The Treasury Department's Payroll Protection Program approved loan applicants from a broad swath of industries. As was the case after the first round of the Paycheck Protection Program last summer, the state's top recipients so far include restaurants, doctors' and dentists' offices, legal practices, construction companies, car dealers, hotels and religious organizations. All rights reserved. Funds will be made available following a successful application. Media companies, including Newsday and American Media, former owner of the National Enquirer, got loans of up to $5 million. Massachusetts Telehealth Report Card: Are We Embracing Disruption for Better Quality of Care? Nothing on this website is an offer or a solicitation for a loan. SCOTUS Appears Poised To Reject Defense-Friendly Safeco Scienter West Virginia Passes the PFAS Protection Act, Price Transparency CMS Updates Enforcement Process, Get Ready for FDA Investigations Over Semaglutide, EPA Proposes Regulatory Limits for PFAS in Drinking Water. "It didn't reach the industries that needed it, and it looked like it didn't reach the states that were hardest hit," Bovino said. This website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. Under certain state laws the following statements may be required on this website and we have included them in order to be in full compliance with these rules. Not sure where to start? As K&L Gates previously noted, [15] the partisan divide between congressional Democrats seeking oversight over the Republican administration could have consequences for businesses and individuals who come under scrutiny related to receipt or use of CARES Act funds. https://pioneerinstitute.org/wp-content/uploads/Hubwonk-Template-60.png. ATR, led by the anti-tax activist Grover Norquist, who has long supported a smaller federal government, said it didn't oppose the PPP. All Rights Reserved. As previously reported, K&L Gates expects the government to take a pay, then chase approach to these funds; the SBAs approval of and disbursement of these loans does not preclude the government from later pursuing a recovery of funds that it maintains were fraudulently claimed. The Girl Scouts of Montana and Wyoming were approved for between $350,000 and $1 million. The Treasury and SBA later reversed course, saying they woulddisclose names and other details about businesses that took PPP loans of $150,000 and above. [12] Press Release, U.S. House of Reps., Select Subcomm. Mr. Bittinger focuses his practice on health care reimbursement compliance, defense and litigation, with a focus on government and private payer disputes on behalf of providers, vendors, and manufacturers involved in the United States health care system. Mississippi Paycheck Protection Program (PPP) Loans - The Clarion Ledger This directory is composed of all companies that have received loans under the Paycheck Protections Program according to data provided by the U.S. Treasury. of Inspector General, OIG Strategic Plan: Oversight of COVID-19 Response and Recovery (May 2020), available athttps://oig.hhs.gov/about-oig/strategic-plan/COVID-OIG-Strategic-Plan.pdf. The private equity firm. $341 Million in PPP Fraud So Far, and Counting - Small Business Trends PPP Loan Directory In 2014, TGI Fridays was bought by the the New York private equity firm TriArtisan Capital Advisors. Congress passed legislation last month easing the requirements for loan forgiveness. [16] U.S. Small Bus. Public pressure following release of PPP borrower information may force SBA-OIG to increase its oversight of the PPP program, including an increase of referrals to law enforcement due to alleged fraud or abuse. [11]SeeRichard P. Church,et al., COVID-19: Updated HHS Announces Remaining Allocations of CARES Act Provider Relief Funding and Updates Funding Terms and Conditions(Apr. This disclosure covers each of the 4.9 million PPP loans that have been made. SBA Paycheck Protection Program Data Lookup - FederalPay Trump on Saturday signed the extension into law. var divElement = document.getElementById('viz1594129907402'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='1000px';vizElement.style.height='850px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='1000px';vizElement.style.height='850px';} else { vizElement.style.width='100%';vizElement.style.height='850px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); A new report from Reason Foundation, Cicero Institute and Pioneer Institute rates every states telehealth policy for patient access and ease of providing virtual care. Nearly 600 asset management companies and private equity firms were approved for money from the PPP, according to government data. See the guide [2] David C. Rybickiet al., COVID-19: Multiple Investigations of Coronavirus Fund Recipients Underway(June 3, 2020),http://www.klgates.com/covid-19-multiple-investigations-of-coronavirus-fund-recipients-underway-06-03-2020/. He has represented both individuals and companies in investigations involving the Department of Justice, U.S. $17.9B TOTAL LOAN AMOUNT. COVID-19 Roundup from Pioneer: COVID & Air Conditioning; NEW: PPP Loan 185 Devonshire Street, Suite 1101 Boston, MA 02110. Stephen Bittinger is a partner in the firms Charleston office. PPP list: Who received federal loans in Mississippi? Sen. Marco Rubio, a Florida Republican and chairman of the Small Business Committee that crafted the program, said the release of the data provided "much needed transparency." Some that were less directly impacted by the pandemic, such as manufacturing and construction companies, received a greater proportion of the loans than the hard-hit restaurant and hotel industries.
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list of ppp loan recipients by name