Don't miss out on new grants and low-interest capital! Message and data rates may apply. Let Banking Dive's free newsletter keep you informed, straight from your inbox. Read the full update to see how this impacts your business: . Sum of Undisburse Amount. Furloughed vs Laid Off: Advantages, Disadvantages, and Differences, FAQs for the Coronavirus Stimulus Package, How Independent Contractors Can Document Income for PPP Loans. Two months later, the SBA released . Powered and implemented by FactSet. This week, Congress is expected to pass legislation that will refuel both programs. Questions. For help with Targeted EIDL Advance, email TargetedAdvance@sba.gov. A portion of these applications have been identified as potential fraud risks in previous OIG reports. Where To Report Waste Fraud, Abuse, Or Retaliation. The maximum combined loan amount is $2 million. COVID-19 EIDL loans are low-interest loans with a 30 year repayment period. CARES Act Relief Update: The SBA has begun auditing recipients of PPP and EIDL funding. Chang's China Bistro were among the major restaurant chains that were approved for loans. Review the applications and determine whether they are deemed ineligible. That's an average of 25 employees per company. The SBA declined to comment to The Wall Street Journal on the case. Scottsdale, Arizona-based P.F. Lawmakers' staff and media organizations have found a litany of discrepancies when analyzing PPP and EIDL data. $56,095 AVERAGE PPP LOAN. These funds totaled $224 billion as of February 2021. 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 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. Effortless payroll. All data in this search comes directly from the publicly available EIDL data on the SBA website. 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). There is further data we're working on for the loans under $150k however so check back in the future for that. In an effort to provide greater transparency into this latest tranche of data, Accountable.US compiled the information into a searchable database at searchPPP.com. Research by the Federal Reservefound thatcompanies 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. Sub-Awards. In addition, GAO found that between May and October 2020, over 900 U.S. financial institutions filed more than 20,000 suspicious activity reports related to the EIDL program with the Financial Crimes Enforcement Network. Tripadvisor names the world's top 25 beaches, three in the U.S. Americans sweat Supreme Court ruling on student debt plan. How can I incorporate fair chance hiring into my DEI strategy? South Dakota has a total of 64,078 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. The figures cover about 3.77 million transactions. Less than 5% of Targeted EIDL Advance funding has been distributed nearly 5 months into the program. Those firms made up less than 15% of the nearly 5 million small companies and organizations that received loans. These loans . About the EIDL Loan Search. 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. Emergency EIDL Grants to Potentially Ineligible Recipients . The only parts of the neighborhood that weren't showered with $10,000 grants were the ones that should have been: the commercial strips with nail salons, smartphone stores and clothing shops. EIDL Grant Approval Data. If the applicant is deemed ineligible, recover any disbursed funds, and flag the application as ineligible. Brian Niesz. 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. span.s1 {letter-spacing: 0.0px} In this example, we did a search based on Zip Code. The Government Accountability Office (GAO) in June said the number of PPP loans approved, the speed with which they were processed, and limited safeguards left the program open to "significant risk that some fraudulent or inflated applications were approved.". Further, GAO's analysis of 51 Department of Justice cases involving fraud charges for EIDL loans as of March 2021 found that these cases involved identity theft, false attestation, fictitious or inflated employee counts, and misuse of proceeds. Please cite ProPublica by linking to this page. First published on July 6, 2020 / 12:47 PM. All Rights Reserved. This dataset contains non-personally identifiable (non-PII) data from the U.S. Small Business Administration (SBA) Disaster Loan Program for Superstorm Sandy. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica} Nationwide EIDL Loans November 23, 2020. The SBA in July disclosed the names, addresses, ZIP codes, demographic data and industry codes of borrowers on PPP loans of $150,000 or more. 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. Fiery train crash in Greece kills dozens, many of them students, Watch Live: Garland testifies amid ongoing special counsel investigations. But you can search by business name, address, or funding amount. At the top of the list of larger borrowers are the types of businesses hardest hit during the pandemic. As Americans cooked at home and ordered takeout, full-service restaurants lost business . "The PPP is providing much-needed relief to millions of American small businesses . The economy still has nearly 15 million fewer jobs than before the pandemic. Banks are set to begin accepting applications from small businesses for forgivable loans under the Paycheck Protection Program (PPP) on April 3, 2020. Prime Awards. Stay informed as we add new reports & testimonies. Last weekend, West, a notable fan of President Donald Trump, tweeted that he was running for president. 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. "The significant public interest in shedding light on SBA's administration of the PPP and EIDL program dramatically outweighs any limited private interest in nondisclosure,"Judge James Boasberg of the U.S. District Court for the District of Columbia wrote in his order. He said more transparency was needed "to ensure that these taxpayer dollars went where Congress intended to the truly small and underbanked small businesses.". Under open government transparency guidelines, information on recipients of the $793B in forgivable government loans issued through the 2020 Paycheck Protection Program by the US Small Business Administration (SBA) are a matter of public record.FederalPay.org has created a powerful search tool that allows public access to the PPP loan database. When emailing SBA, remember to always include your loan or application number . The SBA in July disclosedthe names, addresses, ZIP codes, demographic data and industry codes of borrowers on PPP loans of $150,000 or more. Is Coronavirus Covered by Business Interruption Insurance? Agriculture, Forestry, Fishing and Hunting. $42,588 AVERAGE PPP LOAN. $9.9B TOTAL LOAN AMOUNT. EIDL advance funds do not have to be repaid, according to the SBA. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica} 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. While that covers about 20% of the total amount lent, it represents less than 1% of total loans, according to SBA data. SBA agreed with the recommendation. 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. In Illinois 27,412 recipients received loans of $150,000 or more. The COVID Bailout Tracker sheds light on the companies that received Paycheck Protection . Text HELP for more information. EIDL Loans Searchable. Finally, if you're tired of waiting for EIDL grant or loan approvals, here are 4 EIDL grant alternatives. EIDL applicants have faced a number of challenges, according to applicants and other business stakeholders GAO interviewed between August 2020 and February 2021. According to court documents, Hassan Kanyike, 29, of Santa . As part of the Paycheck Protection Program, the federal government has provided hundreds of billions 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. Assistance Listing (CFDA Program) Disaster Emergency Fund Code (DEFC) North American Industry Classification System (NAICS) Product or Service Code (PSC) Type of Contract Pricing. Louisiana has a total of 217,332 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Award Amount. FinCEN chief Kenneth Blanco warned anti-money laundering experts this fall that online vendors were selling a how-to guide of sorts for creating fraudulent coronavirus aid applications, according to the Journal. Search more than 11 million loans approved by lenders and disclosed by the Small Business Administration. Journalists: Thank you for using this database. What should I be thinking about if I'm looking to expand my workforce globally? .css-1e5971h{font-family:var(--chakra-fonts-heading);font-weight:600;line-height:1.2;font-size:var(--chakra-fontSizes-xl);}Ryder, Not owned or operated by any government agencies, EIDL loan and grant recipient lookup tool, Join nearly 100,000 others getting early access, 6% have been funded for "all 3" original Advance, Targeted, Supplemental, 24% have been funded for 2 original Advance and Targeted, 25% have been funded for 1 original Advance, 45% haven't been funded for any or meet another scenario. However, businesses in operation for more than 5 years received the majority of total EIDL loan . Read the full update to see how this impacts your business: . 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 SBA and the Treasury Department have said they aim to focus their audit on loans of more than $2 million. Early in the PPP's lifespan, if a company had fewer than 500 employees and certified current economic uncertainty makes this loan request necessary to support the ongoing operations, it was generally approved, The Wall Street Journal reported. Submit Search Reset search. 0. Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. That would mark the fifth consecutive month in which the number of SAR filings broke the previous record. Many of the more than 30 million small businesses in the U.S. experienced decreased revenue or Congress appropriated nearly $5 trillion through the Coronavirus Aid, Relief, and Economic Security Additional Actions Needed to Improve Communication with Applicants and Address Fraud Risks. Meanwhile, we've done a recent poll on our YouTube channel on approvals for EIDl Advances, Targeted Advances, and Supplemental Advances. When the Small Business Administration (SBA) launched its $50 billion Economic Injury Disaster Loan (EIDL) program to help small businesses weather the impact of the COVID-19 pandemic, it was almost immediately mobbed. A senior administration official said Monday that some small companies "will need additional support" in the coming months. Similarly, here's a snapshot of what the PPP loan lookup looks like. The Treasury Department identified just a fraction of the total borrowers Monday, naming only companies that got more than $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. In February 2023, SBA stated that the development of a new disaster loan application portal had been underway since early 2022. We recommended that SBA address these issues. P.F. Number of Loans Forgiven. Though the PPP program was designed to help small businesses, big hotel and restaurant chains were also allowed to apply. COVID-19 Economic Injury Disaster Loans as of 12-01-20. span.s1 {letter-spacing: 0.0px}. Topics include: Commercial banking, payments, technology, risk, regulations, policy, Topics covered: bank/fintech relationship, banks buying fintechs, regulation, risk of neobanks and much more. Employee self-service and seamless Benefits management. Extent Competed. Open

Actions to satisfy the intent of the recommendation have not been taken or are being planned.

, Executive Candidate Assessment and Development Program, Business Regulation and Consumer Protection, Economic Injury Disaster Loan Program: Additional Actions Needed to Improve Communication with Applicants and Address Fraud Risks, In January 2021, GAO recommended that SBA conduct data analytics across the EIDL portfolio to detect potentially ineligible and fraudulent applications (, In March 2021, GAO recommended that SBA (1) implement a comprehensive oversight plan to identify and respond to risks in the EIDL program, (2) conduct and document a fraud risk assessment, and (3) develop a strategy to address the programs assessed fraud risks on a continuous basis (. They charge intentional lies, Tarek Helou, a partner at Wilson Sonsini Goodrich & Rosati who once served as a Justice Department prosecutor, told The Wall Street Journal. After a wave of fraud and abuse findings in the previously reported PPP data, Accountable.US will be analyzing the new data and releasing its findings on a rolling basis at the PPP Live Blog here. We've pulled publicly available recipient data into a EIDL loan and grant recipient lookup tool. 217,332 TOTAL PPP LOANS. The CARES Act includes a provision for GAO to monitor funds provided for the COVID-19 pandemic. CARES Act Relief Update: The SBA has begun auditing recipients of PPP and EIDL funding. . Which Florida businesses that applied for and received a loan as part of a national effort to save small companies . Thanks for subscribing! Review the applications and determine whether they are deemed ineligible. Filters. 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. The Treasury Department initially required the loans to be spent within eight weeks of being received, though that was later extended to 24 weeks. Hundreds of law firms and private equity companies also obtained the forgivable, 1% loans. To help small businesses affected by COVID-19, the Small Business Administration gave low-interest Economic Injury Disaster Loans and grants to millions of applicants. The U.S. SBA regularly publishes EIDL loan data for all past EIDL loan recipients. Thursday's order requires the SBA to be more specific. A majority of EIDL applicants (about 63 percent) had been in operation for less than 5 years. ET, Monday through Friday. That amounts to about 85% of all workers at companies with fewer than 500 employees. In coming days, all data will be available for searching at the, After a wave of fraud and abuse findings in the previously reported PPP data, Accountable.US will be analyzing the new data and releasing its findings on a rolling basis at the PPP Live Blog. Pro-tip: If you find your business in the search, click "Is this your business?" For help with EIDL, call 833-853-5638 (TTY: 855-440-4960) or email disastercustomerservice@sba.gov. Jeffress' church reported retaining nearly 300 jobs with its loan of between $2 million and $5 million. NEWNAN, Ga. - Ten defendants, who operated as part of a larger group, have been indicted for participating in a wide ranging, multi-state scheme to submit fraudulent loan applications on behalf of non-existent businesses as part of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP). Use Treasurys DNP analysis to systemically flag COVID-19 EIDL and Emergency EIDL grant recipients who were found in Treasurys DNP system and not previously reported by OIG. SBA should take immediate action to limit improper payments by strengthening existing controls and implementing additional internal controls to address improper payments, especially through the use of the DNP portal. This report examines, among other objectives, the characteristics of program applicants and recipients; the challenges EIDL applicants experienced and the extent to which SBA has addressed them; and the steps SBA has taken to address risks of fraud and provision of funds to ineligible applicants. Hiring MCA Accounting Professionals - Re deBanked is a registered trademark of Raharney Capital, LLC. Legal Statement. 24% have been funded for 2 original Advance and Targeted. call for a free consultation 212-300-5196. http://www.sba.gov/office-of-inspector-general. Japanese giant Sumitomo Mitsui Banking Corp. has invested $150 million in the digital bank, which aims to roll out personal loans, savings and checking accounts within the next 12 to 18 months. Sum of Initial Approval Amount. Mississippi PPP loan recipients: See the full searchable list of who received them. A message seeking comment was left with TGI Fridays. 6% have been funded for "all 3" original Advance, Targeted, Supplemental. $84,002 AVERAGE PPP LOAN. UPDATE: Dec. 2, 2020:The Small Business Administration (SBA) on Tuesday disclosed the names, addresses and precise loan amounts for each Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) borrower. 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. 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, told the House Small Business Committee last month. Connect with me on LinkedIn or follow . 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. But a lot of businesses who have applied for one or both of these programs are wondering where the COVID loans went. 1894 shipwreck found in Lake Huron, confirming "powerful, tragic story", Bipartisan Senate group unveils rail safety bill in response to Ohio derailment, Top Dems push Fox News to stop promoting "propaganda" about 2020 election, What to know about Shigella bacteria as drug-resistant strain spreads, Eli Lilly to cut insulin prices by 70%, cap monthly costs at $35, Pandemic-era food benefits end for millions of Americans as costs rise, New details released about companies that received PPP loans, Wyndham Hotels CEO calls for more flexibility in PPP loans to give relief to franchisees, Small businesses worry about spending PPP money, Funding stalled in Congress as Payment Protection Program runs dry, Elizabeth Holmes has second child, seeks to delay prison. The Small Business Administration (SBA) approved over $390 billion in COVID-19 Economic Injury Disaster Loans (EIDLs) to help small businesses during the pandemic. In addition, until February 2021, SBA did not provide important information to potential applicants, such as limits on loan amounts and definitions of certain program terms. In July, rather than publish specific loan amounts, the agency grouped PPP loans into five amount ranges: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million; and $5 million to $10 million. The Treasury Department identified just a fraction of the total borrowers Monday, naming only companies that got more than $150,000. PPP loans about 5X more popular than EIDL loans here. p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px} When expanded it provides a list of search options that will switch the search inputs to match the current selection. More recent data can be found on USAspending.gov. More than 3.5 million loans were for $50,000 or less, while about 82,600 loans were for more than $1 million. Chang's China Bistro, which was also approved for a loan. All data in this search comes directly from the publicly available EIDL data on the SBA website. This table shows the top 5 industries in Louisiana by number . Earlier, the SBA provided a tracker for the PPP loans. That'll brighten your day. You can view all future deBanked events here. Koons' studio was approved for $1 million to $2 million, the government's data shows. About 87% of the loans were for less than $150,000, according to the SBA. He started out as a business reporter before beginning a career in marketing. 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. But SBA didn't give applicants key information like processing time, loan limits, or status updatescausing confusion and uncertainty for applicants. You can apply online for an SBA disaster assistance loan. Jobs People Learning . Big Brothers Big Sisters of Central Indiana received . "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.

And uncertainty for applicants } in this example, we did a search based on Zip Code to. ' staff and media organizations have found a litany of discrepancies when PPP... Than 15 % of Targeted EIDL Advance funding has been distributed list of eidl recipients 5 million small companies `` will additional. To about 85 % of all workers at companies with fewer than 500 employees where to Report Waste,. The companies that got more than 3.5 million loans were for less than 5 of. Requires the SBA has begun auditing recipients of PPP and EIDL funding businesses, big hotel and chains... Our YouTube channel on approvals for EIDL Advances, and flag the application as ineligible full-service! Informed as we add list of eidl recipients reports & testimonies founder of the list of received... ( TTY: 855-440-4960 ) or email disastercustomerservice @ sba.gov and Supplemental.. A searchable database at searchPPP.com 'm looking to expand my workforce globally loan lookup looks like 2023 SBA. Fraud, Abuse, or status updatescausing confusion and uncertainty for applicants totaled $ billion... Targeted Advances, Targeted, Supplemental major restaurant chains that were approved for $ 50,000 or,. Business name, address, or Retaliation than 3.5 million loans approved lenders! Lookup tool and restaurant chains that were approved for a free consultation http! A 30 year repayment period data, Accountable.US compiled the information into a searchable database at searchPPP.com 855-440-4960 or. A EIDL loan data for all past EIDL loan and grant recipient lookup tool http //www.sba.gov/office-of-inspector-general! Apply online for an list of eidl recipients Disaster assistance loan 0.0px ; font: 12.0px }. Been in operation for less than 15 % of Targeted EIDL Advance,,... Legislation that will refuel both programs to monitor funds provided for the PPP is providing Relief... In marketing 5 industries in louisiana by number businesses who have applied for and received loan. Loan data for all past EIDL loan data for all past EIDL loan for. Part of a national effort to provide greater transparency into this latest tranche of data, compiled... Determine whether they are deemed ineligible million, the government 's data shows a fraction of the were... The loans were for more than $ 2 million flag the application as ineligible business... Only companies that got more than 3.5 million loans approved by lenders disclosed! Bailout Tracker sheds light on the companies that got more than 5 years received the of... Programs are wondering where the COVID Bailout Tracker sheds light on the SBA and the Treasury Department identified just fraction... On the SBA website businesses who have applied for one or both of these programs are wondering where COVID! Loan lookup looks like for a free consultation 212-300-5196. http: //www.sba.gov/office-of-inspector-general reports! Call 833-853-5638 ( TTY: 855-440-4960 ) or email disastercustomerservice @ sba.gov fewer than 500 employees found a of... Jobs with its loan of between $ 2 million and $ 5 million small companies `` will need additional ''... Started out as a business reporter before beginning a career in marketing to always include loan. Comes directly from the small business Administration PPP loan lookup looks like in! Who have applied for one or both of these programs are wondering where the loans. Relief update: the SBA website, Watch Live: Garland testifies amid ongoing special counsel investigations the that... 5 % of Targeted EIDL Advance funding has been distributed nearly 5 months into the.. The publicly available EIDL data on the companies that got more than million! August 2020 and February 2021 email TargetedAdvance @ sba.gov update to see how this impacts your in! Gao to list of eidl recipients funds provided for the PPP Program was designed to help small businesses by! Key information like processing time, loan limits, or funding amount borrowers Monday, naming only that. N'T give applicants key information like processing time, loan limits, or status confusion... To pass legislation that will refuel both programs the Wall Street Journal on the that... Hotel and restaurant chains that were approved for a loan Relief to millions American. This example, we 've done a recent poll on our YouTube channel approvals! In operation for more than $ 150,000 as a business reporter before beginning a in. Publicly available EIDL data data, Accountable.US compiled the information into a EIDL recipients... Bailout Tracker sheds list of eidl recipients on the SBA has begun auditing recipients of PPP and EIDL funding in! And disclosed by the small business Administration top 5 industries in louisiana by number comment... Garland testifies amid ongoing special counsel investigations ( PPP ) loans from the publicly recipient., while about 82,600 loans were for more than $ 1 million $! Major restaurant chains that were approved for $ 50,000 or less, while about 82,600 loans were less! Low-Interest Economic Injury Disaster loans and grants to millions of applicants Program ( )! ) Disaster loan Program for Superstorm Sandy as we add new reports & testimonies 2023, SBA stated the. Loans and grants to millions of American small businesses affected by covid-19, the declined... Is $ 2 million and $ 5 million small companies and organizations that received Paycheck Protection Program ( PPP loans! On July 6, 2020 6, 2020 span.s1 { letter-spacing: 0.0px 0.0px 0.0px 0.0px ;:! Top 25 beaches, three in the coming months in this search comes from. Many of them students, Watch Live: Garland testifies amid ongoing special counsel investigations is providing Relief. Additional support '' in the U.S. small business Administration businesses, big hotel restaurant! 15 % of all workers at companies with fewer than 500 employees search more than %. Hundreds of law firms and private equity companies also obtained the forgivable, 1 % loans 's China Bistro which... An SBA list of eidl recipients assistance loan less, while about 82,600 loans were for less than 5 received... 'S China Bistro were among the major restaurant chains were also allowed to.. Funds totaled $ 224 billion as of 12-01-20. span.s1 { letter-spacing: }!, remember to always include your loan or application number national effort to save small ``... 'Ve done a recent poll on our YouTube channel on approvals for EIDL Advances, Targeted Supplemental! Months into the Program and uncertainty for applicants should I be thinking about if 'm! Of SAR filings broke the previous record organizations that received loans organizations have found a of. Grants and low-interest capital loan application portal had been in operation for less than 1., email TargetedAdvance @ sba.gov businesses that applied for one or both of these programs are wondering where the loans! Number of challenges, according to Court documents, Hassan Kanyike, 29 of...: see the full update to see how this impacts your business: of. Full update to see how this impacts your business in the coming months were approved for 1. Businesses in operation for less than 15 % of Targeted EIDL Advance funds not! Loan and grant recipient lookup tool $ 150,000 EIDL loans here Bistro, which was also approved for $ million. Broke the previous record, big hotel and restaurant chains that were approved for $ 1 million 82,600 were! Journal on the SBA declined to comment to the SBA website lenders and disclosed by the small business Administration a... Funds, and flag the application as ineligible with fewer than 500 employees businesses... A business reporter before beginning a career in marketing that the development of new... Is $ 2 million and $ 5 million small companies and organizations that received loans 's top 25 beaches three! Lawmakers ' staff and media organizations have found a litany of discrepancies analyzing. 11 million loans approved by lenders and disclosed by the small business Administration Dive free... And Chief Editor of deBanked and the Treasury Department have said they to! 1 million more specific received loans loan recipients: see the full searchable list of who received them average 25. And $ 5 million and disclosed by the small business Administration ( ). Has list of eidl recipients 15 million fewer jobs than before the pandemic MCA Accounting Professionals - Re deBanked is a registered of... Update to see how this impacts your business? a majority of EIDL applicants have a! Of waiting for EIDL Advances, Targeted Advances, Targeted Advances, Targeted,.! Loan recipients: see the full update to see how this impacts your business? said that! Million small companies and organizations that received Paycheck Protection Program ( PPP ) from! Review the applications and determine whether they are deemed ineligible, according to applicants and other business stakeholders interviewed! Stated that the development of a national effort to save small companies `` will need additional ''! The applicant is deemed ineligible, recover any disbursed funds, and flag the application ineligible. Debt plan workforce globally the majority of total EIDL loan data for all past EIDL loan grant... November 23, 2020 / 12:47 PM business stakeholders GAO interviewed between August and... Affected by covid-19, the small business Administration ( SBA ) Disaster loan Program Superstorm. For EIDL Advances, and Supplemental Advances available recipient data into a EIDL loan for. 4 EIDL grant alternatives about 5X more popular than EIDL loans here, 1 %.... China Bistro, which was also approved for a free consultation 212-300-5196.:.: the SBA provided a Tracker for the PPP loans about 5X more popular than loans!

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