There’s a broad conse…, The Financial Action Task Force (FATF) concluded its 2nd plenary meeting today, which focused on finalizing guidanc… https://t.co/RmLcFA13jp, Form 941, employer's quarterly federal tax return, Assistance for American Workers and Families, SBA Paycheck Protection Program Loan Data, The CARES Act Recent Remarks and Statements, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Administrative Resource Center (ARC)- Bureau of the Fiscal Service, To download Paycheck Protection Program loans of, Click on the state or territory below to download loan data. — CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. Jared Kushner's parents' family foundation supports the school, NBC News reported. And now we know who and how much. 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. The program was initially rolled out in April, offering $349 billion to small businesses. Search a list of all Pennsylvania businesses and organizations that received more than $150,000 in loans from the Paycheck Protection Program … The program has about $132 billion in funding remaining. Michigan PPP loan recipients: See the full searchable list of who received them ... that benefited from the Paycheck Protection Program with our database by searching below. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. So did the Los Angeles Lakers. WASHINGTON (KLFY) -- The U.S. Treasury Department and the Small Business Administration released an immense amount of data regarding the recipients of the Paycheck Protection Program … To download all Paycheck Protection Program data through August 08, 2020, click here. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the 2020 US Federal government Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.. The Small Business Administration released the names of businesses Monday that received loans of more than $150,000 under the Paycheck Protection Program, … Global Business and Financial News, Stock Quotes, and Market Data and Analysis. SBA and Treasury Announce Release of Paycheck Protection Program Loan Data. In Colorado, the loans helped keep about 900,000 people […] Sign up for free newsletters and get more CNBC delivered to your inbox. Paycheck Protection Program Washington Shown is a portion of a Small Business Administration Paycheck Protection Program Borrower Application Form, Tuesday, April 21, … According to the data, 4,821 Iowa corn farmers received Paycheck Protection Program loans in Iowa, about 8% of all loans in the state. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. This table shows the top 5 industries in New Jersey by number of loans awarded, with average loan amounts and number of jobs reported. Until this month, the federal government shared only limited information about the companies receiving those loans. A Division of NBCUniversal. Restaurant chains P.F. To download Paycheck Protection Program loans of $150,000 and above for all 56 states, territories, and the District of Columbia, click here. The Small Business Administration this week released lists of businesses that received money through the Paycheck Protection Program (PPP). SBA and Treasury Announce Release of Paycheck Protection Program Loan Data July 6, 2020 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). It has approved 4.9 million loans for a total of more than $521 billion. A summary of key data aspects is available here. South Florida Paycheck Protection Program (PPP) recipients. SBA and Treasury to release names of largest PPP loan recipients. Searchable database of Virginia businesses that received Small Business Administration loans through the Paycheck Protection Program. We want to hear from you. Those loans disclosed represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. Here’s the full list of companies that received Paycheck Protection Program loans over $150,000 The SBA released a trove of data about the Paycheck Protection Program… 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. > Paycheck Protection Program Recipients to be Made Public. Transportation Secretary Elaine Chao's family's business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Companies said that the funding supported more than 51 million jobs. The Paycheck Protection Program (PPP), which has approved $521 billion to help small businesses keep workers on their payrolls through low-interest, forgivable loans, has been a … Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. when he originally implied that the Trump administration would not disclose the names of participants, tried to take the restaurant chain public, More than $30 billion in loans were returned overall, forced to close shop as result of the pandemic. Get this delivered to your inbox, and more info about our products and services. 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The Paycheck Protection Program is one of several federal relief efforts created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which passed Congress with bipartisan support and was signed into law by President Donald Trump in March. Approximately 104,402 of them were approved for a total of $10.4 billion. Industries getting the largest share of net PPP dollars were health and social assistance, professional, scientific and technical services, construction and manufacturing. Eligible businesses and nonprofits, generally with 500 employees or fewer, apply through banks for subsidized loans intended to help … Niche movie theater chain Alamo Drafthouse received a loan of at least $5 million. Chao is the wife of Senate Majority Leader Mitch McConnell, R-Ky. Perdue Inc., a trucking company co-founded by Agriculture Secretary Sonny Perdue, was approved for $150,000 to $350,000 in loan money. The House of Representatives followed the Senate in passing a measure Wednesday to extend the program's application deadline from June 30 to Aug. 8. After those funds quickly ran out, the government replenished the program with an additional $310 billion. Some firms said they didn't receive or apply for the money they're listed as getting. Previous Next . 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. About 87% of the loans were for less than $150,000, according to the SBA. The Ayn Rand Institute, named for the objectivist writer cited as an influence on libertarian thought, was approved for $350,000 to $ 1 million. Perdue's adult children are 99% stakeholders in a trust that indirectly owns the company, and the secretary did not have any influence on the SBA's loan decisions or the company's decision to apply for aid, the spokesperson said. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on the payroll. 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. 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. All Rights Reserved. These loans are expected to turn to grants and as such represent a transfer of wealth from the US … The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. Statewide Map of businesses that received Paycheck Protection Program loans. The Office of Inspector General (OIG) is issuing this Management Alert to bring to your attention serious concerns about improper payments to lenders for potentially ineligible recipients of loans under SBA’s Paycheck Protection Program (PPP) in response to the Coronavirus Disease 2019 (COVID-19) pandemic. Full-service restaurants ranked second, with 1,732 loans. Rep Vicky Hartzler, R-Mo., on Thursday disclosed that her family's businesses received nearly $480,000. Rank Company name / URL Dollar volume of approved loans, ties broken by no. It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. Graphics by CNBC's John Schoen. © 2021 CNBC LLC. The Archdiocese of New York got a loan valued at between $5 million and $10 million, while the Catholic Charities of the Archdioceses of San Francisco, Washington, D.C., New Orleans and Boston, among others, all received assistance valued at more than $2 million. Trending. This company embraced the coronavirus economy and now it is hiring workers. Trump on Saturday signed the extension into law. Under open government transparency guidelines, information on recipients of the $523B 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. SEARCH THE DATABASE: Virginia Paycheck Protection Program Loan Recipients Virginia News Posted: Jul 6, 2020 / 08:11 PM EDT / Updated: Jul 7, 2020 / 03:27 PM EDT To download all Paycheck Protection Program data through August 08, 2020, click here. They — and many more companies — ultimately returned the money after public outcry. Data is a real-time snapshot *Data is delayed at least 15 minutes. Paycheck Protection Program Recipients. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNation and ShakeShack are among those that took out PPP loans. 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Yellen on the Historic Impact of Economic Crises on People of Color, Statement from Secretary of the Treasury Janet L. Yellen on the Congressional Budget Office Economic Outlook Report, Statement by Secretary Steven T. Mnuchin on Passage of the Coronavirus Response and Relief Supplemental Appropriations Act, RT @JanetYellen: As an economist— and an American— I applaud the House’s favorable vote on the American Rescue Plan. Senate reaches deal to extend Paycheck Protection Program hours before it was set to expire Government transparency advocates said the public should have access to … The Treasury Department and Small Business Administration on Monday disclosed the names of businesses to whom they have lent more than $150,000 as part of the Paycheck Protection Program. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. 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. Paycheck Protection Program Loan Recipients to be Disclosed On December 1, 2020 By Jon Gentile Today, December 1, the Small Business Administration (SBA) will reveal the identities of business owners who took coronavirus relief loans through the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The private equity firm. To request an update, please fill out this form. NOTE: The map is based off of addresses provided on the application. 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. This agreement will ensure that the interests of both transparency and protections for small businesses are served. The program, established to … After months of delays and outright refusals, the Trump administration publicly released the names of some companies that received taxpayer money through the Paycheck Protection Program. More than 40% of Black small business owners were forced to close shop as result of the pandemic. Treasury Secretary Steven Mnuchin sparked an outcry from Democrats when he originally implied that the Trump administration would not disclose the names of participants. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. More than $30 billion in loans were returned overall, senior administration officials who declined to be named said Monday. Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women's National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000. There were several errors in the database, so it's not clear whether all the companies listed received the funds. Those loans represent nearly three-fourths of total loan dollars approved, but a far smaller proportion of the number of actual loans. of jobs retained, then alphabetically The Treasury Department on Monday released data about the Paycheck Protection Program, including identifying businesses that received more than $150,000 in loans. Democrats have sought assurances that programs established to help Main Street sufficiently reach those who most need it. 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. The Treasury and SBA later reversed course, saying they would disclose names and other details about businesses that took PPP loans of $150,000 and above. Download. TOPLINE. U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC. Got a confidential news tip? The Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. Data by State. Colorado small businesses found some financial relief during the coronavirus pandemic thanks to the $600 billion in federal stimulus loans known as the Paycheck Protection Program. ... Other top recipients … Many Ohio businesses turned to the Paycheck Protection Program from the Small Business Administration to help keep people employed during the coronavirus pandemic. All Data. Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump's son-in-law and advisor Jared Kushner's grandfather, got a loan in the range of $1 million to $2 million. ... with the bipartisan leaders of the U.S. Senate Small Business Committee to make public additional data regarding the Paycheck Protection Program (PPP). According to data on the government’s Paycheck Protection Program (PPP), about 600 mostly larger companies, including dozens of national chains, received the … Paycheck Protection Program Loan Data. New Jersey has a total of 155,852 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. 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. An SBA-backed loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Narrow the list … [The full list is available on the Small Business Administration website, which you can access here.]. Larger and public companies initially took advantage of loosely written language to tap the funds for themselves. As the coronavirus pandemic began ravaging the economy last spring, Congress passed the Paycheck Protection Program, one of the landmark pieces of Covid-19 stimulus efforts intended to get cash to businesses quickly. The full list of Paycheck Protection Program recipients released by the Small Business Association on Monday shows that of the 14% of businesses which chose to identify race in their loan application, Black-owned businesses received 1.9% of loans while White-owned businesses received 83%. The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. The publicly released PPP data is based on information submitted by the lender to SBA. TGI Fridays, which is backed by private equity firm TriArtisan Capital Advisors, received at least $5 million. A summary of key data aspects is available here. 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. Not Pay List .
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