SBA Announces Disclosure of PPP Recipient Information

On Friday, the Small Business Administration (SBA) and Treasury agreed to publish the names and amount ranges for all recipients of Paycheck Protection Program (PPP) loans between $150,000 and $10.0 million.

The SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, nonprofit information, jobs supported, and loan amount ranges as follows:

  • $150,00 – $350,000
  • $350,000 – $1 million
  • $1 – $2 million
  • $2 – $5 million
  • $5 – $10 million

These categories account for nearly 75% of the loan dollars approved by lenders.  Loans below $150,000 in size will be aggregated by zip code, by industry, by business type, and by various demographic categories.

This announcement comes amid bipartisan pressure to make additional information regarding the program public.

For the latest PPP Report detailing data on the program through June 20, 2020, please see here.

A printable version of this information can be found by clicking HERE.

 

Authors: Mark Brasee & Neil Hassler

Mark L. Brasee

Mark L. Brasee

Partner

(402) 978-5306
mbrasee@fraserstryker.com

Neil P. Hassler

Neil P. Hassler

Associate

(402) 978-5374
nhassler@fraserstryker.com

This article has been prepared for general information purposes and (1) does not create or constitute an attorney-client relationship, (2) is not intended as a solicitation, (3) is not intended to convey or constitute legal advice, and (4) is not a substitute for obtaining legal advice from a qualified attorney. Always seek professional counsel prior to taking action.