SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, recently announced it was releasing loan-level data regarding the loans made under the Paycheck Protection Program (PPP). The decision to publish PPP borrower and loan information is being administered by the SBA and U.S. Department of the Treasury.
- For loans $150,000 and above, the agencies released business names, addresses, loan amount (ranges), and other borrower information
- For loans below $150,000, the agencies did not release business names but have reported loan totals, aggregated by ZIP code, industry, business type, and various demographic categories
- The official press release from the Treasury can be viewed here: https://home.treasury.gov/news/press-releases/sm1052
At First Seacoast Bank we are committed to maintaining our customers’ privacy and confidentiality. Please know that First Seacoast Bank will not (ever) release customer information and we do not support the decision of the SBA and Treasury agencies to publish this information.
Since 1890, First Seacoast Bank has worked hard to earn the trust of our communities and we are incredibly proud to help provide relief for our customers adversely impacted by COVID-19. Our lending team has worked tirelessly to ensure that the PPP loan program was readily available for our customers and now more than ever, we remain fully committed to putting you first.
We thank you for your loyalty to First Seacoast Bank and are here should you have any questions.