ARTICLE
12 November 2020

SBA Ordered To Release Information On All PPP Borrowers

BF
Burr & Forman LLP

Contributor

Burr & Forman LLP
A United States District Judge in Washington has ordered the SBA to now release the names and other information of all Paycheck Protection Loan borrowers.
United States Finance and Banking
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A United States District Judge in Washington has ordered the SBA to now release the names and other information of all Paycheck Protection Loan borrowers.  In WP Company LLC d/b/a The Washington Post, et al., v. U.S. Small Business Administration, Civil Action No. 20-1240 (JEB) and a related case, Center for Public Integrity v. U.S. Small Business Administration, Civil Action No. 20-1614 (JEB), United States District Judge James E. Boesberg issued a November 5, 2020 order requiring the SBA to release the names and other information for all PPP loan borrowers.  Under the order, the SBA has until November 19, 2020, to release the names, addresses, and precise loan amounts of all individuals and entities that obtained PPP and also EIDL loans.

The SBA had previously released information for borrowers that received PPP loans of $150,000 or more but did not release information about other PPP borrowers.  The majority of PPP borrowers received loans of less than $150,000, and the SBA had objected to the release of information for these borrowers.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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