As the coronavirus delivered a shock to the local economy, 9,442 Prince George’s County businesses and nonprofits received emergency loans from the Paycheck Protection Program, including 1,447 loans valued between $150,000 to $10 million, according to data released by the Small Business Administration last week. Below this article, Route 1 Reporter presents a database that allows you to search for any Prince George’s County entity that received loans greater than $150,000 under the program.
The official dataset has been criticized for not providing enough information about the loans. For example: information on loans greater than $150,000 identifies the recipients by name, but only provides a broad range for the loan each received, in buckets ranging from between $150,000 to $350,000 to the top-tier, which received loans of between $5 million and $10 million. Meanwhile, exact dollar amounts for loans less than $150,000 were noted for every recipient, but their names were kept under wraps.
Additionally, transparency advocates – as well as many loan recipients – have complained the data released by the SBA contains inaccuracies. In particular, SBA officials said inconsistent data-collection practices show many loan recipients to reporting zero jobs were retained with the funds.