The SBA and Treasury Department said they will publicly release certain information about Paycheck Protection Program borrowers.
SBA to release info on most PPP borrowers
June 22, 2020 / By ICBA
The SBA and Treasury Department said they will publicly release certain information about Paycheck Protection Program borrowers.
The SBA and Treasury Department said they will publicly release certain information about Paycheck Protection Program borrowers.
The SBA said it will disclose business names, addresses, dollar ranges for loan amounts, and other information for PPP borrowers with loans of $150,000 and up, which account for nearly three-quarters of PPP borrowers.
Dollar-amount disclosures will provide ranges from $150,000-$350,000 up to $5 million-$10 million.
ICBA continues calling on community bankers and small-business owners to urge the Treasury Department and SBA to enact additional PPP simplifications, including a loan-forgiveness calculator and presumption of compliance for certain loans.
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