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The Treasury Department and Small Business Administration disclosed Monday the names of over 600,000 small businesses that received Public Paycheck Protection loans, as part of the pandemic stimulus program.

Why it matters: This data should help Congress and others analyze the effectiveness of PPP, which so far has disbursed over $500 billion, as debate begins on a new federal stimulus package.

What's included: Any company that received a PPP loan of at least $150,000. This accounts for only around 14% of PPP recipients, but 75% of money lent.

Treasury releases names of some PPP loan recipients

Information coming on hundreds of thousands of small businesses that received stimulus loans.

Illustration of a pair of cupped hands holding a pile of money, with some falling through

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Economic stimulus

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The Treasury Department and Small Business Administration <a class="gtmContentClick" data-vars-link-text="disclosed" data-vars-click-url="https://home.treasury.gov/policy-issues/cares-act/assistance-for-small-businesses/sba-paycheck-protection-program-loan-level-data" data-vars-content-id="73b0a743-fc62-4f92-aef2-f17ea8ff409d" data-vars-headline="Treasury releases names of some PPP loan recipients" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://home.treasury.gov/policy-issues/cares-act/assistance-for-small-businesses/sba-paycheck-protection-program-loan-level-data" target="_blank">disclosed</a> Monday the names of over 600,000 small businesses that received Public Paycheck Protection loans, as part of the pandemic stimulus program.Why it matters: This data should help Congress and others analyze the effectiveness of PPP, which so far has disbursed over $500 billion, as debate begins on a new federal stimulus package.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

President Biden has made the COVID-19 crisis and a post-Trump return to national unity and traditional democratic ideals his top priorities. From vaccinations to stimulus to schools, Biden is seeking bipartisan compromise while showing a willingness to use executive authority and bare Democratic majorities in the U.S. House and Senate to implement his policies. Republican leaders are navigating deep party divisions over if and how to move beyond former President Trump.

Treasury releases names of some PPP loan recipients

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