List of Wyoming Businesses Approved for PPP Loans

List of Wyoming Businesses Approved for PPP Loans

If you didn't complete an application for a Paycheck Protection Program (PPP) loan before the previous deadline, you're in luck.

For loans under $150,000 - about 94% of the county's total - the data includes only the municipality and the loan amount and does not reveal the name of the recipient.

Pierce County businesses might have received as much as $1.9 billion in federal loans to keep employees on payrolls.

Reuters and other media outlets have also identified several borrowers listed in the data, including scooter company Bird Rides Inc and New York-based Advent Capital Management LLC, which dispute that they applied for or received a PPP loan.

The Paycheck Protection Program, overseen by the Small Business Administration (SBA), allows small businesses with 500 or fewer employees hurt by the economic fallout of the pandemic to apply for a forgivable government-backed loan. Any portion of the loan amount not forgiven due to a Salary Reduction must be repaid before the maturity date of the loan.

What they're saying: "Companies listed had their PPP applications entered into SBA's Electronic Transmission (ETran) system by an approved PPP lender".

From Acme to Zeeland, small businesses across MI received forgivable Paycheck Protection Program loans from the federal government to help alleviate the financial strain of the coronavirus pandemic.

The loans were meant to provide "direct incentive for small businesses to keep their workers on the payroll and to maintain their operations", according to the SBA, which authorized PPP loans and limited applications to firms with fewer than 500 employees, with a few exceptions. The majority of businesses received $150,000 or less. Use the table below to search for firms and their loan amounts.

However, Roebker at the SBA Great Lakes Region, says federal fair lending laws have generally prohibited lenders from seeking demographic information from loans. About $130 billion has still not been claimed. "I believe they have until August 8 to do so". Corey Lee of Benu in San Francisco has said he was boosted by PPP funds, but his loan did not appear in the disclosed data.

The Treasury Department this week made public the names of more than 26,000 companies and organizations in Pennsylvania that received loans of $150,000 or more.

What's next: Soon we could get a better picture about how many payrolls were actually protected, as loan forgiveness applications are submitted and processed. "The people who got hurt the most were the ones that didn't have those relationships established".

Jagadeesh Sivadasan, a Professor of Business Economics and Public Policy at the University of Michigan Ross School of Business, says collecting comprehensive direct data about PPP borrowers' race or ethnicity could be hard if, for example, there are several co-owners of a PPP borrowing company from different families with different ethnic backgrounds.

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