Here’s what was inside the massive government PPP data dump

On Monday, the Treasury Department and the Small Business Administration – under pressure from government auditors, watchdogs and Democratic lawmakers – released a full new document The data on businesses that have received loans under the Paycheck Protection Program. This is the most in-depth review to date of a program widely credited avoid a labor market catastrophe even worse than the one the United States is currently facing.

With just over four weeks remaining, President Trump last week expanded PPP through August 8 — and some $ 130 billion remaining in the pot, here are ten things we learned from this week’s data dump.

4.9 million

This is the number of PPP loans that have been approved so far, according to The data of the Small Business Administration, from a pool of 5,461 lenders. In total, these loans were worth $ 521 billion.

51.1 million

This is the number of jobs supported by the PPP, according to the SBA.

$ 107,000

The average size of a PPP loan.

86.5%

The portion of loans that were less than $ 150,000.

27%

This is the share of PPP loans that has been granted to low- and moderate-income borrowers, defined using Community Reinvestment Act Criteria.

16

This is the number of billionaires who have taken out PPP loans for their businesses, according to a Forbes analysis. The loans were made to at least 44 companies, including clothing brand Yeezy by Kanye West, Braman Motors by Norman Braman and Los Angeles Times Owner Patrick Soon-Shiong’s Chan Soon-Shiong Medical Center.

12.9%

This is the share of loans that went to the health and social assistance sector, according to a the Wall Street newspaper analysis. Retail businesses accounted for 7.7% of loans and the construction sector 12.4%.

12,000

This is the number of jobs in the PF Changs restaurant chain noted she was able to save thanks to her PPP loan of between 5 and 10 million dollars.

583

This is the number of asset management firms and private equity firms that have received PPP loans, according to a New York Times

NYT
analysis data, which showed that these companies were supporting nearly 15,000 jobs with P3 money.

$ 1.4 billion

This is what the Catholic Church received according to To the Los Angeles Times, who also noted that the church’s revenue may have exceeded $ 3.5 billion. The money came from loans to church groups and nonprofits like the Archdiocese of New York.

Disclosure: Forbes Media LLC confirmed on July 6, 2020 that it received a Paycheck Protection Program loan of $ 5-10 million on April 15.

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