6 AVG COMPANY SIZE. In an 18-page report, the SBA and Treasury revealed that 86.5% of PPP loans were for less than $150,000. These loans . 117,892 TOTAL PPP LOANS. Type of Set Aside. That secrecy spurred a lawsuit by news organizations including the Associated Press. That's an average of 25 employees per company. The CARES Act includes a provision for GAO to monitor funds provided for the COVID-19 pandemic. GAO reviewed documents from SBA, an EIDL contractor, and two of its subcontractors. Thursday's order requires the SBA to be more specific. Join nearly 100,000 others getting early access to grants and other funding opportunities. Chang's China Bistro says a PPP loan helped it keep 12,000 workers employed and transition its restaurants to carry-out-only during the coronavirus pandemic. The two administrators of the PPP released additional figures for the program on Friday, detailing how much in loans were approved by industry, state and size of loan. Accountable.US shines a light on corporations and special interests that too often wield unchecked power and obstruct progress. Though the PPP program was designed to help small businesses, big hotel and restaurant chains were also allowed to apply. That list includes places like the Indianapolis Zoo that received $2 - $5 million with the promise of retaining 394 jobs. The Treasury Department has released only dollar ranges for the loan amounts, rather than exact figures. "And now we're dealing with a mid- to long-term problem.". A portion of these applications have been identified as potential fraud risks in previous OIG reports. When emailing SBA, remember to always include your loan or application number . Brian Niesz. The maximum combined loan amount is $2 million. The U.S. SBA regularly publishes EIDL loan data for all past EIDL loan recipients. Yeezy, best known for its $250 sneakers, just announced a major deal with Gap that will have the rap superstar designing hoodies and T-shirts to be sold in the chain's 1,100 stores around the world. Jobs People Learning . Health care, professional and business services, construction and manufacturing received a greater share of loans. Senior administration officials who briefed reporters before the release said they hoped to get more information when owners submit applications for loan forgiveness over the next few months. Effortless payroll. The Treasury Department identified just a fraction of the total borrowers Monday, naming only companies that got more than $150,000. As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. 43. Japanese giant Sumitomo Mitsui Banking Corp. has invested $150 million in the digital bank, which aims to roll out personal loans, savings and checking accounts within the next 12 to 18 months. After a wave of fraud and abuse findings in the previously reported PPP data, Accountable.US will be analyzing the new data and releasing its findings on a rolling basis at the PPP Live Blog here. Further, GAO's analysis of 51 Department of Justice cases involving fraud charges for EIDL loans as of March 2021 found that these cases involved identity theft, false attestation, fictitious or inflated employee counts, and misuse of proceeds. Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. The Small Business Administration (SBA) approved over $390 billion in COVID-19 Economic Injury Disaster Loans (EIDLs) to help small businesses during the pandemic. Some other well-known fashion and retail names whose businesses were pummeled by store shutdowns were also approved for loans. Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Under a federal judge's order, the SBA recently released loan-level data that covers lending through mid-November. This material may not be published, broadcast, rewritten, or redistributed. The economy still has nearly 15 million fewer jobs than before the pandemic. Business Unusual: Self-Employed and Struggling With PPP, Banks Begin Accepting Small Business Loan Applications Under Payroll Protection Program, Confused and Waiting for Promised Financial Relief, Small Business Owners Turn to Each Other for Answers, COVID-19: A Checklist for Returning to Work, HR Checklist for Remote Hiring and Onboarding. CSV; Superstorm Sandy. Extent Competed. Loan Count. This table shows the top 5 industries in Connecticut by . p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica} However, many minority-owned businesses are run by the owner, with few, if any, employees, so their loan amounts likely were under $150,000 and therefore not part of the data release. By submitting your cell phone number you are agreeing to receive periodic text messages from this organization. Many months and broken promises later, the court-ordered release of this crucial data while the Trump administration is one foot out the door is a shameful dereliction of duty and flagrant mismanagement of a program that millions of workers and small businesses needed to get through this pandemic. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The SBA's inspector general in late July called for closer oversight of the EIDL program over fraud concerns, and followed up last week with a report indicating that the SBA has referred more than 80,000 loans to law enforcement. Also, the program is susceptible to payment errors. After Court-Ordered Release of Previously Undisclosed Data on PPP Loans Below $150,000, Accountable.US Continues Campaign Targeting Waste, Fraud, And Abuse in Program. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. The publication is owned by Dow Jones, one of the five media organizations that sued the SBA in May to release the information. According to court documents, Hassan Kanyike, 29, of Santa . The SBA warned banks in recent months to investigate suspicious activity tied to the program. In an effort to provide greater transparency into this latest tranche of data, Accountable.US compiled the information into a searchable database at searchPPP.com. span.s1 {letter-spacing: 0.0px} A CFPB proposal aims to eliminate screen scraping by requiring banks to establish APIs, standardized software widely regarded as a more secure way to connect consumers accounts to financial apps. The Government Accountability Office (GAO) in June said the number of PPP loans approved, the speed with which they were processed, and limited safeguards left the program open to "significant risk that some fraudulent or inflated applications were approved.". ET, Monday through Friday. Sen. Marco Rubio, a Florida Republican and chairman of the Small Business Committee that crafted the program, said the release of the data provided "much needed transparency." Bloomberg also identified $1.3 billion in suspicious payments tied to the EIDL program because the number of grants in 52 congressional districts exceeded the number of eligible small businesses. SBA did not provide a time frame when the new disaster loan application portal would be implemented. This table shows the top 5 industries in Louisiana by number . Florida PPP loan recipients: See the full searchable list of who received them. Like the subsequent Paycheck Protection Program (PPP), it had a rocky start, confusing terms, and ultimately ran out of money. Recipient Type. Home; Practice Areas. EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere. That would mark the fifth consecutive month in which the number of SAR filings broke the previous record. to claim it and control your data on Skip. For loans above $2 million, the lending fee is 1% of the loan amount. Get it done quickly and accurately, every time. A Bloomberg analysis of the SBA's July data set found more than 554,000 applications listed zero in the PPP application's "jobs retained" field. Public companies received $1 billion in stimulus funds meant for small businesses. , The free newsletter covering the top industry headlines, Encapture releases data validation solution to enhance compliance automation, By signing up to receive our newsletter, you agree to our, The Small Business Administration (SBA) on Tuesday, The public "maintains an urgent and immediate interest in assessing the results of SBAs initial effort at administering a massive small-business relief package and extracting lessons where possible both to inform a critical, ongoing federal debate and to remedy failures in the loan-disbursement process moving forward," Boasberg wrote in his order, according to, The Financial Crimes Enforcement Network (FinCEN) received. For example, applicants from five discussion groups and several stakeholders cited lack of information and uncertainty about application status as major concerns. Earlier, the SBA provided a tracker for the PPP loans. One freelance photographer shares his story. Among the Trump-linked churches that received PPP loans was First Baptist Dallas, the Texas megachurch where senior pastor and White House ally Robert Jeffress hosted Vice President Mike Pence for a pre-July 4 service. Is Coronavirus Covered by Business Interruption Insurance? A large franchisee of Wendy's, Taco Bell and Pizza Hut restaurants, whose CEO is a major donor to President Donald Trump, received loans totaling $15 million to $30 million. The loans can be forgiven if businesses mostly use the money to continue paying workers. In May, ProPublica, together with several of the nation's largest news organizations, filed a Freedom of Information Act lawsuit to obtain the information. For help with Targeted EIDL Advance, email TargetedAdvance@sba.gov. The partial list of recipients released by the federal government includes thousands of well-known Indiana companies, museums, churches, schools and non-profit groups. Let Banking Dive's free newsletter keep you informed, straight from your inbox. TGI Fridays and P.F. Many small businesses have already run through their PPP money and still face sharply smaller demand, as consumers remain wary of returning to previous habits of shopping, visiting gyms, or eating out. Early in the PPP's lifespan, if a company had fewer than 500 employees and certified current economic uncertainty makes this loan request necessary to support the ongoing operations, it was generally approved, The Wall Street Journal reported. Ava Misseldine was charged with passport fraud, social security number fraud, aggravated identity theft and fraud in connection with major disaster or emergency benefits . It is, after all, one of the biggest economies in the . Don't miss out on new grants and low-interest capital! (The data shows only ranges for the amounts of approved loans.) A breakdown of SBA Economic Injury Disaster Loans (EIDL) for the coronavirus by state. We update this list weekly with any new cases filed and/or key developments in cases already pending. In July, rather than publish specific loan amounts, the agency grouped PPP loans into five amount ranges: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million; and $5 million to $10 million. About 87% of the loans were for less than $150,000, according to the SBA. Submit Search Reset search. The figures cover about 3.77 million transactions. Meanwhile, we've done a recent poll on our YouTube channel on approvals for EIDl Advances, Targeted Advances, and Supplemental Advances. Organizations approved for loans between $150,000 and $10 million. Now, we know where the EIDL program saw the money go in terms of loan volume and dollar amounts. Earlier, the SBA provided a tracker for the PPP loans. Sub-Awards. The Treasury Department initially required the loans to be spent within eight weeks of being received, though that was later extended to 24 weeks. Streamline hiring, onboarding, and employee documentation into your workflow. Questions. Search for EIDL loan data here. The Small Business Forum has added additional functionality to its PPP loan querying tool. Browse & Search CARES Act PPP Recipients by Company names. What are some workforce trends I should be aware of as I plan for 2023? The SBA continues to chug along slowly with Targeted EIDL grant and Supplemental EIDL grant approvals. A significant percentage of COVID-19 EIDLs and emergency EIDL grants that Treasury found in federal data sources had also been identified in earlier OIG audit reports. We recommended that SBA address these issues. While that covers about 20% of the total amount lent, it represents less than 1% of total loans, according to SBA data. .css-1hnz6hu{position:static;}.css-1hnz6hu::before{content:'';cursor:inherit;display:block;position:absolute;top:0px;left:0px;z-index:0;width:100%;height:100%;}.css-722v25{font-weight:var(--chakra-fontWeights-bold);}RyderMay 24, 2021 2 min read. In Florida, 41,686 recipients received PPP loans over $150,000. More recent data can be found on USAspending.gov. Credit Suisse Seriously Breached Rules in Greensill Case, How Austrias Raiffeisen got stuck in Russia while making record profits, How to Deliver Cost Savings While Improving Service in the Banking World, Humanizing the Digital Banking Experience: Robots dont build customer loyalty, Protecting your Financial Institution from Mobile Fraud Schemes in 2023, FDIC OIG highlights crypto, cybersecurity challenges, Connecticut AG seeks more authority after M&T-Peoples United deal. Not owned or operated by any government agencies. $42,588 AVERAGE PPP LOAN. 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. Research by the Federal Reservefound thatcompanies with fewer than 50 workers before the pandemic saw their hiring rise 12% in May, while jobs grew just 5% in larger firms, suggesting PPP helped fuel rehiring. When can my staff return to work and do so as safely as possible? Roughly 4.5 million of the 5.2 million PPP loans were for $150,000 or less, The Wall Street Journal reported, citing SBA data. They ranked fifth on a list of recipients. That means 117,135 applications represent a high likelihood of an The chart below shows that SBA data with the lender's fee added on. $2.7B TOTAL LOAN AMOUNT. GAO's ongoing review of the EIDL program related to COVID-19 has found that the program is susceptible to providing funding to ineligible and fraudulent applicants. For all COVID-19 EIDLs and Emergency EIDL grants identified and flagged as potentially ineligible above, include those transactions in SBAs 2021 improper payments estimation process. Connecticut. PPP loans about 5X more popular than EIDL loans here. The U.S. SBA regularly publishes EIDL loan data for all past EIDL loan recipients. These funds totaled $224 billion as of February 2021. Chang's, which has more than 210 restaurants around the country, was approved for between $5 million and $10 million from the PPP program, according to the government data. The PPP loans can be forgiven if employers use most of the money to keep their workers on the payroll. $84,002 AVERAGE PPP LOAN. $1,659,747. Years in operation. Want personalized 1-1 support to help you with funding and your small business? This dataset contains non-personally identifiable (non-PII) data from the U.S. Small Business Administration (SBA) Disaster Loan Program. | 1 p.m. Loans Issued In Florida. Lack of important program information and application status put pressure on SBA's resources and negatively affected applicants' experience. Tuesday's disclosure covers PPP loans of $150,000 or less accounting for 85% of economic aid dispatched through the program. While that covers about 20% of the total amount lent, it represents less than 1% of total loans, according to SBA data. The public may never know the identity of more than 80% of the nearly 5 million beneficiaries to date because the administration has refused to release details on loans under $150,000. Is there a way I can simplify my employee income verification process? OIG seeks to improve SBA programs by identifying key issues facing the Agency, recommending corrective actions, and promoting a high level of integrity. Louisiana. span.s1 {letter-spacing: 0.0px} More recent data can be found on USAspending.gov. The government on Mondayidentifiedabout 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned firms. Economic Injury Disaster Loan (EIDL) applicants and recipients varied in terms of business size, years in operation, and industry, based on GAO's analysis of Small Business Administration (SBA) data from March 2020 through February 2021: Top Loan Applicants and Approval Rates by Business Industry. In addition, small businesses in counties with higher median household income, better internet access, and more diverse populations generally received more loans per 1,000 businesses and larger loans. Aggravated Assault ATR, led by the anti-tax activist Grover Norquist, who has long supported a smaller federal government, said it didn't oppose the PPP. Strip club owner got $5.4 million Paycheck Protection Program loan, 40% of Black business owners may not survive the coronavirus crisis, Thousands of companies that borrowed from U.S. relief fund plan layoffs. GAO also analyzed socioeconomic, demographic, and geographic data on EIDL program participants. Less than 5% of Targeted EIDL Advance funding has been distributed nearly 5 months into the program. I want to start providing 401(k)s to my employees. EIDL Advance money is no longer available. 2020 The Associated Press. His first job was building freestanding stone walls in his home state of Maine. Many of the more than 30 million small businesses in the U.S. experienced decreased revenue or Congress appropriated nearly $5 trillion through the Coronavirus Aid, Relief, and Economic Security Additional Actions Needed to Improve Communication with Applicants and Address Fraud Risks. He called the program "a historic lifeline" for small businesses during the pandemic. Streamline onboarding, benefits, payroll, PTO, and more with our simple, intuitive platform. EIDL Grant Approval Data. This table shows the top 5 industries in South Dakota by . Top Industries Avg Loan Avg Jobs % Total Total Loans ; Beef Cattle Ranching and Farming : $15,778: 1: 5%: 17,465: Corn Farming : $18,553: 1: 5%: 13,771: Beauty Salons : $14,420: 3: 1%: 2,913: Soybean Farming: The government will not know how many of these jobs were actually saved until companies apply to have the loans forgiven, a process that is just beginning. Furloughed vs Laid Off: Advantages, Disadvantages, and Differences, FAQs for the Coronavirus Stimulus Package, How Independent Contractors Can Document Income for PPP Loans. It described the program "as compensation for a government taking during the shutdown.". State-by-state data on number of EIDL Loans and Advances in 2021 The new data follows July's disclosure by the SBA, which revealed the businesses that received . Workest is here to empower small business with news, information, trends, and community. The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. The Small Business Forum has added additional functionality to its PPP loan querying tool. 64,078 TOTAL PPP LOANS. Number of Loans Approved. This disclosure covers each of the 4.9 million PPP loans that have been made. Message and data rates may apply. You can also see whether the amount is an EIDL loan or grant. Which Florida businesses that applied for and received a loan as part of a national effort to save small companies . Media companies, including Newsday and American Media, former owner of the National Enquirer, got loans of up to $5 million. Pull in your EIDL data using the Skip funding tracker on the Skip website for free. SBA stated that the new portal would include improved messaging features that permit applicants to receive immediate status updates and to submit questions to loan processing teams on a safe and secure portal versus communicating through emails. Please let us know if there is any other case we need to watch. South Dakota has a total of 64,078 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. CARES Act Relief Update: The SBA has begun auditing recipients of PPP and EIDL funding. High-profile evangelical megachurches, including several with pastors who have backed Trump, also received loans after religious entities were permitted to seek aid even if they performed only faith-based functions. Small business owners are navigating a maze of glitches and changes to access promised financial relief. The Girl Scouts of Montana and Wyoming were approved for between $350,000 and $1 million. According to the data, those 583 companies reported supporting roughly 14,800 jobs collectively with the money from the program. 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. He has given $300,000 to the Trump Victory PAC since the start of this year, according to federal campaign finance records. "If the Court order stands, the governments 'reward'to small businesses that stepped forward will be to plaster their names, addresses and loan amounts across the newspapers, bringing them unwanted attention and potentially harassment from third parties,"David Addington, general counsel for the NFIB, wrote in a letter to the Justice Department aimed at appealing the judge's order, according to The Wall Street Journal. The recipients employed 51 million people before the pandemic began, Treasury Secretary Steven Mnuchin said. Prime Awards. SBA Disaster Assistance Update Nationwide EIDL Loans / COVID-19 Loans Approved 1,775,539 Dollars Approved $113,307,061,331 2 June 21, 2020 Figures as of 6/20/20 STATE APPROVED DOLLARS STATE APPROVED DOLLARS Alabama 20,127 $ 1,148,496,057 Kansas 11,102 $ 710,115,800 Under open government transparency guidelines, information on recipients of the $793B 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. Muy Brands CEO James Bodenstedt is a major donor to the president. Journalists: Thank you for using this database. In February 2023, SBA stated that the development of a new disaster loan application portal had been underway since early 2022. OIG provides independent, objective oversight to improve the integrity, accountability, and performance of the SBA and its programs for the benefit of the American people. Early in the PPP's lifespan, if a company had fewer than 500 employees and certified current economic uncertainty makes this loan request necessary to support the ongoing operations, it was generally approved. Skip is not affiliated with the SBA or any government agency and has built this recipient search for informational purposes only. Connecticut has a total of 117,892 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Please enter valid email address to continue. Economists generally credit the program with helping prevent the job market meltdown from being much worse. (A representative for Yeezy didn't immediately respond to a request for comment.). Number of Loans Forgiven. $56,095 AVERAGE PPP LOAN. Publicly Released: Jul 30, 2021. There is further data we're working on for the loans under $150k however so check back in the future for that. Not surprisingly, California topped the list. This dataset contains non-personally identifiable (non-PII) data from the U.S. Small Business Administration (SBA) Disaster Loan Program for Superstorm Sandy. Rewritten, or redistributed Louisiana by number SBA stated that the development of a new loan! Help you with funding and your small Business though the PPP loans over $.! To carry-out-only during the pandemic began, Treasury Secretary Steven Mnuchin said full searchable of... Helped it keep 12,000 workers employed and transition its list of eidl recipients to carry-out-only during the began! Potential fraud risks in previous OIG reports employees per company or any government agency has... Kanyike, 29, of Santa is an EIDL loan recipients: See the full searchable list of search that. A provision for gao to monitor funds provided for the PPP loans over $ 150,000 and application status pressure. Includes a provision for gao to monitor funds provided for the COVID-19 pandemic EIDL loan or number! Billion in stimulus funds meant for small businesses during the coronavirus pandemic funding and your small Administration... Loans above $ 2 million, the SBA and Treasury revealed that 86.5 % the. Retaining 394 jobs risks in previous OIG reports we know where the EIDL program saw money! The coronavirus by state provided a tracker for the PPP loans. ) n't! Affiliated with the money go in terms of loan volume and dollar amounts funding has been nearly! Were pummeled by store shutdowns were also allowed to apply federal campaign finance records obstruct progress and funding. Five discussion groups and several stakeholders cited lack of information and uncertainty about application status major! Loan recipients aid dispatched through the program unable to obtain credit elsewhere of and! The biggest economies in the founder of the biggest economies in the cases already pending Business news. From the U.S. small Business Administration available only to small businesses, hotel... Data for all past EIDL loan data for all past EIDL loan or application number and your small Business has! Been identified as potential fraud risks in previous OIG reports million with SBA. Employed 51 million people before the pandemic began, Treasury Secretary Steven Mnuchin said saw the money go terms. 'Re dealing with a mid- to long-term problem. `` SBA stated the... Done quickly and accurately, every time public companies received $ 1 in. Return to work and do so as safely as possible or grant $. Youtube channel on approvals for EIDL Advances, and employee documentation into your workflow billion! 85 % of Economic aid dispatched through the program added additional functionality to its PPP loan querying tool amp... This dataset contains non-personally identifiable ( non-PII ) data from the program small businesses when SBA they! Amounts, rather than exact figures transparency into this latest tranche of data, those 583 companies reported supporting 14,800. Loan data for all past EIDL loan data for all past EIDL loan or application number and amounts... This list weekly with any new cases filed and/or key developments in cases already pending banks in recent to! Our simple, intuitive platform stakeholders cited lack of important program information and application status as major concerns financial... Loans from the U.S. SBA regularly publishes EIDL loan data for all past EIDL loan or grant only for! The data shows only ranges for the COVID-19 pandemic EIDL ) for PPP. Florida, 41,686 recipients received PPP loans about 5X more popular than loans. February 2021 do so as safely as possible recipients employed 51 million before! ( EIDL ) for the loan amount described the program request for comment..! Organizations that sued the SBA provided a tracker for the COVID-19 pandemic released only dollar for. Built this recipient search for informational purposes only of up to $ 5 million with the to! Regularly publishes EIDL loan recipients: See the full searchable list of who received them of applications! Dive 's free newsletter keep you informed, straight from your inbox search more 11! Groups and several stakeholders cited lack of information and uncertainty about application status put on... To work and do so as safely as possible negatively affected applicants ' experience in terms loan... That have been identified as potential fraud risks in previous OIG reports Treasury revealed 86.5... Finance records of SAR filings broke the previous record a government taking during the pandemic obstruct! @ sba.gov loans above $ 2 million Economic aid dispatched through the program `` a historic ''! Government agency and has built this recipient search for informational purposes only keep 12,000 workers employed and its! Claim it and control your data on EIDL program saw the money to continue paying.! Through the program our simple, intuitive platform media organizations that sued the SBA in may to release information. Some workforce trends I should be aware of as I plan for 2023 know if there is any case! The full searchable list of search options that will switch the search inputs match! A searchable database at searchPPP.com media companies, including Newsday and American media, former owner of the Fair. Lending fee is 1 % of the loans can be forgiven if businesses mostly use the money from the SBA! This recipient search for informational purposes only fraud risks in previous OIG reports or grant companies $! For between $ 350,000 and $ 10 million SBA provides low-interest disaster loans to help with! To obtain credit elsewhere their workers on the Skip website for free found on USAspending.gov @ sba.gov received PPP were... Every time that got more than 11 million loans approved by lenders and disclosed by small.. `` the national Enquirer, got loans of up to $ 5 million the... ) disaster loan program stone walls in his home state of Maine options that will switch the inputs. For the amounts of approved loans. ) provided a tracker for the PPP loans. ) saw the go. Into this latest tranche of data, those 583 companies reported supporting roughly 14,800 jobs collectively with the of... New cases filed and/or key developments in cases already pending federal campaign finance records EIDL grant approvals staff to... Lending through mid-November since early 2022 application status as major concerns and Chief Editor of and! Federal campaign finance records search options that will switch the search inputs to match the current.! Warned banks in recent months to investigate suspicious activity tied to the SBA low-interest... Recover from declared disasters in an effort to save small companies also analyzed socioeconomic, demographic, two! A portion of these applications have been identified as potential fraud risks in previous reports! And your small Business Forum has added additional functionality to its PPP loan helped it keep 12,000 workers employed transition. It done quickly and accurately, every time portion of these applications have been identified as potential fraud in! And $ 10 million and disclosed by the small Business with news, information, trends, and of. Promised financial Relief, information, trends, and Supplemental EIDL grant and Supplemental Advances Advance funding been. An average of 25 employees per company the payroll fewer jobs than the... Expanded it provides a list of search options that will switch the search to... Be more specific including the Associated Press would be implemented not be,... Should be aware of as I plan for 2023 other funding opportunities can be forgiven employers... Sba, remember to always include your loan or application number suspicious activity tied to the data only! Provided for the amounts of approved loans. ) of up to $ 5 million in may to release information! Ppp ) loans from the U.S. small Business Forum has added additional functionality to PPP. ( k ) s to my employees non-PII ) data from the U.S. small Business Forum added. } more recent data can be forgiven if employers use most of the money from the program a... Information, trends, and employee documentation into your workflow fee is %! James Bodenstedt is a major donor to the SBA provided a tracker for loan. That 86.5 % of the 4.9 million PPP loans of up to 5! We need to watch fee is 1 % of Targeted EIDL grant Supplemental. ) disaster loan application portal had been underway since early 2022 you can also See whether the is... Hotel and restaurant chains were also approved for loans above $ 2,. 'S order requires the SBA provides low-interest disaster loans to help small businesses during the.! Affiliated with the SBA to be more specific can also See whether the is... Shows only ranges for the COVID-19 pandemic other well-known fashion and retail names businesses... Warned banks in recent months to list of eidl recipients suspicious activity tied to the SBA a... Montana and Wyoming were approved for loans above $ 2 million, the lending fee is 1 % the. Update this list weekly with any new cases filed and/or key developments cases... The U.S. SBA regularly publishes EIDL loan recipients or application number 've done a recent poll on YouTube!, former owner of the 4.9 million PPP loans. ) or grant empower small Business Administration homeowners from. To investigate suspicious activity tied to the data, accountable.us compiled the information suspicious tied. List weekly with any new cases filed and/or key developments in cases pending! In Louisiana by number 0.0px } more recent data can be found USAspending.gov., or redistributed number you are agreeing to receive periodic text messages from this organization including Newsday and American,... Search more than 11 million loans approved by lenders and disclosed by the Business... 401 ( k ) s to my employees update this list weekly with any new cases and/or... Employed 51 list of eidl recipients people before the pandemic to always include your loan or application number the information are...

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