Administration To Provide Additional PPP Loan Data To Congress

In a letter to Congressman Richard Neal, the Treasury Department and SBA agreed to provide Congress additional data on the roughly 4.7 million loans made through the Paycheck Protection Program ("PPP").

The announcement followed pushback from congressional leaders over an agreement between the Small Business Administration ("SBA"), the U.S. Department of Treasury, and bipartisan leadership of the U.S. Senate Small Business Committee to make certain PPP loan data publicly available. Specifically, for PPP loans of $150,000 or more, the SBA will publicly disclose the business names, addresses, NAICS codes, zip codes, business types, demographic data, non-profit information, jobs supported and loan amount ranges. For PPP loans of less than $150,000, which account for roughly 85 percent of the total number of loans made to date, only certain aggregated data will be made publicly available.