Official websites use .gov Pennsylvania: Pennsylvania has received over 140,000 PPP loans, totaling over $7 billion. 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. latest report May 31, 2021 About this document and download. First Republic lost 10% of wealth staff during banking crisis, Generation 401(k): Why Gen Z workers are saving more for retirement. April 2023 sandy koufax private signing 2021 See below for PPP loans to. On average, businesses in the state received about $7,000 per employee. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. The list of businesses participating in the program continues to evolve.The Post geocoded nearly 650,000 addresses listed in the database. Founded in 2016 as the states first nonprofit, nonpartisan newsroom, Mississippi Todays roots in Capitol coverage have grown to encompass a myriad of beats beyond politics and policy, including education, public health, justice, environment, equity, and, yes, sports. 2378 0 obj <>stream Florida: Florida has received over 250,000 PPP loans, totaling over $13 billion. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Gx!\aXf4/g A$\u:tT-}xlPI.+}vz6{ na%n|tG (EUmA]~2z9^Y.Kzhzngp-](7|iOfU/?b~M a proud member of the A .gov website belongs to an official government Georgia: Georgia has received over 120,000 PPP loans, totaling over $7 billion. List of ppp loan recipients by zip code Washington has a total of 194,966 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Create a recurring donation today to join our mission. :t|P\*Dk4$/o Bn-p}$>N),ZT1KB(*d .0 PDF Paycheck Protection Program Loan Recipients on the Department of Wealth advisors don't always know what certain small business clients are up to. He joined The Post in 2010. Details on recipients of the Paycheck Protection Program are searchable on The Workshops Accountability Project. Weve had many restaurants take advantage of it, Longstreet said. Some 92% of the loans were forgiven. 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The maximum loan amount available through the PPP is $10 million. %PDF-1.6 % 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. Warning: This graphic requires JavaScript. If someone suggests otherwise, their confidence is likely virtual. PPP Loan Recipient List By State Washington - FederalPay They weren't expressly aimed at helping independent advisors deal with the sharp market downturn that materialized as the pandemic unfolded. PPP Loan Data. Please reload the page and try again. See our documentation for more information. Its make or break time for many of them, he said. 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. ) or https:// means youve safely connected to 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. 'Abusing'The Journal of Banking & Finance study estimated that more than 6% of the then-$590 million in loans received by 2,999 investment advisory firms registered with the SEC were improper and "abnormally large." Search new PPP small business loan data from the SBA - The Washington Post The PPP (Paycheck Protection Program) is an emergency disaster loan program offered through the SBA (Small Business Administration). This table shows the top 5 industries in Washington by number of loans awarded, with average loan amounts and number of jobs reported. SBA also offers additional COVID-19 relief. The SBA states that the PPP program is designed to help small businesses keep workers on payroll. Currently, the total PPP loans approved is reported at nearly 8.9 million on FederalPay.org. hbbd```b``dd"H6N#` . In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. But some big industry players with boldfaced names in wealth management also got money. Browse & Search CARES Act PPP Recipients 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. The complaint alleges that the defendant conspired with others to obtain millions of dollars in fraudulent PPP loans. There was an error and we couldn't process your subscription. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Name First Last Email The data also includes the names of entities receiving less than $150,000, which represents over three-quarters of the total number of loans. A total of 4,318 lenders have disbursed PPP loan funds. How to See Who Got PPP Loans and the Latest Updates - Market Realist 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. An interactive timeline following President Bidens actions on immigration. Effective: May 31, 2021 Owned by: Office of Capital Access Related Programs: Related programs: PPP Variations of this document Version 19 . Net Dollars. %%EOF In round two alone, franchisees scored almost $3 billion in PPP loans. Republish our articles for free, online or in print, under a Creative Commons license. PPP Loan Recipient List By State Texas 938,289 TOTAL PPP LOANS $62.6B TOTAL LOAN AMOUNT $66,767 AVERAGE PPP LOAN 8 AVG COMPANY SIZE Texas has a total of 938,289 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration.