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Small Business Administration Releases Data On Paycheck Protection Program Loans

Barringer's Tavern

Barringer's Tavern, on the near southside of Indianapolis, remained open during the "Stay-At-Home" order. (Lauren Chapman/IPB News)

The Small Business Administration released data Monday on companies and other groups that received a loan through the Paycheck Protection Program (PPP).

In Indiana, almost 12,000 PPP loans for more than $150,000 were given out to companies including candy producer Albanese Confectionery and auto racing company Andretti Autosport.

Most PPP loans handed out to Hoosier businesses were for less than $150,000. The smallest loan was for $52.

While demographic information, including race and gender, was available for some of the loans, most applicants didn’t provide those details.

READ MORE: Senator Young Wants Next Federal Relief Package To Be 'Targeted'

The program has drawn criticism for not helping small businesses enough during the first round of funding. Some advocates also say shops owned by people of color were not helped as much as they could have been.

Public media organizations, including some Indiana Public Broadcasting stations, also received loans through the Paycheck Protection Program.

Contact reporter Samantha at shorton@wfyi.org or follow her on Twitter at @SamHorton5.

For the latest news and resources about COVID-19, bookmark our Coronavirus In Indiana page here

 

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

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