The program provided loans of up to $10 million for small businesses to help them recover from the government-ordered shutdowns and revenue losses caused by the virus. The list is presented in a searchable U.S. database that can be narrowed down by state (link to Florida), zip code, company name, business type or loan size. Paycheck Protection Program Loan Data. That firm also owns P.F. The artist Jeff Koons. This searchable list shows information for businesses that received loans of more than $150,000, as reported by the SBA. In 2014, TGI Fridays was bought by the the New York private equity firm TriArtisan Capital Advisors. Early tax filing might help. © 2020 The Associated Press. News provided by The Associated Press. West Virginia Governor Jim Justice's family companies received at least $6.3 million from the program. And according to an analysis by Beth Ann Bovino, U.S. chief economist at Standard & Poor's, some states with the smallest increases in unemployment from the pandemic got more loans than harder-hit states. Trump administration releases list of companies that received most money from small business bailout loans Published Mon, Jul 6 2020 11:00 AM EDT Updated Tue, Jul 7 … 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. Other recipients included Kanye West's clothing and sneaker brand Yeezy, Ice Cube's professional basketball league, Planned Parenthood clinics in more than two dozen states, Girl Scout chapters, the nonprofit arm of the anti-tax group headed by Grover Norquist, Americans for Tax Reform, as well as Rosenblatt Securities, one of the biggest names on the floor of the New York Stock Exchange. Koons, a modernist sculptor, is known best for his work with large, metallic balloon-like animals. Over $436 million of the over $1.3 billion received by the nearly 450 public companies that disclosed PPP loans has been returned. Though the PPP program was designed to help small businesses, big hotel and restaurant chains were also allowed to apply. More than 30 Girl Scout chapters across the country received PPP loans, the Treasury said. 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. His studio said it employed 53 people before the pandemic. Scottsdale, Arizona-based P.F. It described the program "as compensation for a government taking during the shutdown.". The data gave few details about loans to minority-owned businesses. A survey by the National Federation of Independent Business found that as of mid-June, 14% of small businesses that borrowed from the PPP expected they would have to lay off some workers when their loan ran out. Updated Feb. 18, 2021, Search Every Company Approved for Federal Loans. He called the program "a historic lifeline" for small businesses during the pandemic. Another 972 loans were approved in the $2 million to $5 million range, and 2,028 for $1 million to $2 million. Koons' studio was approved for $1 million to $2 million, the government's data shows. ... Our database below includes all Michigan businesses that received $150,000 or more. Those firms made up less than 15% of the nearly 5 million small companies and organizations that received loans. Muy Brands CEO James Bodenstedt is a major donor to the president. Every provision of the PPP program has been comprehensively abided with respect to each of the two loans … The loans can be forgiven if businesses mostly use the money to continue paying workers. Continue Reading Show … The company employed 106 people in mid-February before the pandemic struck. 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. (The data shows only ranges for the amounts of approved loans.) Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company who did. The PPP loans can be forgiven if employers use most of the money to keep their workers on the payroll. As part of the Paycheck Protection Program, the federal government has … 118 loans went to business which reported they were Hispanic-owned, or 1.56%. Search more than 6 million loans approved by lenders and disclosed by the Small Business Administration (SBA). However, many minority-owned businesses are run by the owner, with few, if any, employees, so their loan amounts likely were under $150,000 and therefore not part of the data release. Legal Statement. According to the latest report , the … Rosenblatt borrowed between $1 million and $2 million. "And now we're dealing with a mid- to long-term problem.". (A representative for Yeezy didn't immediately respond to a request for comment.). Businesses owned by politicians also borrowed from the program, including a minor league baseball team owned by the family of the governor of Ohio. You can search by … The program initially was set to expire June 30 but was extended last week to Aug. 8, with $132 billion still available. One other notable financial company that borrowed from the program: Rosenblatt Securities, which commands one of the largest physical presences on the floor of the New York Stock Exchange. The data released by the SBA does not include the exact loan amount for companies receiving $150,000 or more. All Rights Reserved. The Treasury Department initially required the loans to be spent within eight weeks of being received, though that was later extended to 24 weeks. A full list of the local companies and non profits that have been awarded money from the federal government’s small business loan program. The public may never know the identity of more than 80% of the nearly 5 million beneficiaries to date because the administration has refused to release details on loans under $150,000. Data by State. The average loan amount for the entire program was $107,000, the Treasury Department said in a broad summary of the program. Search a list of all Pennsylvania businesses and organizations that received more than $150,000 in loans from the Paycheck Protection Program … Some that were less directly impacted by the pandemic, such as manufacturing and construction companies, received a greater proportion of the loans than the hard-hit restaurant and hotel industries. The federal government withheld the names of the businesses that received these smaller loans, and for loans over $150,000, published amount ranges rather than specific values. An SBA-backed loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. How soon might you receive a $1,400 stimulus check? Chang's China Bistro were among the major restaurant chains that were approved for loans. Some of the companies that received the loans were large in another way: Their CEOs have been making millions. About 25% of the publicly traded companies on our list… The hardest-hit restaurant and hotel industries lost nearly half of their pre-pandemic jobs in March and April. P.F. Restaurant chains like P.F. As part of the Paycheck Protection Program, the federal government has provided nearly $600 billion in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. But the program was only intended to carry the economy through a short interruption from the pandemic, which is now threatening to have a longer-lasting impact. The loans between $150,000 and $10 million supported more than 711,000 jobs in Minnesota, according to the PPP … ... Generally, the PPP loans are meant for small businesses, or those with fewer than 500 employees. Research by the Federal Reserve found that companies with fewer than 50 workers before the pandemic saw their hiring rise 12% in May, while jobs grew just 5% in larger firms, suggesting PPP helped fuel rehiring. The Treasury Department has released only dollar ranges for the loan amounts, rather than exact figures. Some major supporters of Trump also benefited. Intel report finds MBS approved operation to kill Khashoggi, Lady Gaga's dogs recovered safely after dogwalker shot, Dr. Fauci answers COVID vaccine questions in CBSN special, CBS News poll: Many would get vaccine, but hesitancy remains, Do COVID shots prevent infection? … For the smaller loans, exact amounts are given, but not the names of the companies. All their loans were in the $2-million-to-$5 million range. Dallas-based TGI Fridays, which has around 500 restaurants nationwide, obtained between $5 million and $10 million in loans from the program. 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. See which businesses in your Michigan community received $150K or more in PPP loans. The government on Monday identified about 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. Journalists: Thank you for using this database. … A summary of key data aspects is available here. Exactly two Kushner Companies’ hotel operations affiliates received PPP loans. Senior administration officials who briefed reporters before the release said they hoped to get more information when owners submit applications for loan forgiveness over the next few months. 2,885 loans went to business which reported they were white-owned, or 38%. Until then, here are seven unlikely recipients of the PPP loans: Koons, a modernist sculptor, is known best for his work with large, metallic balloon-like animals. The tool below can be used to search all publicly released PPP recipients in WA. A representative for the governor's family companies didn't immediately return emails seeking comment. And for companies that borrowed less than $150,000 through the PPP program, it doesn’t release names at all. Kanye West's Yeezy clothing line. Hundreds of law firms and private equity companies also obtained the forgivable, 1% loans. This table shows the top 5 industries in Washington by number of loans awarded, with average loan amounts and number of jobs reported. For loans less than $150,000, the company names were not released. Market data provided by ICE Data Services. Last weekend, West, a notable fan of President Donald Trump, tweeted that he was running for president. Treasury names 650,000 companies that got U.S. small business loans. The economy still has nearly 15 million fewer jobs than before the pandemic. Senate Democratic leader Chuck Schumer described the data release as a "good start" but lamented that it took so long and "so much pressure from Democrats" to make the information public. Filter the list or search for specific companies. 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." His "Rabbit" sculpture ... Wall Street and private equity firms. The Treasury Department is now requiring publicly traded companies to return PPP loans they received by May 7 in order to remain in good standing. Nearly 600 asset management companies and private equity firms were approved for money from the PPP, according to government data. First published on July 6, 2020 / 12:47 PM. Their employees were largely able to keep working, and they weren't among the industries that had to be shut down by government orders. A senior administration official said Monday that some small companies "will need additional support" in the coming months. Justice, a Republican, is considered to be West Virginia's richest person through his ownership of dozens of coal and agricultural businesses, many of which have been sued for unpaid debts. According to the data, those 583 companies reported supporting roughly 14,800 jobs collectively with the money from the program. ATR, led by the anti-tax activist Grover Norquist, who has long supported a smaller federal government, said it didn't oppose the PPP. 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. ICE Limitations. Justice, a billionaire, acknowledged last week that his private companies received money from the program but said he didn't know the dollar amounts. Strip club owner got $5.4 million Paycheck Protection Program loan, 40% of Black business owners may not survive the coronavirus crisis, Thousands of companies that borrowed from U.S. relief fund plan layoffs, California Privacy/Information We Collect. At least six Justice family businesses were approved for loans, including the Greenbrier Sporting Club, an exclusive club attached to a lavish resort that Justice owns called the Greenbrier. That's key to returning to normal, Johnson & Johnson's single-dose vaccine is effective, FDA says, CVS booking vaccination slots for 570,000 in 17 states, California Governor Newsom signs $600 stimulus check bill, Sports arenas begin reopening in New York City, What to do if you didn't get a stimulus check, Fewer Americans might get a $1,400 stimulus check, Walmart expands COVID-19 vaccine access to 35 states, Eager for a stimulus check? To download Paycheck Protection Program loans of $150,000 and above for all 56 states, territories, and the District of Columbia, click here. Companies that received at least $1 million in PPP loans included the Lucchese cowboy boot company of El Paso, Mi Tierra Mexican restaurant … The Treasury Department identified just a fraction of the total borrowers Monday, naming only companies that got more than $150,000. Employers added 7.5 million jobs in May and June, a solid increase that was probably driven in part by the PPP. To download all Paycheck Protection Program data through August 08, 2020, click here. Biden's $1.9 trillion relief bill passes House, but faces Senate hurdle, At CPAC, rising GOP stars send message that Trump is here to stay, Rescue dog that nobody wanted saves life of new owner, Senate Democrats move immediately to "Plan B" on minimum wage, FBI focusing on one possible suspect in Capitol officer's death, U.S. targeted Iran-backed militias with seven 500-pound bombs. Some other well-known fashion and retail names whose businesses were pummeled by store shutdowns were also approved for loans. Here’s the full list of companies that received Paycheck Protection Program loans over $150,000 The SBA released a trove of data about the Paycheck … "Luckily, because we received this PPP loan, we have not had to let go of any employees," Van Noy said. New information released by the U.S. Treasury and Small Business Administration show at least 95 Hoosier businesses received loans of $5 million to $10 million from the Paycheck Protection Program. That secrecy spurred a lawsuit by news organizations including the Associated Press. TGI Fridays and P.F. The list included high-end designers Oscar de la Renta and Vera Wang and suit maker Hickey Freeman. That amounts to about 85% of all workers at companies with fewer than 500 employees. Economists generally credit the program with helping prevent the job market meltdown from being much worse. The majority of loan recipients did not list their race or country of origin – more than 59% of all loans did not include this information. The Trump administration finally released the names of some of the companies that have received PPP loans over $150,000. "The biggest issue is that PPP is short-term help," said Adam Ozimek, chief economist at Upwork, a freelancing platform. Massachusetts PPP Loan List: See How Much Each Company Received New federal records obtained by NBC News and other news organizations provide the most in-depth accounting to date of the SBA's Paycheck Protection Program, which provided millions in pandemic relief through forgivable loans to businesses. Restaurant chains like P.F. In all, Justice companies received between $11.2 million and $24.4 million in PPP money. The Center for Law and Social Policy, a research and advocacy group focused on policies supporting low-income Americans, was authorized for a loan of up to $1 million, according to government data. He said more transparency was needed "to ensure that these taxpayer dollars went where Congress intended — to the truly small and underbanked small businesses.". Organizations approved for loans between $150,000 - $10 million. Search for PPP loan applications by organization, lender, zip code and business type. Restaurant chains like P.F. Jeffress' church reported retaining nearly 300 jobs with its loan of between $2 million and $5 million. ... See all the Mass. Yeezy, best known for its $250 sneakers, just announced a major deal with Gap that will have the rap superstar designing hoodies and T-shirts to be sold in the chain's 1,100 stores around the world. Financial firms were generally not badly hurt by the coronavirus pandemic. Health care, professional and business services, construction and manufacturing received a greater share of loans. Please cite ProPublica by linking to this page. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. Changs, Legal Sea Foods and Silver Diner either received PPP loans or had investors connected to the company that did. They ranked fifth on a list of recipients. He has given $300,000 to the Trump Victory PAC since the start of this year, according to federal campaign finance records. In addition, of course, investment managers and private equity employees tend to be exceedingly well-paid occupations. The government will not know how many of these jobs were actually saved until companies apply to have the loans forgiven, a process that is just beginning. 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. 25% Of Publicly Traded Companies That Received Biggest PPP Loans Were Already In Trouble. A message seeking comment was left with TGI Fridays. CloudCommerce received the $780,680 loan from Utah's Cache Valley Bank on May 5. In Florida, 41,686 recipients received PPP loans over $150,000. Texas, Florida, California, New York and others states have reversed their reopenings, closing down bars and delaying the onset of indoor dining. "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. The Treasury Department's Payroll Protection Program approved loan applicants from a broad swath of industries. Companies were not required to supply demographic data on their applications, and many entries about race and gender contained "unanswered.". Media companies, including Newsday and American Media, former owner of the National Enquirer, got loans of up to $5 million. Powered and implemented by FactSet. … This material may not be published, broadcast, rewritten, or redistributed. by Moiz Syed and Derek Willis, July 7, 2020. As of June 30, the program had handed out $521 billion. INDIANAPOLIS — Indiana companies received nearly $9.5 billion in federal loans designed to save jobs and businesses during the COVID-19 pandemic. The Americans for Tax Reform Foundation, the nonprofit arm of the anti-tax lobbying group Americans for Tax Reform, was approved for a loan of up to $350,000. His "Rabbit" sculpture fetched $91 million at auction last year. Questions. Nationally, the program has approved 661,218 loans through 4,318 lenders. Chang's China Bistro says a PPP loan helped it keep 12,000 workers employed and transition its restaurants to carry-out-only during the coronavirus pandemic. A look at recipients in Florida show 381,455 PPP loans under $150,000 were handed out, totaling around $11 billion. The Girl Scouts of Montana and Wyoming were approved for between $350,000 and $1 million. According to the SBA, more than 4.8 million PPP loans were approved through June 30, with the average loan size being $107,000. Look up loans of more than $150,000 Filter by industry group Copyright © 2021 CBS Interactive Inc. All rights reserved. That's an average of 25 employees per company. Tips can be sent to investigative@wpri.com . All Data. Chang's China Bistro, which was also approved for a loan. Target 12 is providing a full list of the loans and borrowers from Rhode Island, broken down into two groups: loans over $150,000 and loans under $150,000. Chang's, which has more than 210 restaurants around the country, was approved for between $5 million and $10 million from the PPP program, according to the government data. The recipients employed 51 million people before the pandemic began, Treasury Secretary Steven Mnuchin said. Nationwide, 4,885,388 loans totaling $521.5 billion were approved under … In Connecticut, nearly 8,600 businesses received loans from the federal government through a $660 billion stimulus package that helped small businesses stay afloat during the pandemic. Below is a handy chart from Morgan Stanley analysts listing 40 public companies that have received loans ranging from $3 million to $15 million.