Paycheck Protection Program Loan Recipients to be Disclosed

Today, December 1, the Small Business Administration (SBA) will reveal the identities of business owners who took coronavirus relief loans through the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The SBA opposed this disclosure, which will be made in response to an order issued by U.S. District Judge James Boasberg in response to a lawsuit filed by media organizations. Judge Boasberg ordered the SBA to reveal the identities of these loan recipients by December 1.

The disclosure will affect recipients of loans of $150,000 or less. The SBA already revealed the identities of borrowers whose loans exceeded $150,000 over the summer, but almost 90 percent of PPP loan recipients borrowed under $150,000.

The information, which will cover loans issued through November 24, is expected to be released on December 1 on the SBA website.