California, Florida, Texas, Illinois, and New York received the most amount of total EIDL Advance funding. In round two, businesses in rural areas account for 30% of all loans—a full 10% more than loans in round one. As of December 27, 2020, the President signed the stimulus bill that includes the emergency Economic Injury Disaster Loan (EIDL) grant funding and Paycheck Protection Program (PPP) loans. However, that list accounts for less than 15% of loans made through the program. The SBA has approved over 1.1 million EIDL loans. The judge found that SBA’s claimed exemptions from the Freedom of Information Act do not cover the PPP data sought by major news organizations. Welcome back! Schools, Nursing Homes Using Disinfecting Machine to Fight COVID-19, COVID-19 Funeral Reimbursement Program: What You Need to Know, Copyright © 2021 NBCUniversal Media, LLC. A consortium of news organizations, including ProPublica, has … Can I Use EIDL to Pay Off Debt? Release of PPP loan recipients' data reveals troubling patterns. Loan recipients included independent contractors such as Uber drivers, franchises of international brands, health-care workers, nonprofit organizations, … We reached out to the SBA regarding the entries that do not include business names, and we are still waiting to hear back. Of course, this is related to the types of businesses that applied and the $1,000 per employee criteria, but there are a few outliers. In general, the total number of EIDL Advances corresponded similar to state population. Success! Including the EIDL loans, about $700 billion has been loaned to businesses. The data includes the congressional district of each organization, but for Pennsylvania and North Carolina the districts do not reflect 2018 redistricting. Judge Orders the Release of Data on Emergency Loans for Small Businesses. These include New York ($2,943), South Dakota ($2,912), Nebraska ($2,957), Montana ($2,972), Hawaii ($2,927), and Florida ($2,907) — the lowest EIDL Advance average. Great! 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. How many businesses or individuals were denied for EIDL Advances? However, you have until December 16, 2020 (in most states) to apply for a non-forgivable EIDL loan. However, as of this writing we do not have new rules yet. PPP guidance was issued last week. The EIDL agreement requires any borrower accepting a loan … The tool is HERE. PPP loan recipients can have their loans forgiven in full if the funds were used for eligible expenses and other criteria are met. You can search by clicking on the links below. The COVID relief programs were meant to help businesses struggling during the pandemic. Additional Information. By Sari Lesk – Reporter, Milwaukee Business Journal . GAO's High Risk List Puts Spotlight on Emergency Loans For Small Businesses, Reinforcing Audit and Investigation Risk for PPP and EIDL Program Participants. You've successfully signed in. Here’s the full list of companies that received Paycheck Protection Program loans over $150,000 Christopher Zara 7/6/2020 Two deputies shot in North Carolina, suspect barricaded in house The government on Monday identified about 650,000 mostly small businesses and nonprofits that received taxpayer money through a … 116-123). Recipients did not have to be approved for an EIDL to receive the EIDL Advance. 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. After you’ve received the advance, you will get the remaining $90,000 if your loan is approved—not an additional $100,000. Your business structure must remain the same for the life of the loan. It would have been directly paid to you from the SBA (not through a bank). The following data was provided by the SBA & US Treasury Department showing a breakdown of all the companies who received loans over $150,000. It is also referred to as the EIDL, Economic Injury Disaster Loan. Filter the list or search for specific companies. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. Governor signs AB 80 (04-29-21). These include New York ($2,943), South Dakota ($2,912), Nebraska ($2,957), Montana ($2,972), Hawaii ($2,927), and Florida ($2,907) — the lowest EIDL Advance average. Results show the range of the loan received, jobs retained, date approved, and other details released by the federal government Monday, July 6. See the data: SBA releases list of recipient names, loan values of EIDL program. The data reveals the most complete accounting to date of the more than $700 billion in forgivable loans … The SBA’s time has run out: on Tuesday night, the organization released the loan data for all Paycheck Protection Program (PPP) recipients. As we can see, Illinois (above) has the highest average EIDL grant per business of all states at $5,213 followed by Massachusetts (below) with an average of $5,010. Yet many of those who have received their approval notification are confused about how they can use funds from their EIDL loans. Updated January 7: As we announced in summer 2020, the Small Business Administration (SBA) finally released PPP (Paycheck Protection Program) loan recipient data.As you may know, the PPP program was passed through the CARES Act to help small businesses with forgivable loans in order to keep people on payroll and save jobs. The SBA had previously released the names of many Economic Injury Disaster Loan and EIDL advance recipients, but it didn’t reveal which sole … AB 80 is now officially law in California, providing partial conformity to federal law allowing taxpayers to deduct expenses paid with PPP forgiven loan amounts as well as EIDL targeted and advance grants. Last modified: December 3, 2020. EIDL Advance money is no longer available. The SBA EIDL program offered up to $10,000 in a forgivable loan advance and continues to offer loans for up to $2 million. Dec 15, 2020 Updated Dec 15, 2020, 9:08am CST. Furthermore, approximately 26% of second round recipients are listed as low-to-moderate income (LMI) enterprises. Our main takeaway when looking at EIDL Advance state level data is that surprising variations by state did exist, and we wonder if we'll see a similar pattern in the second EIDL grant round. The grant is based on $1,000 per employee up to a maximum of $10,000. You can search by clicking on the links below. The amount of the loan Advance was deducted from total loan eligibility. This temporary database follows the group’s previous searchable database of previous PPP, Economic Injury Disaster Loan (EIDL), and Payroll Support Program (PSP) loans available in the group’s COVID Bailout Tracker. EIDL loan recipients cannot change their business structure while the loan is outstanding. The tool below can be used to search all publicly released PPP recipients in LA. Lending to businesses in urban areas is down to 70%. In Florida, 41,686 recipients received PPP loans over $150,000. The results do not inspire […] The maximum combined loan amount is $2 million. This searchable list shows information for businesses that received loans of more than $150,000, as reported by the SBA. From reports on these pages, drivers are starting to receive funds from the Small Business Association Emergency Injury Disaster Loan program (SBA:EIDL). 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