The hospitality industry would prefer to see the federal government give them targeted grants, similar to those provided to the airline industry, Longstreet said. Companies said that the funding supported more than 51 million jobs. The program has about $132 billion in funding remaining. ", He then added, "We are particularly pleased that 27 percent of the program's reach in low- and moderate-income communities, which is in proportion to percentage of population in these areas. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House chain, AutoNationand ShakeShack are among those that took out PPP loans. Want personalized 1-1 support to help you with funding and your small business? Companies said that the funding supported more than 51 million jobs. Evo Transportation & Energy Services, Inc. Chang's China Bistro and Chop't received aid of between $5 million and $10 million. content you are seeking by clicking here. But the businesses reported the total when they applied for loans, and it is unclear how many of those employees stayed on payroll. Read our privacy policy for more information. Graphics by CNBC's John Schoen. California PPP Loans; PPP Loan Recipient List By State California. Get this delivered to your inbox, and more info about our products and services. Lawmakers have also pushed to find out if politicians or their families' have taken on funds from the program. State Loan Count; AK - Alaska: 1652: AL - Alabama: 7872: AR - Arkansas You have permission to edit this article. SBA reveals full list of recipients of PPP loans. Business groups have been lobbying to get Congress to quickly pass legislation to reverse the IRS guidance, he said. While the aim of the program was to aid ailing companies with less than 500 employees, its effectiveness has remained unclear. They and many more companies ultimately returned the money after public outcry. Company Name City State ZIP PPP Loan Jobs Industry ; Asian Health Services: OAKLAND : CA: 94607 : $6,671,900 : 452 : All Other Outpatient Care Centers : Marina Landscape, Inc: More than 40% of Black small-business owners wereforced to close shop as result of the pandemic. cable front squat benefits; ocfs fingerprint form; how many universities in hong kong; diagnosis in social case work; black luster soldier deck duel links. A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. whenheoriginallyimplied that theTrump administration would not disclose the names of participants, tried to take the restaurant chain public, More than $30 billion in loans were returned overall, forced to close shop as result of the pandemic. See the guide U.S. Secretary of the Treasury Steven Mnuchin testifies with Jovita Carranza, Administrator U.S. Small Business Administration during the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill on June 10, 2020 in Washington, DC. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Companies that maintain most of their payroll through the span of the loan may convert those funds into a grant. The Small Business Administration has released a list of businesses that have received emergency pandemic loans. Not sure where to start? NEW INSPIRATION BROADCASTING COMPANY INC. Agriculture, Forestry, Fishing and Hunting, Professional, Scientific, and Technical Services, Administrative and Support and Waste Management and Remediation Services, Other Services (except Public Administration). The program was initially rolled out in April, offering $349 billion to small businesses. California PPP Loans; PPP Loan Recipient List By State California. The program has about $132 billion in funding remaining. More than 3,500 state businesses got loans worth more than $1 million, while 103 businesses and other entities took out PPP loans worth exactly $150,000. Cerca Trova Restaurant Group Holdings, Inc. Bank of Southern California, National Association, Charles R. Drew University Of Medicine And Science, Other Justice, Public Order, and Safety Activities, Apparel Accessories and Other Apparel Manufacturing, Agriculture, Forestry, Fishing and Hunting, Farmers & Merchants Bank of Central California, Other Activities Related to Credit Intermediation, Other Similar Organizations (except Business, Professional, Labor, and Political Organizations), National Cooperative Bank, National Association, Surgical Appliance and Supplies Manufacturing, Analytical Laboratory Instrument Manufacturing, General Freight Trucking, Long-Distance, Less Than Truckload, Decker Electric Co., Inc., Electrical Contractor, Diocese Of Monterey Parish & School Operating Corporation, Water and Sewer Line and Related Structures Construction, Other Heavy and Civil Engineering Construction, E&B Natural Resources Management Corporation, Crude Petroleum and Natural Gas Extraction, Lessors of Residential Buildings and Dwellings, Internet Publishing and Broadcasting and Web Search Portals, Semiconductor and Related Device Manufacturing, Surgical and Medical Instrument Manufacturing, All Other Transit and Ground Passenger Transportation, Offices of Physicians, Mental Health Specialists, Lessors of Nonresidential Buildings (except Miniwarehouses), Process, Physical Distribution, and Logistics Consulting Services, All Other Automotive Repair and Maintenance. Some firms said they didn't receive or apply for the money they're listed as getting. The disclosure comes amid demands from Democrats for more transparency around the funds established as part of the $2 trillion CARES Act signed into law this spring. amzn_assoc_default_search_phrase = "Business"; Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. Applicants in California received the most money overall with $68.2 billion, followed by Texas at $41.1 billion and New York at $38.3 billion. There is further data we're working on for the loans under $150k however so check back in the future for that. Businesses in California ,Texas and New York that received loans reported having about 4.1 million, 2.7 million and 2 million total employees, respectively. Denlinger said that the federal government also should move to undo a new IRS determination that will likely mean that businesses that took out PPP loans could get an unpleasant surprise when they do their taxes. Help us crowdsource fraud detection in the PPP program! Has the curve flatten in my town? CNBC's Kate Rogers, Betsy Spring, Kevin Breuninger and Kayla Tausche contributed to this report. Political organizations also received loans: The Ohio Democratic Party got at least $150,000 and the Florida Democratic Party Building Fund got at least $350,000, while the Women's National Republican Club of New York got at least $350,000, the Black Republican Caucus in Florida got at least $150,000. It lowered the share of the loan that must a company must spend on payroll and gave them a longer period of time to use the money. Theaters have been closed while new film releases have been delayed or pushed to streaming platforms. var divElement = document.getElementById('viz1594129907402'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='1000px';vizElement.style.height='850px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='1000px';vizElement.style.height='850px';} else { vizElement.style.width='100%';vizElement.style.height='850px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This week on The Learning Curve," Cara Candal and Gerard Robinsontalk with Sal Khan, founder and CEO of Khan Academy, and Amy McGrath, the Chief Operating Officer of ASU Prep and Deputy Vice President of ASU Educational Outreach. We couldn't find the page you were looking for. The Trump administration on Monday disclosed the names of many small businesses which received loans under a program intended to blunt the economic damage from the coronavirus pandemic. The U.S. SBA regularly publishes PPP loan data for all past PPP loan recipients. Last month, Congress passed a bill easing the terms for how businesses can use the funds and qualify for forgiveness. The program was initially rolled out in April, offering $349 billion to small businesses. So did theLos Angeles Lakers. Based on the data, between $51,448,522,746 and $98,908,322,746 have been loaned through the Payroll Protection Program to businesses in California. It lowered the share of the loan that a company must spend on payroll and gave them a longer period of time to use the money. | Frequently Asked Questions , by Moiz Syed and Derek Willis, July 7, 2020. After those funds quickly ran out, the government replenished the program with an additional $310 billion. A Division of NBCUniversal. Is Yours Next? The PPP loan / Cares Act that was put in place to help business affected by Covid-19. There was a problem saving your notification. Please cite ProPublica by linking to this page. He added though that hes not optimistic that grants directed to help restaurants will be included in the next round of federal stimulus so getting more PPP loans would be the best alternative. Hubwonk host Joe Selvaggi talks with Alva10 CEO and precision medicine expert Hannah Mamuszka about which tests are best for determining who is contagious and the implications for the CDCs new isolation recommendations. When Congress passed the CARES Act back in March, it granted $669 billion to the Paycheck Protection Program (PPP), a loan intended to help small businesses maintain their payroll.The loan is special in that it's fully forgiven if at least 60% of it is used on payroll costs, as it was designed specifically to prevent layoffs during a time of historic unemployment. Democrats have sought assurances programs established to help Main Street sufficiently reach those who most need it. According to this data, from the Small Business Administration, 18,177 Massachusetts small businesses received PPP loans, which the companies claim retained 738,613 jobs. Jared Kushner's parents' family foundation supports the school, NBC News reported. The program's critics have expressed concern that the amount of untapped funds could show that rural or minority-owned businesses with weaker or no banking relationships have had trouble accessing relief money. About 87% of the loans were for less than $150,000, according to the SBA. Numerous news organizations received PPP loans: Forbes Media got at least $5 million; The Washington Times got at least $1 million; The Washingtonian got at least $350,000; The Daily Caller received at least $350,000 and The Daily Caller News Foundation got at least $150,000; The American Prospect received at least $150,000. amzn_assoc_default_category = "All"; Treasury Secretary Steven Mnuchin sparked an outcry from Democratswhenheoriginallyimplied that theTrump administration would not disclose the names of participants. Just more than 25% of the businesses that got loans of less than $150,000 in Pennsylvania listed zero or didnt submit an answer to explain how many jobs the loans were supposedly helping to save. How did COVID impact Massachusetts long-term care facilities? Follow him on Twitter @CNHIPA. U.S. Imports and Bills of Lading for Car Sound Exhaust System Inc. Electrical Contractors and Other Wiring Installation Contractors, Plumbing, Heating, and Air-Conditioning Contractors, Administrative and Support and Waste Management and Remediation Services, Advanced Chemical Transport, Inc., A California Corporation, Photographic Equipment and Supplies Merchant Wholesalers, Commercial Printing (except Screen and Books), Professional, Scientific, and Technical Services, Other Support Activities for Air Transportation, Other Aircraft Parts and Auxiliary Equipment Manufacturing, JPMorgan Chase Bank, National Association, Allen Matkins Leck Gamble Mallory & Natsis LLP, All Other Basic Organic Chemical Manufacturing, New Single-Family Housing Construction (except For-Sale Builders), Offices of Physicians (except Mental Health Specialists), Offices of All Other Miscellaneous Health Practitioners, Wireless Telecommunications Carriers (except Satellite), Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology), Professional and Management Development Training, Poured Concrete Foundation and Structure Contractors, Commercial and Institutional Building Construction, Blood Bank Of San Bernadino And Riverside Counties Dba Lifestream, Coastal and Great Lakes Passenger Transportation, Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers, Administrative Management and General Management Consulting Services, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers, Women s, Girls , and Infants Cut and Sew Apparel Manufacturing, All Other Professional, Scientific, and Technical Services. 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