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Yo_Mama_Been_Loggin

(107,063 posts)
Tue Jul 7, 2020, 02:44 PM Jul 2020

Congress gets full PPP data, while groups push to make more public

The Small Business Administration has publicly released Paycheck Protection Program loan details for hundreds of thousands of loans. But while an agreement with Congress has allowed release of the full data to some lawmakers, several outside groups are pushing for additional transparency to the public.

The newly released data trove includes loan recipient names, addresses, industry codes, business types and loan amount ranges for loans above $150,000, which accounts for nearly 14% of PPP loans, according to the SBA. For loans below $150,000, the SBA only released totals by ZIP code, industry and business type.

The Paycheck Protection Program has been criticized for favoring larger, more established businesses at the expense of the vulnerable, small businesses for which it was established.

Sen. Marco Rubio, R-Fla., who chairs the Senate Committee on Small Business and Entrepreneurship, said in a statement Monday that the administration "has provided much-needed transparency" on the PPP. The disclosure was the result of a deal struck between the SBA and Congress, in which the federal agency would shield the identities and loan details for smaller borrowers and only provide ranges for larger loans.

https://www.bizjournals.com/seattle/news/2020/07/06/congress-gets-full-ppp-data-sba-groups-push-more.html

Oh little Marco would you stop degrading yourself.

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