100 public companies have received nearly $500 million in PPP funds, according to Footnoted, an information service focused on Securities and Exchange Commission filings. ETF Wrap: Watch out, dogecoin, as ETFs see surging 2021 demand, too. His loan went to retain 41 jobs, according to data released by the Small Business Administration, which guarantees the loans. ORLANDO, Fla. – Florida has 42,207 businesses that received at least $150,000 in Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA), according to SBA. My friend set up a GoFundMe to pay for her sick pet, instead of getting a refund on our vacation. According to the SBA, more than 4.8 million PPP loans were approved through June 30, with the average loan size being $107,000. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000. A few other notable data points: Narrow the list by typing in a business or city name. But just as importantly, you need to have used your loan in specified ways. 91. The Ayn Rand Institute received a loan and defended it on Twitter. The significant range is due to the relatively broad way that PPP loans are publicly disclosed. -9.44% In the largest dollar amount grouping, 53 Alabama businesses received PPP loans between $5 million and $10 million. RUTH, Yet of the $349 bn “approved”, only about 7% of … Funded Companies PPP Loan Data.  , which on Monday said it was returning its $10 million PPP loan. CHARLESTON, S.C. (WCBD) – Exactly 4,885,388 loans were distributed across the nation as part of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP… Before IBD, he worked for several newspapers in Virginia. Posted by 10 months ago. A searchable database contains partial information on 42K Fla. company names that received more than $150K – but no business names for smaller loans. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. 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. Instead of citing a specific amount that a given business received, it will be listed as having received, for instance, $5-$10 million. This directory is composed of all companies that have received loans under the Paycheck Protections Program …  , which has reported getting $20 million in PPP loans; and burger chain Shake Shack Inc. -0.60% The loans between $150,000 and $10 million supported more than 711,000 jobs in Minnesota, according to the PPP … Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor's Business Daily. The PPP initially received $350 billion last month and drew strong demand, with many small businesses reporting problems in getting the aid. Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business lending program. Here are a few tips and tricks that will make using the tool a little bit easier. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. AHT, Is this the key to cheaper EVs? Not included in the bank’s chart are hotel REIT Ashford Hospitality Trust Inc. On average, businesses in the state received about $7,000 per employee. All rights reserved. Massachusetts PPP Loan List: See How Much Each Company Received New federal records obtained by NBC News and other news organizations provide the most in-depth accounting to date of the SBA's Paycheck Protection Program, which provided millions in pandemic relief through forgivable loans to businesses. In Pennsylvania, more than 97,000 entities borrowed money from the federal program, according to the Associated Press. Chime is only accepting some deposits from certain lenders. He pays $150 for cable, his only expense, and gives me the silent treatment if I ask him to pay for dinner. © 2021 www.citizen-times.com. List of small businesses in Portland who received $150k+ in PPP loans now available (published by treasury department). Ruth’s Hospitality Group has said that it asked for the aid to make sure it’s “well positioned to emerge from this situation a strong and viable entity,” and the company has said it will be following all Small Business Administration guidelines for the funds. Kanye West, Planned Parenthood, others received PPP loans. “We’re going to put up very clear guidance so that people understand what the certification is, what it means if you’re a big company,” Mnuchin also said. Internationally, South Korean airline Korean Air received a PPP loan. Click below to download the Illinois loan data. February 4, 2021--Earlier this week, the Small Business Administration (SBA) quietly released a massive trove of Paycheck Protection Program (PPP) loan data. Victor Reklaitis is MarketWatch's Money & Politics reporter and is based in Washington, D.C. Several law firms, including ones with ties to President Trump (Kasowitz, Benson & Torres) and former vice president Al Gore and film producer Harvey Weinstein (Boies Schiller Flexner) also received PPP loans. The Girl Scouts of Montana and Wyoming were approved for between $350,000 and $1 million. The growth in Texas? Copyright © 2021 MarketWatch, Inc. All rights reserved. List of PPP small business loan recipients released July 6, 2020 admin Small Business News 0 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 . Otherwise, it carries a 1 percent interest rate and must be repaid within two years. Here’s what you need to watch, says strategist. Follow her on Twitter @danimedinanews. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. A total of 30,100 businesses indicated that the loan was saving one job. Cryptos and stocks like NIO and Tilray are crucially linked. North Carolina businesses that applied for and received a loan as part of a national effort to save small companies during the coronavirus pandemic is now public information. Your California Privacy Rights / Privacy Policy. The numbers are in: 2,447 Citrus County businesses and nonprofits so far have received federal Paycheck Protection Program (PPP) loans to help them get back on their financial feet. About 72% of the loans under $150,000 went to businesses that said the loans saved 25 or fewer jobs. Before IBD, he worked for several newspapers in Virginia, As scores of public companies get small-business aid, Trump vows to take back money if help was ‘inappropriate’, reported getting $20 million in PPP loans, signed into law by President Donald Trump last month, Here’s why big chains like Shake Shack got the coronavirus aid for small businesses, Shake Shack says ‘confusing’ small-business loan program needs to change, reached a deal that would replenish the program, Texas, California and Indiana offer surprising lessons about low taxes and economic growth, SEC’s Gensler hints at new rules aimed at Robinhood, Citadel following GameStop saga, Stuck in the netherworld between pandemic and recovery, it’s time for reasonable people to say ‘enough’, Biden administration backs waiving IP protections for COVID vaccines, ‘Please delete this tweet’: Youngest person in modern history to be elected to Congress celebrates win with Trump-style Twitter trolling. It ran out of money last week, and the Trump administration and lawmakers on Tuesday reached a deal that would replenish the program with an additional $320 billion. Not included in the bank’s chart are hotel REIT Ashford Hospitality Trust Inc. Recipients below that amount were not identified by the SBA. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Of those, 26,000 businesses or organizations received … Who’s right? Kanye West, Planned Parenthood, others received PPP loans Across the country, more than 660,000 businesses received $150,000 or up to the $10 million maximum from the small-business … ... 41,686 recipients received PPP loans … More than 100 publicly traded companies have received coronavirus aid meant for small businesses, spurring the Trump administration to make an effort to potentially get some of the money back. More than 30 Girl Scout chapters across the country received PPP loans, the Treasury said. More than 57,000 business entities — including nonprofits — each received loans up to $149,999. “The intent of this money was not for big public companies that have access to capital,” Treasury Secretary Steven Mnuchin said on Tuesday evening at the White House’s daily coronavirus briefing. The following data was provided by the SBA & US Treasury Department showing a breakdown of all the companies who received loans over $150,000. Each of these companies was authorized for a loan by the SBA during the initial round of PPP funding. TL;DR: Small businesses – including 1099s and sole proprietors – are only eligible for PPP loans if they’ve been in existence prior to February 15, 2020. Below is a handy chart from Morgan Stanley analysts listing 40 public companies that have received loans ranging from $3 million to $15 million. (Note: Not seeing the search bar above? The Paycheck Protection Program (PPP) is designed to help small business owners keep their doors open and their employees on the job during the pandemic. Planned Parenthood: Chapters across the country received loans; Planned Parenthood of Central and Western New York received $2 million to $5 million. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. The SBA says around 1.7m loans were approved, accounting for only 6.6% of the 30,000,000 small businesses in the country. U.S. releases list of R.I. companies that received PPP loans. A total of 30,100 businesses indicated that the loan was saving one job. On Twitter 's how recycling will play a role, my ex-husband in. Or up to the company who did ’ re working on for the loans approved... Grace Pateras and Joe Harrington contributed to this story, Legal Sea Foods and list of small businesses that received ppp loans either. 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