Who’s Going to Pay For This?

Probably you…

7/19/20 UPDATE

A new spreadsheet is available containing additional information on 499 PPP loans. The NAICS industry classification descriptions have been added and the spreadsheet contains loans for Butte, Glenn and Tehama counties. The SBA did not provide the exact amount of each loan but instead provided a range. The spreadsheet contains county totals for the range amounts. (The SBA file did not provide the county code or county name for loan recipients, nor the NAICS industry classification descriptions, so the SBA file was imported into a database containing appropriate tables so this information could be provided.)

The loan range total for Butte County is $125,800,000 to $303,700,000; for Glenn County $22,500,000 to $53,100,000 and for Tehama County $23,750,000 to $58,200,000.

As mentioned below, most of these loans will probably not be repaid, and the program is still handing out money. Also, the spreadsheet only contains loans for $150,000 or more. There are far more loans under $150,000.

7/8/20

Here is a spreadsheet of hundreds of local businesses that have taken $150,000 or more of taxpayer money through the SBA Paycheck Protection Program. The numbers may shock you, but when the government is handing out what could amount to free money what can you expect?

And the numbers will grow as the program is still handing out money.

It will be interesting to see how many of these businesses pay back the money. Probably not many because if the loans are put towards payroll costs or other eligible expenses they are forgiven.

When the government is handing out free money like this I guarantee you the taxpayers will take it in the shorts.

2 thoughts on “Who’s Going to Pay For This?

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