Yesterday the SBA released details of the companies that received loans in the Paycheck Protection Programs; the company names of every loan recipient that received more than $150k were included and only summary data on the smaller loans; this is a treasure trove of data that will be analyzed in detail over the coming days; in the initial take from the Wall Street Journal they broke down the industry sectors that received the most assistance with health care leading the way; they also pointed out that many large companies, often backed by wealthy people, also received PPP funds; the specific loan amounts were not disclosed only loan amount range for every company. The Wall Street Journal.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.