Client Alerts & Newsletters

The SBA Discloses Recipient Identity and Other Information for PPP Loans of $150,000 and Above

July 7, 2020

On July 6, 2020, the Small Business Administration (SBA) has made publicly available various types of information about all Paycheck Protection Program (PPP) loans, and targeted media scrutiny has immediately followed. For loans of $150,000 and above, the SBA has released the loan range (e.g., $150,000 – 350,000, $1,000,000 – 2,000,000, $5,000,000 – 10,000,000) and the recipients’ business name and street address. For loans of less than $150,000, the SBA has released the exact amount of the loan but has not released the name of the PPP loan recipient or its street address. For all loans, the SBA has published the recipient’s NAICS code, the recipient’s business type, the date the loan was approved, the “jobs retained,” the lender, and the congressional district. The SBA is also releasing voluntarily-provided demographic information although it has noted that “approximately 75% of all PPP loans did not include any demographic information because that information was not provided by the borrowers” and that the SBA is “working to collect more demographic information from borrowers to better understand which small businesses are benefiting from PPP loans.” The SBA has indicated that this PPP data includes only active loans and that loans that were cancelled for any reason have not been included.

Crowell & Moring LLP will continue to monitor and report on PPP developments.

For more information, please contact the professional(s) listed below, or your regular Crowell & Moring contact.

Olivia Lynch
Partner – Washington, D.C.
Phone: +1.202.624.2654

Stephanie Marcantonio
Partner – New York
Phone: +1.212.895.4305

Amy Laderberg O'Sullivan
Partner – Washington, D.C.
Phone: +1.202.624.2563

Paul J. Pollock
Partner – New York
Phone: +1.212.895.4216

Crowell & Moring LLP is an international law firm with offices in the United States, Europe, MENA, and Asia that represents clients in litigation and arbitration, regulatory and policy, and transactional and corporate matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation and government-facing matters, as well as its ongoing commitment to pro bono service and diversity, equity, and inclusion.

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