Are PPP loans public information? What data is available?

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. 

Get your PPP loan or second draw PPP loan through Womply! Womply has helped over 200,000 businesses get their PPP funding. It’s free to apply for a PPP loan, and Womply can help connect you with an SBA lender that’s right for you! Start your PPP application.

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
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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.” 

Why use Womply to apply for your PPP loan?

As you know, it’s free to apply for a PPP loan, and we know you have lots of choices. So why should you let Womply connect you with an approved SBA lender? Because we know what we’re doing and people love the help we provide. We’ve helped over 200,000 businesses, contractors, sole proprietors, and self-employed individuals get approved. Don’t wait! The deadline is March 31, 2021.

Start your PPP application now!

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