SBA and Treasury Reveal Small Businesses that Received PPP Loans

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As the CEO & President of Women in the Housing & Real Estate Ecosystem (NAWRB) and Desirée Patno Enterprises, Inc. (DPE) Real Estate Brokerage, Advisor & Investor for AmicusBrain—AI for Aging Population, CSO for ZuluTime, Publisher, Connector and a National Speaker, Desirée Patno’s network and wealth of knowledge crosses a vast economic footprint. With three decades specializing in the Housing & Real Estate Ecosystem and owning her own successful brokerage, she leads her executive team’s expertise of Social Impact, Gender Equality and Access to Capital, and provides personalized consulting services to the Real Estate and Family Office community.

The U.S. Small Business Administration (SBA) and Treasury Department released detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). The disclosed data covers each of the 4.9 million PPP loans that have been made thus far, and includes business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, jobs supported, and loan amount ranges above or below $150K. 

“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 the SBA’s official press release.  “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.”

Interestingly, 75 percent of the loan dollars approved were in the amount ranges of $150K to $10 million. For all loans below $150,000, SBA is releasing all of the above information except for business names and addresses. The data also includes statistics regarding loan dollars per state, loan amounts, top lenders and distribution by industry, which indicates that many small businesses were able to receive loans across diverse communities, and at all income levels and demographics. 

In terms of diversity in loan distribution, the data further reveals the reach of the PPP program in “underserved communities, rural communities, historically underutilized business zones (HUBZones), and participation by religious, grantmaking, civil, professional, and other similar organizations.” 

View the PPP loan data here

 

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