U.S. Treasury, SBA to disclose names of the majority of companies taking PPP loans

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The U.S. Treasury Department and Small Business Administration said on Friday they’d disclose names and other particulars about companies which take Paycheck Protection Program loans of $150,000 or even more.

“SBA will disclose the company names, addresses, NAICS codes, zip codes, company type, demographic information, non-profit info, jobs encouraged, and loan number ranges” in five distinct mounts beginning from $150,000, SBA and the Treasury said in a statement.

Those classes account for 75percent of the loan bucks accepted, it stated. “For loans under $150,000, totals will be published, aggregated by zip code, by business, by company type, and from different demographic groups,” it added.

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