Texas has a total of 939,068 businesses that received loans from the Small Business Administration's Paycheck Protection Program (PPP). The federal government revealed the names of 52,150 Texas companies and nonprofits that received the loans. This table shows the top 5 industries in Texas by number of loans granted, with average loan amounts and number of jobs reported. It was the program's most revealing disclosure since July, when the Trump administration released the names of 51,250 Texas companies that received loans.
The Small Business Administration (SBA) has released paycheck protection loan data for all private companies that received a PPP loan. Monday's post is the most comprehensive list yet of businesses and nonprofits that received money from the Paycheck Protection Program. But the spectrum of companies receiving loans crossed virtually every segment of the Texas economy. This directory is comprised of all companies that have received loans under the Paycheck Protection Program in accordance with data provided by the U.
S. The Code of Federal Regulations explicitly states that non-profit entities are not eligible for loans from the Administration of Small Business (SBA), however, the “CARES Act” explicitly makes nonprofits eligible for the PPP program and does so regardless of whether nonprofits provide secular social services, according to the SBA. For the loan to be fully forgiven, the PPP loan must be used for payroll costs, mortgage interest, rent, and utilities. In early spring, many publicly traded companies submitted their PPP loan information to the Securities and Exchange Commission.
The federal program, known as PPP, was designed as an incentive for small businesses to keep workers on the payroll after the economic consequences of the coronavirus pandemic that closed doors to businesses around the world. Planned Parenthood has financially supported The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. El Paso County is one of many counties in Texas that have benefited from PPP loans. Pizza Properties Inc., and Diversified Interiors of El Paso Inc., are two of the top borrowers in El Paso County. Across Texas, there are a total of 939,068 businesses that have received PPP loans. The Small Business Administration has released a list of businesses that have received emergency pandemic loans.
Use our searchable database to see who received funding in Texas. With this data, you can get an idea of which Texas companies have been able to stay afloat during this difficult time.