Among the Trump-linked churches that received PPP loans was First Baptist Dallas, the Texas megachurch where senior pastor and White House ally Robert Jeffress hosted Vice President Mike Pence for a pre-July 4 service. Home Data Catalog Help Video Tutorials Feedback Everyone is at a different stage, but here's what our poll found. Business Unusual: Self-Employed and Struggling With PPP, Banks Begin Accepting Small Business Loan Applications Under Payroll Protection Program, Confused and Waiting for Promised Financial Relief, Small Business Owners Turn to Each Other for Answers, COVID-19: A Checklist for Returning to Work, HR Checklist for Remote Hiring and Onboarding. A look at recipients in Florida show 381,455 PPP loans under $150,000 were handed out, totaling around $11 billion. In Florida, 41,686 recipients received PPP loans over $150,000. call for a free consultation 212-300-5196. SBA EIDL data by the number and amount of loans approved by state; and Emergency EIDL Grant program (also referred to as EIDL advance) data by the number and amount of grants approved by state. Wage growth is slowing. (The data shows only ranges for the amounts of approved loans.) With the passage of time, it becomes much more troubling when the fraud framework is not in place, William Shear, director in the GAOs financial market and community investment team, Webinar The average loan amount for the entire program was $107,000, the Treasury Department said in abroad summaryof the program. SBA Disaster Assistance Update Nationwide EIDL Loans / COVID-19 Loans Approved 1,775,539 Dollars Approved $113,307,061,331 2 June 21, 2020 Figures as of 6/20/20 STATE APPROVED DOLLARS STATE APPROVED DOLLARS Alabama 20,127 $ 1,148,496,057 Kansas 11,102 $ 710,115,800 XLSX; COVID-19 EIDL Advance. Democratic staff of the Select Subcommittee on the Coronavirus Crisis in September found more than $1 billion in PPP funds went to borrowers who received multiple loans through the program. 9 AVG COMPANY SIZE. That secrecy spurred a lawsuit by news organizations including the Associated Press. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Millions of business owners and individuals across the US have received EIDL loans and EIDL Advances and millions more are still waiting for EIDL loan increases, Targeted EIDL Advances and Supplemental EIDL Advances. Where To Report Waste Fraud, Abuse, Or Retaliation. After Court-Ordered Release of Previously Undisclosed Data on PPP Loans Below $150,000, Accountable.US Continues Campaign Targeting Waste, Fraud, And Abuse in Program. Skip is not affiliated with the SBA or any government agency and has built this recipient search for informational purposes only. In addition, GAO analyzed loan application data, conducted five discussion groups with applicants, and interviewed staff from SBA, six Small Business Development Centers, and six business associations. His studio said it employed 53 people before the pandemic. Many of these businesses don't show up on the list of recipients, including the Four Seasons Barber Shop, not far from the South Hermitage block. As Americans cooked at home and ordered takeout, full-service restaurants lost business . The loans can be forgiven if businesses mostly use the money to continue paying workers. Skip is not affiliated with the SBA or any government agency and has built this recipient search for informational purposes only. "And now we're dealing with a mid- to long-term problem.". Louisiana has a total of 217,332 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Jeffress' church reported retaining nearly 300 jobs with its loan of between $2 million and $5 million. Now, we know where the EIDL program saw the money go in terms of loan volume and dollar amounts. Recipient Type. Nationwide EIDL Loans June 21, 2020. The Small Business Forum has added additional functionality to its PPP loan querying tool. | <a href . More than 30 Girl Scout chapters across the country received PPP loans, the Treasury said. A portion of these applications have been identified as potential fraud risks in previous OIG reports. Also, recipients of EIDL Advance money do not have to be approved for an EIDL loan. Stay informed as we add new reports & testimonies. Meanwhile, we've done a recent poll on our YouTube channel on approvals for EIDl Advances, Targeted Advances, and Supplemental Advances. Lack of important program information and application status put pressure on SBA's resources and negatively affected applicants' experience. It is, after all, one of the biggest economies in the world, not just in the U.S. What do you do when searching for PPP money becomes a full-time job? Connect with me on LinkedIn or follow . This dataset contains non-personally identifiable (non-PII) data from the U.S. Small Business Administration (SBA) Disaster Loan Program for Superstorm Sandy. Go to https://helloskip.com/eidl-data to search EIDL recipients or visit https://helloskip.page.link/JE2u to read more about this sea. Get browser notifications for breaking news, live events, and exclusive reporting. Some major supporters of Trump also benefited. When expanded it provides a list of search options that will switch the search inputs to match the current selection. COVID-19 EIDL. $84,002 AVERAGE PPP LOAN. We will continue to monitor the agency's actions to address this recommendation. Similarly, here's a snapshot of what the PPP loan lookup looks like. And many say time is running out. This week, Congress is expected to pass legislation that will refuel both programs. Financial firms were generally not badly hurt by the coronavirus pandemic. 2020 The Associated Press. Economic Injury Disaster Loan (EIDL) applicants and recipients varied in terms of business size, years in operation, and industry, based on GAO's analysis of Small Business Administration (SBA) data from March 2020 through February 2021: Top Loan Applicants and Approval Rates by Business Industry. Law enforcement has seized about $450 million in doubtful payments, and loans worth tens of billions of dollars more require further investigation, SBA Inspector General Hannibal "Mike"Ware said. One freelance photographer shares his story. GAO's ongoing review of the EIDL program related to COVID-19 has found that the program is susceptible to providing funding to ineligible and fraudulent applicants. "It didn't reach the industries that needed it, and it looked like it didn't reach the states that were hardest hit," Bovino said. $12.2B TOTAL LOAN AMOUNT. Select a City for all PPP loans filed within that jouristiction, or search the entire state filings here: City. Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. The field was blank for another 324,122. Top Industries Avg Loan Avg Jobs % Total Total Loans ; Beef Cattle Ranching and Farming : $15,778: 1: 5%: 17,465: Corn Farming : $18,553: 1: 5%: 13,771: Beauty Salons : $14,420: 3: 1%: 2,913: Soybean Farming: More than 3.5 million loans were for $50,000 or less, while about 82,600 loans were for more than $1 million. "If the Court order stands, the governments 'reward'to small businesses that stepped forward will be to plaster their names, addresses and loan amounts across the newspapers, bringing them unwanted attention and potentially harassment from third parties,"David Addington, general counsel for the NFIB, wrote in a letter to the Justice Department aimed at appealing the judge's order, according to The Wall Street Journal. However, businesses in operation for more than 5 years received the majority of total EIDL loan . What should I be thinking about if I'm looking to expand my workforce globally? His "Rabbit" sculpture fetched $91 million at auction last year. PPP Loan Recipient List By State . Only now after its hand has been forced, hundreds of thousands of small businesses have gone under, and millions of taxpayer dollars were wasted has this administration pulled back the curtains to reveal the malpractice going on behind the scenes. More recent data can be found on USAspending.gov. The Financial Crimes Enforcement Network (FinCEN) received 2,495 suspicious-activity reports (SARs) involving business loans in September, The Wall Street Journal reported. Lawmakers' staff and media organizations have found a litany of discrepancies when analyzing PPP and EIDL data. You can also see whether the amount is an EIDL loan or grant. There are no Groups that match this search. Number of Loans Approved. High-profile evangelical megachurches, including several with pastors who have backed Trump, also received loans after religious entities were permitted to seek aid even if they performed only faith-based functions. Sum of Initial Approval Amount. Muy Brands Inc., a San Antonio, Texas-based franchisee with more than 750 Wendy's, Taco Bell and Pizza Hut restaurants, received between $15 million and $30 million between three entities. 43. Our preliminary review of Treasurys DNP analytical summaries indicated SBA should reassess controls to ensure only eligible recipients obtained COVID-19 EIDLs and emergency EIDL grants. Employee self-service and seamless Benefits management. Search for PPP loan applications by organization, lender, zip code and business type. This table shows the top 5 industries in South Dakota by . A senior administration official said Monday that some small companies "will need additional support" in the coming months. Kanye West's clothing-and-sneaker brand Yeezy received a loan of between $2 million and $5 million, according to the data released by Treasury. Government agencies have repeatedly warned of the risk of fraud associated with both the PPP and EIDL. About 87% of the loans were for less than $150,000, according to the SBA. span.s1 {letter-spacing: 0.0px}
In Illinois 27,412 recipients received loans of $150,000 or more. The new data follows Julys disclosure by the SBA, which revealed the businesses that received $150,000 or more in PPP loans data that only came to light after intense public pressure from government watchdog Accountable.US and other groups. Error logging in. As of June 30, the program had handed out $521 billion. Published: Jul 30, 2021. The Girl Scouts of Montana and Wyoming were approved for between $350,000 and $1 million. A majority of EIDL applicants (about 81 percent) and EIDL recipients (about 86 percent) were smaller businesses (10 or fewer employees). But SBA didn't give applicants key information like processing time, loan limits, or status updatescausing confusion and uncertainty for applicants. Thursday's order comes in connection to a lawsuit five media organizations filed in May over a lack of transparency in the loan programs. Rosenblatt borrowed between $1 million and $2 million. . 24% have been funded for 2 original Advance and Targeted. Thursday's order requires the SBA to be more specific. The SBA cited borrower privacy as reasoning for its reluctance to disclose PPP and EIDL data, a stance backed up by the National Federation of Independent Business (NFIB). However, SBA has not yet implemented recommendations GAO has previously made to address EIDL program risks. SBAs lack of adequate front-end controls to determine eligibility contributed to the distribution of COVID-19 EIDLs and emergency EIDL grants to potentially ineligible recipients. What are some strategies to manage employees who work virtually? For help with Targeted EIDL Advance, email TargetedAdvance@sba.gov. For example, SBA's customer service line experienced call surges that resulted in long wait times, and SBA's data showed that 5.3 million applications were duplicates. Boasberg, however, denied the SBA's request to keep the data confidential, saying the loan application "expressly notified potential borrowers admittedly in a form disclaimer that their names and loan amounts would be 'automatically released'upon a FOIA request.". Filter the list or search for specific companies. For loans above $2 million, the lending fee is 1% of the loan amount. There are too many questions that go unanswered., Get the free daily newsletter read by industry experts. All data in this search comes directly from the publicly available EIDL data on the SBA website. In this example, we did a search based on Zip Code. When emailing SBA, remember to always include your loan or application number . Many small businesses have already run through their PPP money and still face sharply smaller demand, as consumers remain wary of returning to previous habits of shopping, visiting gyms, or eating out. 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