On July 6, 2020, the SBA released identifying information of the borrowers who took out a Paycheck Protection Program (PPP) loan. There was much uncertainty whether the names of the borrowers would be made public, and Congress and the Administration went back and forth on this matter. Nonetheless, an agreement was reached several weeks ago to release this information. For more information on this decision, please click here.
To assist you in finding the SBA’s resources, we have provided links to the following:
- SBA Paycheck Protection Program Loan Level Data
- Background information on PPP loan details from the SBA
The SBA also issued a spreadsheet listing borrowers with PPP loans of over $150,000. It is a large file and can be accessed through the link above. For your reference, the borrowers are listed in the following loan ranges:
- $5,000,000 – $10,000,000
- $2,000,000 – $5,000,000
- $1,000,000 – $2,000,000
- $350,000 – $1,000,000
- $150,000 – $350,000
Then within the range, the borrowers are listed alphabetically.
Finally, the column headings, and thus the information provided, on this PDF are as follows:
- Loan Range; Business Name; Address; City, State, Zip; NAICS Code; Business Type; Race-Ethnicity; Gender; Veteran; Non-Profit; Jobs Retained; Date Approved; Lender; and CD
This information is now public record, and PPP borrowers should be aware of this. If interested, you can learn more about how your company can turn media inquiries about your loans into positive branding opportunities here.
Please contact your Sikich tax advisor with questions about the PPP loans.
About our authors
Jim Brandenburg
Jim Brandenburg, CPA, has extensive experience and knowledge in corporate and partnership tax law, mergers and acquisitions and tax legislation. His expertise includes working with owners of closely held businesses to identify tax planning opportunities and assist them in implementing these strategies.
Kyle Adams
Kyle Adams is an account director in Sikich’s public relations practice. He develops and executes marketing communications, media relations and social media programs to help companies raise brand awareness, promote products and services, and showcase expertise. He specializes in strategically pitching and securing media coverage for clients in business and trade publications; writing bylined articles, white papers, case studies and news releases; and managing social media campaigns.
Tom Bayer
Thomas E. Bayer, CPA, CExP, has more than 25 years of experience providing a broad range of accounting, tax, and business advisory services to commercial clients across various industries and Sikich offices. Tom has specialized expertise in the areas of business succession planning, tax planning and compliance, and business advisory. He puts his business succession planning abilities and knowledge to work firm-wide, serving clients in advisory services across the country.
