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Thousands of Philadelphia companies and small businesses were awarded Paycheck Protection Program loans to stave off the financial freefall of the coronavirus pandemic.
Courtesy of the federal government, nearly 2,500 Philly companies got more than $150k in aid — and about 14,000 spots received loans under the $150k threshold.
Wondering which businesses benefited, and how much they got? Data editor Julie Christie of Resolve Philly, the local solutions journalism collaborative, mapped all the recipients across the city.
At its inception, the PPP was been fraught with frustrating issues and glitches, but eventually funds were distributed in varying amounts. Organizations that received more than $2 million to keep their employees on the payroll are slated for a full audit to make sure the money is properly used. (Disclosure: WHYY, Billy Penn’s parent company, received a PPP loan.)
In Philadelphia, most of the loans greater than $150k were concentrated in Center City’s 19103 ZIP code. Check out the map below.
There’s also a searchable database where you can get some more specifics.
Note that the data available is different depending on the amount of the loan. The Department of Treasury split the info, released on Monday after national news orgs sued to obtain a portion of it, into two groups: loans more than $150k, and loans less than $150k.
Among the companies awarded above $150k, we know the name and address of the business that received the loan — but not the exact amount. For places that got loans less than that, we know the exact amount — but not the name or address.
Find all the info in the tables below.