Minnesota has a total of 190,660 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Ben Popken is a senior business reporter for NBC News. 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 Trump and Kushner companies did not themselves receive the loans, and the article has been changed to make that clear. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. The data reveals the most complete accounting to date of the more than $700 billion in forgivable loans Congress and the Trump administration introduced in the spring for allowable expenses, including payroll, rent, utilities and mortgage interest payments. Among the loan recipients, 48,922 reported zero as the number of jobs they would retain with the money, and 40,506 applicants appeared to leave that section blank. More than 300 companies appear to have each gotten more than $10 million in loans through their subsidiaries. The Roman Catholic dioceses in California, New York, Nevada, Tennessee and Kentucky also received loans. Narrow the list by typing in a business or city name. This link will redirect you to a site that may have certain associated risks, including not being insured by federal deposit insurance. The amount of the loan forgiveness may be reduced based on the percentage of eligible costs attributed to nonpayroll costs, any decrease in employee headcount, and decreases in salaries or wages per employee. Fifteen of the businesses self-reported that they only kept one job, zero jobs or did not report a number at all. We also have compiled state-by-state files for download. Judge James Boasberg of the U.S. District Court for the District of Columbia last week ordered the agency to release the information by Dec. 1, rejecting the SBA’s … Businesses owned by people of color without strong banking relationships found themselves with limited access and forced them to find other routes for funding. Jabin Botsford / The Washington Post via Getty Images file, data released by the Small Business Administration, barred businesses controlled by government officials and their family members. 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. The indirect benefits the Trump and Kushner businesses received were not prohibited by law. This table shows the top 5 industries in Minnesota by number of loans awarded, with average loan amounts and number of jobs reported. In addition, the earlier version did not include responses from the two companies, which have been added. The government on Monday identified about 650,000 mostly small businesses and nonprofits that received taxpayer money through a … Search. Jim Billimoria, an SBA spokesman, also noted that the missing information was the fault of the lenders. For an optimal experience visit our site on another browser. 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. Note. All rights reserved. It later closed. To be eligible for a “second-draw” PPP loan a business can’t have more than 300 employees. Squawk Alley. Business swamped the PPP with loan requests when it launched in early April, claiming the initial $349 billion allocated to the program in less than two weeks. The DOJ is Targeting All Types of PPP Loan Recipients The DOJ is targeting individuals and businesses in PPP loan fraud investigations, and it is targeting those who received loans of all sizes. Search. In short, use the following as a guide: Form 3508S is used only for loans of $150,000 or less. The application deadline was set to expire on March 31, 2021, but now employers have until May 31, 2021. These categories account for nearly 75 percent of the loan dollars approved. Guidance on the expanded program was released just over two weeks… Details on recipients of the Paycheck Protection Program are searchable on The Workshop’s Accountability Project. The data did not show that the Trump Organization received PPP loans for its properties. In order to qualify for 100% PPP loan forgiveness, your business must meet several criteria. Banks to apply for PPP forgiveness tenants at the Kushner-owned 666 5th Avenue, Trump,... 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