Politics

U.S. Treasury, SBA to disclose names of most businesses taking PPP loans

Key Points
  • The U.S. Treasury Department and Small Business Administration said they would disclose names and other details about businesses that take PPP loans of $150,000 or more.
  • "SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount ranges" in five different brackets, the Treasury said.
  • "For loans below $150,000, totals will be released, aggregated by zip code, by industry, by business type, and by various demographic categories," the Treasury said.
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Treasury to disclose businesses who took PPP loans of $150K or more

The U.S. Treasury Department and Small Business Administration said on Friday they would disclose names and other details about businesses that take Paycheck Protection Program loans of $150,000 or more.

"SBA will disclose the business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount ranges" in five different brackets starting from $150,000, SBA and the Treasury said in a statement.

Those categories account for 75% of the loan dollars approved, it said. "For loans below $150,000, totals will be released, aggregated by zip code, by industry, by business type, and by various demographic categories," it added.