The U.S. Department of the Treasury has released a raft of information about businesses that received loans through the Paycheck Protection Program, the Small Business Administration’s lending program designed to help employers preserve jobs during the coronavirus pandemic.
The loan data were divided into two sets: amounts up to $150,000, and totals more than $150,000. The latter list included names and addresses of the businesses receiving the loans.
More than 90,000 Missouri businesses received federal loans of any size, and around 11,000 of them received more than $150,000. Overall, companies in the state planned to retain about 900,000 jobs with the help of these loans, according to their loan applications.
About 100 Missouri companies received loans between $5 million and $10 million, the highest range in the loan amount. Most of these companies are from St. Louis and Kansas City. Some of these big recipients include 4M Building Solutions, Accent Controls and Barkley.
The highest number of jobs retained by a borrower, according to the PPP applications, was 500. The companies whose applications indicated they would save that many jobs include Accent Controls, Chicago Bread, Duke Manufacturing and Fairbank Scales.
The majority of borrowers did not answer race and gender questions on the loan applications. However, of those businesses that did supply race and gender information, the majority were white-owned, and most were male-owned.
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