The relative improvement is even greater when the comparison is further restricted to firms with similar pre-pandemic financial and commercial viability ratings. Firms that received loans later in the first round of the PPP exhibited greater improvement in their financial condition compared with earlier recipients within the same state, industry, age group, and size group.PPP borrowers became 18 percent less risky four quarters after they received a PPP loan relative to their peers that did not receive a PPP loan in 2020, when the heterogeneity in firms' pre-COVID financial health is accounted for. Currently, the total PPP loans approved is reported at nearly 8.9 million on.Even these later PPP borrowers were 26 percent less risky than firms that did not receive PPP loans in 2020.
Who got ppp loans database zip#
Firms that received PPP loans before mid-April 2020 were 18 percent less risky than those that received PPP loans after early May, even among firms within the same state, industry, age group, size group, and other, more stringent within-group comparisons (such as county, Zip code, and three- and four-digit North American Industry Classification System ). According to the SBA, the Paycheck Protection Program. More creditworthy firms were more likely to receive a PPP loan in the 2020 round and to receive it earlier. A PPP loan is a Small Business Authority-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis.Some companies said they did not receive a loan, including scooter company Bird and venture capital firm Index Ventures, which both said they did not apply or receive a PPP loan, according to TechCrunch. Approximately 0.88% said the business owner was Hispanic while 12.4% said white. Loans on the list included dollar amounts as low as 1 The data appears to have some inaccuracies. Among the 13,000 Colorado businesses borrowing more than $150,000, fewer than 1% listed their race/ethnicity as Asian, Black or American Indian. But most applicants did not share those details, according to the SBA. Loan applications also asked for demographic information, such as race and ethnicity and gender. While companies were asked how many employees the loan would help, approximately 1,377 Colorado companies did not list an employee number - and that includes seven companies that took loans between $5 million to $10 million, including Mortgage Solutions of Colorado in Colorado Springs and civil contractors Fiore & Sons in Denver. The data appears to have some inaccuracies. Loans on the list included dollar amounts as low as $1.87% of Colorado businesses that got money from the program, or about 91,000, received loans of less than $150,000.3,970 businesses received $350,000 to $1 million.483 businesses received $2 million to $5 million.989 businesses received $1 million to $2 million.95 businesses received between $5 million and $10 million.Here’s a list of every Colorado business that received a Paycheck Protection Program loan - The Colorado Sun Close
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