Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Searchable PPP Loan Data

pppreport.org

Post reply on HN
Print view View original

81–90 of 354 posts

Re: Searchable PPP Loan Data

#81

Post by JackFr »

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…

> so they don't have to sacrifice their Bentleys to pay staffers.

You get that they'll keep the Bentley's and they just won't pay staffers? This program was the easiest way to keep people getting paid.

> LLCs and franchisees that probably have millions of dollars in holdings and cash,

Your "probably" is doing a lot of work there. You don't really have any idea. But the issue is you wan't "wealthy" corporations to bear the brunt of the economic shutdown. But why single them out? The PPP is an imperfect and blunt way to socialize the costs of the shutdown.

Re: Searchable PPP Loan Data

#82

Post by fullshark »

antisthenes wrote: post #67
greatwave1 wrote: post #8

I'm working on a dashboard to map each of these loans geographically: https://www.quiverquant.com/sources/sbaloans It's a slow process (as I've been respectful of the rate-limit on the reverse geocoding API I'm using), but I finished mapping four states and hope to complete the other 46 by the end of this week.

Wouldn't you just end up with a population density map? Cool project though.

Yeah i'd try to normalize somehow to get a sense if a geographic area over or underutilized the program compared to expectation.

Re: Searchable PPP Loan Data

#83

Post by ta17711771 »

eric_b wrote: post #77

So many complaints here. Based on the comments I think there is some misunderstanding about the nuts and bolts of this program. These are loans. They are two year low interest loans. They have to be paid back unless some or all is forgiven. Forgiveness requires documentation on employees retained, wage history, and is capped at $20k/employee maximum. And of course a piece of that comes back to the government in terms…

> unless some or all is forgiven.

RIPE for favoritism, aka, corruption.

Re: Searchable PPP Loan Data

#84

Post by greatwave1 »

c0nsumer wrote: post #48
greatwave1 wrote: post #8

I'm working on a dashboard to map each of these loans geographically: https://www.quiverquant.com/sources/sbaloans It's a slow process (as I've been respectful of the rate-limit on the reverse geocoding API I'm using), but I finished mapping four states and hope to complete the other 46 by the end of this week.

How about adding something to the page itself about completion status? I went and looked, before reading your second paragraph, and the clusters immediately jumped out, and it either seemed suspect or wrong. Then I had to come back here to see why it was wrong.

Good idea, just added!

Re: Searchable PPP Loan Data

#85

Post by cosmie »

spocklivelong wrote: post #73
koolba wrote: post #63

Per https://pppreport.org/company/y+combinator+research+inc > We found 1 loan(s) for Y Combinator Research Inc meeting or exceeding the public reporting minimum of $150k. > Loan Amount Range $150,000-350,000 > Business Name as Filed Y COMBINATOR RESEARCH, INC. Is YC Research an entirely separate entity from YC core?

Why is it listed as a Non-profit?

Because Y Combinator Research is a non-profit[1].

That said, it's apparently no longer associated with Y Combinator, and goes by OpenResearch now[2].

[1] https://www.guidestar.org/profile/81-0861414

[2] https://ycr.org/

Re: Searchable PPP Loan Data

#86

Post by hardtke »

My kids' private school recently sent out a $500 per student tuition credit (about $650K for the entire school). I see now that they got a multi million dollar PPP loan (which will be forgiven). Their revenues were unaffected by the epidemic (full enrollment for next year and no plans to rollback the tuition increase).

Re: Searchable PPP Loan Data

#87

Post by eric_b »

ta17711771 wrote: post #83
eric_b wrote: post #77

So many complaints here. Based on the comments I think there is some misunderstanding about the nuts and bolts of this program. These are loans. They are two year low interest loans. They have to be paid back unless some or all is forgiven. Forgiveness requires documentation on employees retained, wage history, and is capped at $20k/employee maximum. And of course a piece of that comes back to the government in terms…

> unless some or all is forgiven. RIPE for favoritism, aka, corruption.

I don't think favoritism is a concern. The forgiveness guidance is not, to my knowledge, finalized. But what we've seen so far is pretty cut and dried. It's possible some people could convince their lender to forgive more than they should - but certainly those meeting the forgiveness criteria will get it.

Corruption and fraud are certainly possible - though the lenders got paid from the government just for originating the loans. That is, they already made their money. There's no extra money in them over-forgiving a loan.

Re: Searchable PPP Loan Data

#88

Post by twblalock »

schoolornot wrote: post #47

Of all types of institutions, why should we be giving the banks the right to decide which businesses should be recession proof or not? Personal opinion but I would have required the applicants of these quasi-forgiveness loans to give up 35% of their businesses to the state/county/federal inclusive of all assets and investments non-dischargeable by bankruptcy. We have 100,000 people dead in this country, million dolla…

> yet the stream of cash continues to flow to those too stupid to save a few months of operating expenses/payroll

If I was running a business and the government told me it was illegal for me to make money for the forseeable future, I would damn well want them to compensate me for that.

Re: Searchable PPP Loan Data

#89

Post by greatwave1 »

antisthenes wrote: post #67
greatwave1 wrote: post #8

I'm working on a dashboard to map each of these loans geographically: https://www.quiverquant.com/sources/sbaloans It's a slow process (as I've been respectful of the rate-limit on the reverse geocoding API I'm using), but I finished mapping four states and hope to complete the other 46 by the end of this week.

Wouldn't you just end up with a population density map? Cool project though.

My goal for this map was a tool to search for PPP recipients within your own neighborhood.

You're right that it would be interesting to do analysis on population-adjusted loan amounts for different regions... maybe something like a loan $ per capita map?

Post reply on HN