On July 4, 2020, President Trump signed a bill (S.4116) into law that extends the PPP loan application deadline from June 30 to August 8, 2020. The full legislative text of the bill is available here.
At the same time, the Small Business Administration (SBA) has released data regarding the nearly 4.9 million loans that have been granted to businesses under the PPP, which can be accessed here. When reviewing the data, for loans of $150,000 and above, details are arranged by state, borrower’s name, and range of amount borrowed (e.g., $5 million to $10 million). Names of businesses that borrowed less than $150,000 have not been disclosed. However, specific loan amounts are listed with industry codes, ZIP codes, number of jobs supported, and other information.
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This publication is provided by Caroprese & Company as a service to its clients and colleagues. The information and content included in this publication should not be construed as technical advice. Questions regarding any matters discussed in this publication should be directed to Brandon Caroprese whose contact information is listed below:
Brandon Caroprese, CPA, MST