After taking criticism for telling a Senate committee that the Treasury Department and Small Business Administration (SBA) would not be releasing details on the names and loan amounts for participants in the Paycheck Protection Program (PPP), Treasury Secretary Steven Mnuchin announced a change in course.
The change will provide detailed information on companies who took out loans of more than $150,000, which account for 15 percent of the PPP loans issued.
Read on for more details, along with details of SBA’s new tool to match borrowers with small community lenders.