list of ppp loan recipients by name

A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. whenheoriginallyimplied that theTrump 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. With the upcoming release of identifying information, a PPP borrower should assume that interest in the details of its loan will not be limited to a potential SBA audit. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. The program launched in early April with $349 billion in funding that was exhausted in less than two weeks by businesses and other entities seeking funds to help cope with the economic impacts of the COVID-19 pandemic. Armed with information specific to borrowers and industries, OIGs of other executive agencies may also launch industry-wide investigations into the use of PPP funds. [9] U.S. Dept of Health & Human Servs., CARES Act Provider Relief Fund (June 23, 2020),https://www.hhs.gov/coronavirus/cares-act-provider-relief-fund/general-information/index.html. Companies said that the funding supported more than 51 million jobs. Congress designed the loans to support organizations facing economic hardships created by the coronavirus pandemic and assist them in continuing to pay employee salaries. Learn more by downloading this comprehensive report. The resulting publicity will likely drive investigative priorities across the public and private sectors. [6] For example, on 15 May 2020, DOJ reportedly issued grand jury subpoenas to several of the largest PPP lenders as part of a comprehensive investigation into potential fraud and abuse related to the PPP, including by borrowers. Ms. Musselman has experience representing companies and individuals before the U.S. Department of Justice, U.S. Securities and Exchange Commission, and Public Company Accounting Oversight Board in connection with civil and criminal investigations. BIG NEWS? What happens to First Republic Bank's stock and deposits now? A total of 109,212 loans were distributed to Virginia leading to a reported 974,130 jobs being retained. The SBA released the raw PPP loan data in massive CSV files and we heard from many of you that you were looking for an easier way to lookup business names or locations. After those funds quickly ran out, the government replenished the program with an additional $310 billion. [10] Providers should memorialize their rationale and basis for requesting any of the funds and carefully document their appropriate use of each type of funds to be prepared to withstand scrutiny. $17.9B TOTAL LOAN AMOUNT. With health care employment down by 1.1 million since March 2020, the chances of a former employee filing a qui tam suit against a former healthcare employer is even higher. CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. The Treasury Department has released only dollar ranges for the loan amounts, rather than exact figures. SBA OIG provided PPP loan data to Treasury's DNP team that used SBA business rules for PPP eligibility to analyze the data. 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 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. f. Demographic data; For loans below $150,000, totals will be released, aggregated by zip code, by industry, by business type, and by various demographic categories.Id. The U.S. government has released a list of businesses that have received emergency pandemic loans of $150,000 or more. Unless otherwise noted, attorneys are not certified by the Texas Board of Legal Specialization, nor can NLR attest to the accuracy of any notation of Legal Specialization or other Professional Credentials. The program initially was set to expire June 30 but was extended last week to Aug. 8, with $132 billion still available. Select Different Area . Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. He called the program "a historic lifeline" for small businesses during the pandemic. [9] Providers that accepted federal funds from two or all three of these sources have a significantly elevated risk of investigation and prosecution for perceived or alleged misuse of funds. Hubwonk host Joe Selvaggi talks with Pioneer Senior Fellow in Healthcare Josh Archambault about his newest research paper, produced with the Cicero Institute and the Reason Foundation, on states' success in implementing telehealth to improve healthcare outcomes. Designed to cover expenses such as payroll and rent, the loans do not. A five-week extension for the PPP approved by Congress and signed by President Donald Trump reopened the application window for PPP funds until Aug. 8. Find Latest SBA PPP Loan Details Search by Business name, city, state, loan amount etc Search Loan Details 1 2 3 4 5 6 7 8 9 10 . Powered and implemented by FactSet. d. Zip code; Legal Statement. Record unemployment may compound this risk. In addition, of course, investment managers and private equity employees tend to be exceedingly well-paid occupations. Restrictive Covenants in Real Estate: Next Antitrust Enforcement Target? $150,000350,000; Funded Companies PPP Loan Data. Here's how. Thursday's order requires the SBA to be more specific. In 2014, TGI Fridays was bought by the the New York private equity firm TriArtisan Capital Advisors. Banks accounted for about $497 billion in loans, followed by credit unions ($9.7 billion), small business lending companies ($6.6 billion), and fintech ($4.7 billion). Largest PPP Loan Recipients List Nationwide A total of 108,254 businesses across the United States have received Coronavirus-related Paycheck Protection Loans (PPP) loans from the Small Business Administration of the MAXIMUM available amount of $10,000,000 (ten million dollars). Adams Communication & Engineering Technology, Inc. Professional, Scientific, and Technical Services, Data Processing, Hosting, and Related Services, Other Services (except Public Administration), Truist Bank d/b/a Branch Banking & Trust Co, Offices of Physicians (except Mental Health Specialists), JPMorgan Chase Bank, National Association, All Other Professional, Scientific, and Technical Services, Chesapeake Bay Seafood House Associates, LLC, Residential Intellectual and Developmental Disability Facilities, Other Scientific and Technical Consulting Services, Power, Distribution, and Specialty Transformer Manufacturing, Evms Academic Physicians And Surgeons Health Services Foundation, F. H. Furr Plumbing, Heating & Air Conditioning, Inc, Plumbing, Heating, and Air-Conditioning Contractors, Internet Publishing and Broadcasting and Web Search Portals, Administrative Management and General Management Consulting Services, Administrative and Support and Waste Management and Remediation Services, Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU, Professional and Management Development Training, Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing. Todays release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors., The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators, said Administrator Jovita Carranza. Todays data shows that small businesses of all types and across all industries benefited from this unprecedented program. Search by zip code, business name, type of business, etc at https://ppploandata.org or at https://h. Companies were not required to supply demographic data on their applications, and many entries about race and gender contained "unanswered.". As of Jun 30th, 2020. 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. A spokesperson for the Agriculture Department said Perdue Inc., a trucking service, said the loan was for about $182,000 and supported 27 jobs. [14] Press Release, U.S. House of Reps., Select Subcomm. But the program was only intended to carry the economy through a short interruption from the pandemic, which is now threatening to have a longer-lasting impact. The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses, he continued. [13]Id. Automobile and Other Motor Vehicle Merchant Wholesalers, Stationery and Office Supplies Merchant Wholesalers, Wine and Distilled Alcoholic Beverage Merchant Wholesalers, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals), Accounting Research & Analytics, LLC Dba Cfra, d/b/a CFRA 675 PETER JEFFERSON PKWY STE 100, Sporting and Athletic Goods Manufacturing. Get Our COVID-19 News, Tips & Resources! You have reached SBA.com. 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. SBA reveals full list of recipients of PPP loans By John Finnerty jfinnerty@cnhi.com Dec 2, 2020 HARRISBURG - Data released by the Small Business Administration Tuesday reveal which. A survey by the National Federation of Independent Business found that as of mid-June, 14% of small businesses that borrowed from the PPP expected they would have to lay off some workers when their loan ran out. Pioneer Institute has filed a Public Records Act request related to COVID's impact on Massachusetts long-term care facilities because the Institute believes this is a matter of obvious importance, both on principle (the public has a right to know the facts), and for purposes of evaluating and where possible improving public policy. See our Advertiser Disclosure. This site uses cookies to store information on your computer. 33,010, 33,012 (June 1, 2020) at III.1.c. In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic. ineligible loan applicants. list of ppp loan recipients by name california. Media companies, including Newsday and American Media, former owner of the National Enquirer, got loans of up to $5 million. Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. Designed to cover expenses such as payroll and rent, the loans do not. We are a private business providing resources for small businesses, including resources for PPP loans.

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