lra Recent News

Louisiana Restaurant Association
  • About Us
    • Upcoming Events
    • Leadership >
      • Past LRA Chairs
    • Advertising & Media
    • LRA Staff Directory
    • LRA Recent News
    • Contact Us
  • Membership
    • COVID
    • Benefits
    • Membership Application
    • Advocacy
    • Chapters
    • Louisiana Restaurant Legends
    • ADA Compliance Disclaimer
    • Member Login
  • Training
    • ServSafe Foodservice Manager
    • ServSafe Alcohol
    • ServSafe Allergens
    • ServSafe Food Handler
    • ServSuccess
    • Manage My Restaurant
  • LRA SIF
    • Agents & Brokers
    • Leadership
    • Coverages
    • Claims
    • Loss Prevention
    • Questionnaire
    • Audits
    • LRA SIF Staff Directory
    • Contact Us
  • Showcase
    • Attendees >
      • 2021 Exhibitor List
    • Exhibitors
    • Be a Sponsor
    • Floor Plan
    • Hotels & Travel
    • Contact Us
  • Education
    • About Us
    • ProStart
    • Giving
    • Scholarships
    • Annual Partners
    • Contact Us
  • Job Bank

SBA & Treasury Announce Release of PPP Loan Data

7/6/2020

 
The U.S. Small Business Administration, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP).  This disclosure covers each of the 4.9 million PPP loans that have been made.
 
“The PPP is providing much-needed relief to millions of American small businesses, supporting more than 51 million jobs and over 80 percent of all small business employees, who are the drivers of economic growth in our country,” said Secretary Steven T. Mnuchin.  “We are particularly pleased that 27% of the program’s reach in low and moderate income communities which is in proportion to percentage of population in these areas.  The average loan size is approximately $100,000, demonstrating that the program is serving the smallest of businesses,” he continued.  “Today’s release of loan data strikes the appropriate balance of providing the American people with transparency, while protecting sensitive payroll and personal income information of small businesses, sole proprietors, and independent contractors.”
 
“The PPP is an indisputable success for small businesses, especially to the communities in which these employers serve as the main job creators,” said Administrator Jovita Carranza.  “In three months, this Administration was able to act quickly to get funding into the hands of those who faced enormous obstacles as a result of the pandemic.  Today’s data shows that small businesses of all types and across all industries benefited from this unprecedented program.  The jobs numbers released last week reinforce that PPP is working by keeping employees on payroll and sustaining millions of small businesses through this time.”
 
Today’s release includes loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges as follows:
  • $150,000-350,000
  • $350,000-1 million
  • $1-2 million
  • $2-5 million
  • $5-10 million
    ​
These categories account for nearly 75 percent of the loan dollars approved.  For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses.
​
The data release also includes overall statistics regarding dollars lent per state, loan amounts, top lenders, and distribution by industry.  The loans have reached diverse communities proportionally, across all income levels and demographics.
 
In addition, the data provides information regarding the sizes of participating lenders and participation by community development financial institutions, minority depository institutions, Farm Credit System institutions, fintechs and other nonbanks, and other types of lenders.  It further contains data showing the reach of the program in underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations.
 
Additional Resources: 
Click HERE to view the data.
 PPP Report (through 6/30/2020)
Key Aspects of PPP Loan Data 

Comments are closed.

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    Categories

    All
    Boil Water Advisory
    Capitol Connection
    Chapter Awards
    Chapter Fundraisers
    Educational
    Emergency
    EMV
    Endorsed Providers
    EXPO
    Food News
    Food Recall
    Health Care
    LRA SIF
    ProStart
    Restaurant Legends
    Scholarships
    Workforce Development

    RSS Feed

ADA Compliance Disclaimer
Privacy Policy 
 Copyright Louisiana Restaurant Association.  All Rights Reserved.
2700 N. Arnoult Road | Metairie, LA  70002
Phone: (504) 454-2277  | sitemap
MemberClicks
  • About Us
    • Upcoming Events
    • Leadership >
      • Past LRA Chairs
    • Advertising & Media
    • LRA Staff Directory
    • LRA Recent News
    • Contact Us
  • Membership
    • COVID
    • Benefits
    • Membership Application
    • Advocacy
    • Chapters
    • Louisiana Restaurant Legends
    • ADA Compliance Disclaimer
    • Member Login
  • Training
    • ServSafe Foodservice Manager
    • ServSafe Alcohol
    • ServSafe Allergens
    • ServSafe Food Handler
    • ServSuccess
    • Manage My Restaurant
  • LRA SIF
    • Agents & Brokers
    • Leadership
    • Coverages
    • Claims
    • Loss Prevention
    • Questionnaire
    • Audits
    • LRA SIF Staff Directory
    • Contact Us
  • Showcase
    • Attendees >
      • 2021 Exhibitor List
    • Exhibitors
    • Be a Sponsor
    • Floor Plan
    • Hotels & Travel
    • Contact Us
  • Education
    • About Us
    • ProStart
    • Giving
    • Scholarships
    • Annual Partners
    • Contact Us
  • Job Bank