Investigative Reporting Workshop PPP Loan Recipient List By State Iowa 171,714 TOTAL PPP LOANS $8.1B TOTAL LOAN AMOUNT $47,082 AVERAGE PPP LOAN 5 AVG COMPANY SIZE Iowa has a total of 171,714 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. The government made PPP loans of up to $10 million available at 1% interest to firms with fewer than 500 employees, a restriction later relaxed for the hotel and restaurant industries. SMALL BUSINESS We've compiled the list into a database. The Posts database has now been updated with data through June 2021. All data have been sourced from the SBA, which provides program information for the PPP here. Lock Businesses had to use the loans for up to 10 weeks of payroll costs, capped at $100,000 per worker per year, and keep wages close to pre-crisis levels during the two to six months after receiving the loan. the .gov website. Out of the roughly 5.13 million loans. PolicyNet/Instructions Updates/EM-20014 REV 8: Effect of COVID-19 This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. SBA reveals full list of recipients of PPP loans. PPP data 2021--Earlier this week, the Small Business Administration . Just more than 25% of the businesses that got loans of less than $150,000 in Pennsylvania listed zero or didnt submit an answer to explain how many jobs the loans were supposedly helping to save. Lender Count. Washington, D.C. 20016-8017, Podcast reveals early days of COVID tracking, 1 billion records and counting: The Accountability Project reaches new milestone, Site showcases powerful stories and the reporters behind them. Browse & Search CARES Act PPP Recipients Any amount helps us keep producing quality journalism for Mississippi. As long as the businesses receiving loans spend at least 60 percent of the loan amount on payroll expenses and the remainder on qualified business operations expenses, the loan is forgivable. PPP Loan Recipient List By State Pennsylvania 342,351 TOTAL PPP LOANS $30.4B TOTAL LOAN AMOUNT $88,896 AVERAGE PPP LOAN 10 AVG COMPANY SIZE Pennsylvania has a total of 342,351 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Two weeks ago, the IRS handed down guidance indicating that business expenses paid using PPP loans cant be used as deductions for tax purposes. The PPP was first implemented in 2020 to aid businesses impacted by the COVID-19 pandemic as part of the CARES Act, which passed in March of 2020. More than half of small-business loans went to larger businesses, new SBA data shows, did not direct private lenders to prioritize minority- and female-owned businesses. ~3,=PttIg'La`v 8 -; $9 @Z.jQ TVC Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. Details on recipients of the Paycheck Protection Program are searchable on The Workshops Accountability Project. Questions remain about how the program has affected jobs, especially because of the incomplete and sometimes confusing aspects of the data.
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ppp loan list of recipients 2021