Senators won’t specify who received PPP funds

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Official portrait of President Donald J. Trump, Friday, October 6, 2017. (Official White House photo by Shealah Craighead)

President Donald Trump is reportedly signing a second bill aimed at providing funds to businesses affected by COVID-19, worth around $484 billion, today. As for who received funds from the initial Paycheck Protection Program bill, the information is not being shared.

“While we can’t share the list of recipients, we’re happy to pass along the aggregate data. Currently, 95 small businesses in Iowa have received economic injury disaster loans totaling $15,896,600. The Small Business Administration has also processed 3,668 economic injury disaster loan advances in Iowa totaling $17,531,000,” Katelyn Schultz, Assistant Press Secretary for Sen. Chuck Grassley, told the Tribune.

“While I don’t have a specific list of businesses in the state, I can tell you that, as of this week, nearly 30,000 small businesses in Iowa have been approved for loans, and $4.3 billion in funds have been approved,” Brendan Conley, Iowa Communications Director for Sen. Joni Ernst, said.

Through April 16, the Small Business Administration reportedly issued 1,661,367 loans worth $342,277,999,103. Of that, Iowa has received 29,424 loans worth $4,315,688,444.