BROOKLYN, NY – More than 4,000 Brooklyn-based businesses have secured loans of more than $ 150,000 from the federal government through the Paycheck Protection Program, created to help businesses continue paying workers amid the crisis. pandemic, according to data released this week.
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The US Small Business Administration has released details of individual loans granted under the program, commonly known as PPP. The data included loans taken out over $ 150,000, as well as those taking out loans under $ 150,000.
Overall, loans over $ 150,000 accounted for nearly 75% of the money approved, officials said. This data includes business names, addresses, industry and zip codes, type of business, demographics, information about nonprofits, name of lender, jobs supported. and ranges of loan amounts. For all loans under $ 150,000, the federal government did not disclose the names or addresses of individual businesses.
Despite the thousands of businesses helped by the program, the coronavirus pandemic threatened to put one in five New Yorkers out of work at its height.
Nearly 60 Brooklyn companies have taken out loans between $ 5 million and $ 10 million, according to records.
Recipients of this larger category of loans include: Acme Smoked Fish Corporation of Greenpoint, ASA College, Cobble Hill Health Center, Georgica Pine Clothiers, school bus company Jofaz Transportation, non-profit Vera Institute of Justice and high-priced private schools such as Poly Prep Country Day School, Packer Collegiate Institute, St. Ann’s School, and Berkeley Carroll School.
Additionally, 168 Brooklyn businesses took out loans between $ 2 million and $ 5 million, and 314 took out loans between $ 1 million and $ 2 million.
Curious about the businesses in your neighborhood? Patch has created an interactive map that tracks every company that has received more than $ 150,000 in P3s from the federal government. Information about the size of a business loan, the number of jobs retained by the business during the pandemic, and the loan lender is listed for each organization shown on the map.
Check out the map below:
Below is a data visualization and searchable database of PPP loans in New York for amounts of at least $ 150,000. You must log into your Patch account for it to be visible. You can also see visualization and searchable database here.
