Searchable PPP Loan Data • Hacker News Board

Re: Searchable PPP Loan Data

#11

Post by pkulak » Tue, Jul 07, 2020, 5:19 PM UTC

unethical_ban wrote: post #7

There are several scenarios that frustrate me. Examples like law firms or physicians' offices. These are relatively small firms with very wealthy principals. They are asking for taxpayer money to maintain their wealthy lifestyles, so they don't have to sacrifice their Bentleys to pay staffers. Examples: Thomas J Henry in San Antonio. LLCs and franchisees that probably have millions of dollars in holdings and cash, bu…

Those things only frustrate me if they aren't loans, which they would be, right?

Re: Searchable PPP Loan Data

#12

Post by kumarm » Tue, Jul 07, 2020, 5:21 PM UTC

This great. This is going to really bring out some interesting facts.

Looks like even Adult Entertainment businesses got money through Paycheck Protection Program. Example: https://pppreport.org/company/11000+reeder+l+l+c

Re: Searchable PPP Loan Data

#13

Post by ethagknight » Tue, Jul 07, 2020, 5:21 PM UTC

What do the letters next to the loan amount mean?

Re: Searchable PPP Loan Data

#14

Post by dave5104 » Tue, Jul 07, 2020, 5:21 PM UTC

pkulak wrote: post #11

unethical_ban wrote: post #7

There are several scenarios that frustrate me. Examples like law firms or physicians' offices. These are relatively small firms with very wealthy principals. They are asking for taxpayer money to maintain their wealthy lifestyles, so they don't have to sacrifice their Bentleys to pay staffers. Examples: Thomas J Henry in San Antonio. LLCs and franchisees that probably have millions of dollars in holdings and cash, bu…

Those things only frustrate me if they aren't loans, which they would be, right?

Kinda sorta loans. They're made to be forgiven if:

> The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

https://www.sba.gov/funding-programs/loans/coronavirus-relie...

Re: Searchable PPP Loan Data

#15

Post by graton » Tue, Jul 07, 2020, 5:21 PM UTC

I was surprised that O'Reilly had a loan for $5-$10 million.

https://pppreport.org/company/o+reilly+media+inc

They seem like a company where most people can work from home.

EDIT: I totally forgot about their conference business. That makes more sense.

Re: Searchable PPP Loan Data

#16

Post by stefan_ » Tue, Jul 07, 2020, 5:22 PM UTC

pkulak wrote: post #11

unethical_ban wrote: post #7

There are several scenarios that frustrate me. Examples like law firms or physicians' offices. These are relatively small firms with very wealthy principals. They are asking for taxpayer money to maintain their wealthy lifestyles, so they don't have to sacrifice their Bentleys to pay staffers. Examples: Thomas J Henry in San Antonio. LLCs and franchisees that probably have millions of dollars in holdings and cash, bu…

Those things only frustrate me if they aren't loans, which they would be, right?

They are forgiven if you use them to fund payroll, rent, mortgage interest, or utilities.

Re: Searchable PPP Loan Data

#17

Post by mattbeckman » Tue, Jul 07, 2020, 5:22 PM UTC

You can get a $5-10 Million loan for 14 employees at a nail salon?

https://pppreport.org/company/snappy+nails+s+p+a+9+inc

Damn.

Re: Searchable PPP Loan Data

#18

Post by verall » Tue, Jul 07, 2020, 5:22 PM UTC

pkulak wrote: post #11

unethical_ban wrote: post #7

There are several scenarios that frustrate me. Examples like law firms or physicians' offices. These are relatively small firms with very wealthy principals. They are asking for taxpayer money to maintain their wealthy lifestyles, so they don't have to sacrifice their Bentleys to pay staffers. Examples: Thomas J Henry in San Antonio. LLCs and franchisees that probably have millions of dollars in holdings and cash, bu…

Those things only frustrate me if they aren't loans, which they would be, right?

But there's still not enough of those loans to go round, so it is still very meaningful who gets them.

Re: Searchable PPP Loan Data

#19

Post by graton » Tue, Jul 07, 2020, 5:23 PM UTC

bengotow wrote: post #10

This is great! I wish it was searchable by bank though. I heard that a local bank was making some interesting choices about who they helped through the PPP program and I'd love to pull up all the results by Lender.

You can download the CSV and search it yourself: https://sba.app.box.com/s/wz72fqag1nd99kj3t9xlq49deoop6gzf

Linked from this page: https://home.treasury.gov/policy-issues/cares-act/assistance...

Re: Searchable PPP Loan Data

#20

Post by bananabreakfast » Tue, Jul 07, 2020, 5:23 PM UTC

pkulak wrote: post #11

unethical_ban wrote: post #7

There are several scenarios that frustrate me. Examples like law firms or physicians' offices. These are relatively small firms with very wealthy principals. They are asking for taxpayer money to maintain their wealthy lifestyles, so they don't have to sacrifice their Bentleys to pay staffers. Examples: Thomas J Henry in San Antonio. LLCs and franchisees that probably have millions of dollars in holdings and cash, bu…

Those things only frustrate me if they aren't loans, which they would be, right?

No, they're not really loans, they are basically free money.

They only have to be paid back if you end up firing the workers you were supposed to keep employed with the loan. If they stay employed then your "loan" is fully forgiven.