The Small Business Administration has released additional data about loans issued under the Paycheck Protection Program, complying with a federal court order as part of a lawsuit by The Washington Post and other media organizations.
The data includes the exact amounts for almost a million small businesses and nonprofit organizations that received at least $150,000 in loans, providing the most detailed disclosure yet about one of the largest economic stimulus packages created by the federal government, part of the $2 trillion Cares Act. The data also includes the names of entities receiving less than $150,000, which represents over three-quarters of the total number of loans.
[More than half of small-business loans went to larger businesses, new SBA data shows]
This searchable list shows information for businesses that received loans of more than $150,000, as reported by the SBA with data through June 2021.
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The SBA previously released records related to loans of more than $150,000 but withheld specific amounts and reported the amounts in ranges. The agency also withheld the identities of borrowers receiving PPP loans of less than $150,000 and records related to a separate loan fund called the Economic Injury Disaster Loan program, prompting a lawsuit under the Freedom of Information Act by The Post and 10 other media organizations.
In a memorandum justifying the D.C. federal court’s opinion, Judge James E. Boasberg noted that despite the SBA’s claims that loan information was confidential business information, the PPP loan application stated that the names of borrowers and amounts of loans would be “automatically released” in response to a FOIA request.
He also ruled that the privacy concerns of borrowers wishing to remain anonymous were outweighed by the public interest in discovering fraud, waste or abuse of taxpayer money, noting that the Justice Department had charged more than 50 people with fraudulently obtaining PPP loans that resulted in at least $80 million in losses.
Concerns have been raised about whether the funding is being distributed fairly, as the SBA Office of the Inspector General concluded that the agency did not direct private lenders to prioritize minority- and female-owned businesses when it started implementing the program.
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.
Where loans of more than $150,000 were issued
Circles are scaled by loan range.
Areas with a minority population greater than 50 percent.
Tap a bubble to see details
Questions remain about how the program has affected jobs, especially because of the incomplete and sometimes confusing aspects of the data. Some recipients either reported the loans had saved zero jobs, or appeared to leave that section blank.
