San Francisco-based First Republic was undone by low-rate mortgages it made to its wealthy customers as well as by the fallout from last month's banking crisis. Paycheck Protection Program loans and fraud | Financial Planning ~3,=PttIg'La`v 8 -; $9 @Z.jQ TVC The program caps forgiveness for salaries at $100,000 per employee, more than twice the states median household income. Download .pdf. PPP Loan Recipient List By State Texas 938,289 TOTAL PPP LOANS $62.6B TOTAL LOAN AMOUNT $66,767 AVERAGE PPP LOAN 8 AVG COMPANY SIZE Texas has a total of 938,289 businesses that received Paycheck Protection Program (PPP) loans from the Small Business Administration. Sorry, there are no recent results for popular commented articles. 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. 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SHUGARS, Thomas Sep 7, 1941 - Apr 29, 2023. For reprint and licensing requests for this article. The map below allows you to explore loans of more than $150,000 and see whether the recipient is located in a majority-minority area. The SBAs Economic Injury Disaster Loan providesvital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19pandemic. The program provided those loans to 146,000 state businesses, an average of just under $35,000 per business. Focus Financial Network of Minneapolis received $927,200 and did not repay the money. Due to address formatting issues, less than 2% of total addresses could not be geocoded.Erik Reyna, Simon Glenn-Gregg, Jason Holt, Adrin Blanco and Joe Fox contributed to this report. Investment firms took "liberties" to "exaggerate payroll needs" that "may have facilitated misconduct in the PPP loan procurement process," the study said. Weve had many restaurants take advantage of it, Longstreet said. The PPP started in the spring of 2020 as part of the U.S. governments efforts to minimize damages caused by coronavirus prevention measures. Georgia: Georgia has received over 120,000 PPP loans, totaling over $7 billion. PPP Loan Data. 2021 PPP forgiveness platform lender submission metrics reports Reports from the PPP forgiveness lender platform in 2021 Download .pdf File size: 165KB Effective : December 26, 2021 Owned by : Office of Capital Access Related Programs : PPP Variations of this document Version 19 | Effective: December 26, 2021 | File size: 165KB | Download .pdf He joined The Post in 2010. $45,772: 5,249. Some businesses that already received PPP loans are eligible to apply for a Second Draw loan. 743 0 obj <> endobj The support firm for RIAs sees opportunities to position itself between buyers and sellers of firms. Nearly 300 public companies have received loans from the program, though some have returned it. Follow him on Twitter @CNHIPA. Paycheck Protection Program Loan Recipients on the Department of Treasury's Do Not Pay List REPORT 21-06| January 11, 2021 N S P E C T O R G E N E R A L M A N A G E M E N T A L E MEMORANDUMOfficeofBusinessInspectorAdministrationGeneral Date:Jovita Carranza 11, 2021 TO: FROM:Administrator l "Mike" Ware /S/ SUBJECT: An interactive timeline following President Bidens actions on immigration. $#:hD~ PPP - Loan Forgiveness Application and Instructions for Borrowers who Received a PPP Loan of $150,000 or Less - Form 3508S (7/30/2021) PPP - Loan Forgiveness Application and Instructions - Form 3508EZ (7/30/2021) PPP - Loan Forgiveness Application and Instructions - Form 3508 (7/30/2021) FINRA, which oversees brokers and tracks independent advisors, said in January 2021 that it was looking at advisors who took the loans to shore up outside business activities, such as selling private securities or dealing in confidential client information, that were not disclosed to their employers. There was a problem saving your notification. The complaint alleges that the defendant conspired with others to obtain millions of dollars in fraudulent PPP loans. The Accountability Project is a part of The Investigative Reporting Workshopand has been made possible through a grant from theReva and David Logan Foundation. File size: 703KB . April 2023 sandy koufax private signing 2021 John Finnerty is based in Harrisburg and covers state government and politics. Low near 35F. This story was first published in Dec. 2020.Loan data is from the Small Business Administration Paycheck Protection Program.The Small Business Administration has continued to update the list of PPP recipients throughout the crisis. Funds will be made available following a successful application. Borrowers are eligible for full forgiveness as long as they maintain the same level of employment and compensation for a certain period and spend most of the loan on their payroll. %PDF-1.6 % Its make or break time for many of them, he said. hbbd```b``dd"H6N#` The Department of Justice has charged some with obtaining PPP loans through fraudulent means, which has prompted an interest in loan data. PDF Paycheck Protection Program (PPP) Report - Small Business Administration Share sensitive information only on official, U.S. Small Business Administration409 3rd St., SWWashington, DC 20416800-827-5722, Paycheck Protection Program Report Weekly Reports - latest report May 31, 2021, Women-Owned Small Business Federal Contracting program, 7(j) Management and Technical Assistance program, Natural Resource Sales Assistance program, Procurement Center Representative Directory, Small Business Development Centers (SBDC), Veterans Business Outreach Center (VBOC) program, Paycheck Protection Program Weekly Reports 2021.