Business & Tech
These Brooklyn Businesses Scored Coronavirus PPP Loans: MAP
Thousands of Manhattan businesses received more than $150k from the federal government to keep workers on payroll during the pandemic.
![These Brooklyn businesses received more than $150,000 in PPP funds from the federal government.](https://patch.com/img/cdn20/shutterstock/22866740/20200708/032015/styles/patch_image/public/shutterstock-454230067___08151359993.jpg)
BROOKLYN, NY — More than 4,000 Brooklyn-based businesses secured loans of more than $150,000 from the federal government through the Paycheck Protection Program, created to help companies continue paying workers amid the pandemic, data released this week showed.
The U.S. Small Business Administration released details on individual loans doled out under the program, commonly known as PPP. The data looked at loans taken out that amounted to more than $150,000, as well as those that took out loans of less than $150,000.
Overall, loans of over $150,000 accounted for nearly 75 percent of the money approved, officials said. That data includes business names, addresses, industry and ZIP codes, business type, demographic data, nonprofit information, lender name, jobs supported and loan amount ranges. For all loans below $150,000, the federal government did not disclose individual business names or addresses.
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Despite the thousands of businesses that were helped by the program, the coronavirus pandemic threatened to put one out of every five New Yorkers out of a job at its height.
Nearly 60 Brooklyn companies took out loans between $5 million and $10 million, records showed.
Find out what's happening in Brooklynwith free, real-time updates from Patch.
Recipients in this largest category of loans includes: Greenpoint's Acme Smoked Fish Corporation, ASA College, the Cobble Hill Health Center, Georgica Pine Clothiers, school bus company Jofaz Transportation, the nonprofit Vera Institute of Justice and high-price private schools such as Poly Prep Country Day School, Packer Collegiate Institute, St. Ann's School and the Berkeley Carroll School.
Additionally, 168 Brooklyn businesses took out loans between $2 million and $5 million and 314 took out loans of between $1 million and $2 million.
Curious about businesses in your neighborhood? Patch created an interactive map that plots each business that received more than $150,000 in PPP funds from the federal government. Information about the size of a business' loan, the number of jobs retained by the business during the pandemic and the loan lender are listed for each organization plotted on the map.
Check the map out below:
Below is a data visualization and searchable database of the PPP loans in New York for amounts of at least $150,000. You must log in to your Patch account for it to be viewable. You can also see the visualization and searchable database here.
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