In this 3-minute read:
- What information in regards to the PPP loan is publicly available?
- Are there any instances where this data may not be publicly available?
- Why is PPP loan information publicly available?
- Where do I find data about PPP loan recipients?
Did you or are you going to borrow a loan from the Paycheck Protection Program for your business? If so, then at least some of that information will be provided in public databases from the U.S. Small Business Administration (SBA).
In this article, we’ll identify the public information that is shared and where you can find that information.
Womply has made email marketing truly automatic for busy small business owners and all types of independent contractors. Learn more, plus get free reputation monitoring and customer insights when you sign up for Womply Free!
What information in regards to the PPP loan is publicly available?
The SBA has a public database available on their website where you can find records of the PPP loan. See all PPP data here.
However, there is a limit to the information that the SBA shares, and the information is even more limited if your PPP loan is less than $150,000.
For businesses that took (or will take out) a PPP loan of less than $150,000, the SBA will provide the following information in their public database:
- Loan amount
- City, state, zip
- NAICS code
- Business type
- Race/ethnicity
- Gender
- Veteran
- Nonprofit
- Jobs reported
- Date approved
- Name of lender
For businesses that took (or will take out) $150,000 or more for their PPP loan, the SBA will provide the following information in their public database:
- Loan range (the following are the loan ranges reported)
- $150,000-$350,000
- $350,000-$1 million
- $1-2 million
- $2-5 million
- $5-10 million
- Business name
- Address
- City, state, zip
- NAICS code
- Business type
- Race/ethnicity
- Gender
- Veteran
- Nonprofit
- Jobs reported
- Date approved
- Name of lender
Beyond the individual business data for each PPP loan provided, you can also view summaries for the following:
- Total loans approved, their net dollars, and the lender count
- 2021 loans approved, their net dollars, and the lender account
- Lender forgiveness submissions and total dollar amount requested
- Total payment made for forgiveness and the total dollar amount paid
Again, all of this information is available at sba.gov.
Are there any instances where my PPP loan data may not be publicly available?
There are some instances when PPP loan data may not be available.
Changes to a PPP loan may not be reflected in the public database, nor will cancelled PPP loans be available to the public.
PPP loan demographic data is all voluntary (race/ethnicity, gender, veteran), so this may not be available for all loans because businesses may have chosen not to disclose that information. According to the SBA, 75% of all PPP loan applications did not include any demographic information.
Why is PPP loan information publicly available?
The Freedom of Information Act (FOIA) enacted in 1966 requires that all existing federal government records are made available to the public–unless they are protected from disclosure by the nine exemptions of the FOIA or the release of that information would cause a specific harm.
Prior to December 1, 2020, the SBA had only released information for those that took out loans of $150,000 and larger. But under the FOIA, a federal court judge ordered the SBA to release information on ALL recipients of PPP loans. So, as of December 1, 2020 (and moving forward), the SBA has released and will share info on all recipients of the PPP loan.
The “SBA is committed to ensuring that any release of PPP loan data does not harm small businesses or their employees.”
Win new customers and build loyalty with your existing customers with Womply Email Marketing
Womply has made Email Marketing truly automatic for busy small business owners, independent contractors, and sole proprietors. Womply helps you turn customers into regulars and get more repeat business with targeted emails that send automatically when customers transact with you. Build customer loyalty and revenue, and get more repeat business with just a few clicks!
Learn more, plus get free reputation monitoring and customer insights when you sign up for Womply Free!