The Trump administration released details of almost 4.9 million loans to businesses — from sole proprietors to restaurant and hotel chains — under the federal government’s largest coronavirus relief program so far, the $669 billion Paycheck Protection Program.
The data, including the names of the program’s biggest borrowers, were posted Monday morning on the website of the Small Business Administration, which ran the program with the Treasury Department.
The disclosures, which come after members of Congress and others voiced concern about the level of transparency surrounding the PPP, don’t provide full details for any loans. Names of companies that borrowed less than $150,000 — a group that comprises the vast majority of the program’s borrowers — weren’t made public. And larger borrowers’ loans were disclosed only in broad ranges of values, such as $5 million to $10 million.
The program, passed hurriedly by Congress in March, was designed to provide small firms with loans of as much as $10 million, based on a company’s average monthly payroll before the pandemic. The loans can become grants if borrowers use the proceeds mostly to pay workers — with some spending allowed for rent and overhead costs.
More than 73,800 Louisiana organizations were approved for $7.3 billion in potentially forgivable loans through the federal Paycheck Protectio…
For those loans below $150,000, the agencies are disclosing specific loan amounts along with industry codes, ZIP codes, number of jobs supported and other data — but no personally identifiable borrower information.
Below is a database of loans in excess of $150,000 for Louisiana organizations.
Can't see table below? Click here.
Business - Latest - Google News
July 07, 2020 at 01:12PM
https://ift.tt/2Z3YnXJ
Which Louisiana organizations got at least $150,000 in paycheck protection loans? Search our database - NOLA.com
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Which Louisiana organizations got at least $150,000 in paycheck protection loans? Search our database - NOLA.com"
Post a Comment