After Court-Ordered Release of Previously Undisclosed Data on PPP Loans Below $150,000, Accountable.US Continues Campaign Targeting Waste, Fraud, And Abuse in Program
WASHINGTON, D.C. – After months of dodging and delaying, the Small Business Administration (SBA) was forced today to release its remaining data on businesses and individuals that received loans through the Paycheck Protection Program (PPP). The new data follows July’s disclosure by the SBA, which revealed the businesses that received $150,000 or more in PPP loans — data that only came to light after intense public pressure from government watchdog Accountable.US and other groups.
In an effort to provide greater transparency into this latest tranche of data, Accountable.US compiled the information into a searchable database at searchPPP.com. This temporary database follows the group’s previous searchable database of previous PPP, Economic Injury Disaster Loan (EIDL), and Payroll Support Program (PSP) loans available in the group’s COVID Bailout Tracker. In coming days, all data will be available for searching at the COVID Bailout Tracker.
Many months and broken promises later, the court-ordered release of this crucial data while the Trump administration is one foot out the door is a shameful dereliction of duty and flagrant mismanagement of a program that millions of workers and small businesses needed to get through this pandemic. Only now — after its hand has been forced, hundreds of thousands of small businesses have gone under, and millions of taxpayer dollars were wasted — has this administration pulled back the curtains to reveal the malpractice going on behind the scenes. Americans deserved an open, transparent small business aid program when this pandemic started, and any new small business relief program must take a lesson from the abject failures of this one.”
Kyle Herrig, president of Accountable.US
After a wave of fraud and abuse findings in the previously reported PPP data, Accountable.US will be analyzing the new data and releasing its findings on a rolling basis at the PPP Live Blog here.