list of ppp loan recipients by name in georgia The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry. This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. In the face of Freedom of Information Act requests for such information, however, specific loan amounts likely will not remain confidential for long. He is a member of the health care/FDA practice group. That didn't stop him from allegedly applying for two PPP loans using different company names. PPP loan recipients can have their loans forgiven in full if the funds were used for eligible expenses and other criteria are met. 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. The map below allows you to explore loans of more than $150,000 and see whether the recipient is located in a majority-minority area. The Wall Street Journal echoes our warning about the rise of non-COVID-related deaths. 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. 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." By using the site, you consent to the placement of these cookies. The U.S. Treasury and the U.S. Small Business Administration has released PPP loan level data for all loans over $150,000. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. [2] This new transparency initiative by SBA and Treasury increases significantly the risk that PPP loan recipients may become targets of congressional, executive, media, and whistleblower investigations into potentially fraudulent receipt and use of PPP funds. Rush et al., COVID-19: Looming False Claims Act Liability for Paycheck Protection Program Loans (Apr. Economists generally credit the program with helping prevent the job market meltdown from being much worse. SBA announced that it will disclose the following information for each PPP recipient: a. All rights reserved. Potomac Conference Corporation Of Seventh-Day Adventists, POTOMAC CONFERENCE CORPORATION OF SEVENTH-DAY ADVENTISTS, Potomac Family Dining Group Operating Company, LLC, Electrical Contractors and Other Wiring Installation Contractors, Commercial and Institutional Building Construction, Postharvest Crop Activities (except Cotton Ginning), Agriculture, Forestry, Fishing and Hunting, Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology). It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. According to the latest report, the SBA has spent over $5.2 billion. Legal Statement. f. Demographic data; Longview International Technology Solutions, Inc. Offices of Physicians, Mental Health Specialists, All Other Miscellaneous Schools and Instruction, Maryland And VIrginia Milk Producers Cooperative Association Incorporated, Offices of Mental Health Practitioners (except Physicians). 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. It remains to be seen whether DOJ will view professional relators counsel as a necessary ally to sift through PPP fund recipients for fraud and rely on relators to prosecute more cases without government intervention. 177878 177879 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. Our SBA database unveils list of 6.6M recipients. PPP Loan Recipient List By State . The program was initially rolled out in April, offering $349 billion to small businesses. [3]. Copyright 2022 PPP Directory. 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. The bill Congress passed to replenish the program in April included $60 billion specifically for small lenders in response to concerns about businesses without a traditional banking relationship accessing loans. The Treasury and SBA later reversed course, saying they woulddisclose names and other details about businesses that took PPP loans of $150,000 and above. Learn more by downloading this comprehensive report. We are particularly pleased that 27% of the programs reach in low and moderate income communities which is in proportion to percentage of population in these areas. That secrecy spurred a lawsuit by news organizations including the Associated Press. Some PPP Loan Borrowers' Information Made Public Start your business in 10 steps. Some firms said they didn't receive or apply for the money they're listed as getting. Browse & Search CARES Act PPP Recipients All rights reserved. It has approved 4.9 million loans for a total of more than $521 billion. The AICPAs Paycheck Protection Program Resources page houses resources and tools produced by the AICPA to help address the economic impact of the coronavirus. Designed to cover expenses such as payroll and rent, the loans do not. [8] Ctr. These comma-delimited files can be opened in Microsoft Excel or any other data management software. His "Rabbit" sculpture fetched $91 million at auction last year. The ready availability of this information will allow persons and public and private entities to sift through borrower names and loan amounts without the need to initiate formal proceedings or exercise subpoena power. PDF Paycheck Protection Program Loan Recipients on the Department of The private equity firm. Congress, U.S. agencies, journalists, and potential whistleblowers will soon have access to information that may lead to years of investigations into funds that were quickly paid out over the course of a few months. [1] Press Release, U.S. Dept of the Treas., SBA and Treasury Announce Enhanced Transparency Regarding the Paycheck Protection Program (June 19, 2020),https://home.treasury.gov/news/press-releases/sm1041[hereinafter Press Release]. [19]. Long Term Care Facilities With 2+ Known COVID Cases and Facility-Reported Deaths in Massachuetts, BOOK: A Vision of Hope Catholic Schooling in Massachusetts, Pioneer Institutes Life Sciences Initiative, Book: U-Turn: Americas Return to State Healthcare Solutions, Pioneer Young Professionals (PYP) Network, https://pioneerinstitute.org/wp-content/uploads/Screenshot-2023-02-15-at-8.58.00-AM.png, https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png, As COVID-19 Emergencies Ease, Some Progress on Telehealth Rules, https://pioneerinstitute.org/wp-content/uploads/TLC-template-25.png, Khan Academys Sal Khan & ASU Prep Digitals Amy McGrath on the Khan World School @ ASU Prep, https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-66.png, Pandemic Dead Reckoning: Unseen Casualties of Public Health Interventions, https://pioneerinstitute.org/wp-content/uploads/Untitled-design1.png, https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-61.png, Mandates Constitutional Collision: Court Offers Civics Lesson with Vaccine Rulings, https://pioneerinstitute.org/wp-content/uploads/Copy-of-telehealth-post-2-1.png.