More than 50 Massachusetts Jewish entities received PPP Loans over $150,000

Le Bernardin

More than 5,200 Illinois law firms get PPP loans

Virginia's businesses and nonprofits took in between $9.5 billion to $18.2 billion through the U.S. Treasury Department's Payroll Protection Program, new data released Monday shows.

Now Borrowers may seek forgiveness of PPP loans before the end of the "Covered Period" (or "Alternative Covered Period"), so long as all proceeds of the PPP loan which are eligible for forgiveness have been spent.

The NAACP says they want to get more money in the hands of community banks that have better relationships with minority owners to help close the gap before the new PPP deadline on August 8.

"I'm sceptical of the total number", said Philip Mattera, a director at Washington-based non-profit Good Jobs First, which focuses on government accountability.

You can search the table below for specific businesses, for certain cities, or browse by loan amount.

Canada added almost one million jobs in June as businesses reopen
Saskatchewan added more than 30,000 new jobs in June as businesses began to open back up from the COVID-19 pandemic. Fielding said 1,912 Manitobans have signed up for the program since it was announced June 23.

In one instance, e-scooter company Bird was listed as receiving a PPP loan between $5 and $10 million.

"We've been able to not only reach out to the smallest of small businesses but manufacturers and constructions sites which have anywhere from 2 to 3, 4, 500 employees", Carranza noted. "(There were) certainly some hurdles to overcome really around getting the loan to be fully forgiven and turned into a grant".

For example, a Reuters analysis of the data found that 827 companies reported saving at least 400 jobs with a loan smaller than US$150,000.

"It's kind of counterintuitive to think that small businesses are looking for government handouts, but remember, this was in reaction to what government told them they had to do, to shut their business", Geiger said.

The SBA and Treasury Dept. hoped to solve those loopholes which allowed a company like the Los Angeles Lakers to get a PPP loan when a second round of funding was approved. The government data said almost 110,000 PPP loans were awarded in Virginia, with the vast majority - 93,000 - under $150,000.

Australia halves worldwide arrivals, launches hotel quarantine inquiry amid Melbourne coronavirus spike
Mr Morrison will speak with New Zealand Prime Minister Jacinda Ardern on Friday about the trans-Tasman travel bubble. Western Australia's return to normal has been pushed back amid Victoria's new COVID-19 outbreak.

Tuesday, a complete detailed list of businesses that received the loans was released. Texas has the second-highest total at $41.1 billion and NY is third at $38.3 billion.

The businesses and organizations were among about 650,000 across the country that received PPP loans, set up to provide financial support during the COVID-19 pandemic. Francis Ford Coppola Presents LLC received between $5 million and $10 million and Niebaum Coppola Estate Winery, LP received $1 million to $2 million.

The overwhelming majority of PPP loans have been for $50,000 or less.

Dan Bates, president and CEO of the Greater Hamilton Chamber of Commerce, said one of the biggest challenges for businesses was that the guidelines were not defined and kept changing. Shaheen & Gordon's loan was significantly larger than the average amount given to PPP recipients in April. Nationwide, loans above $150,000 accounted for 75% of all dollars disbursed through the program, the SBA said.

UK, Australia launch probe into Clearview
CEO Hoan Ton-That said in a statement that Clearview "searches publicly available photos from the internet in accordance with applicable laws".

Latest News