Data details Idaho companies that have obtained SBA PPP loans
The Small Business Administration released data on Paycheck Protection Program loans it distributed so far early Monday. The PPP was an important part of the CARES Act legislation signed this spring, intended to support the economy as the COVID-19 pandemic began to impact the United States.
The agency released the data in two parts – one includes loans under $ 150,000. This data does not include the names or other identifying details of the companies that have accepted the loans.
Support for stories like this comes from the members of BoiseDev FIRST. You help power BoiseDev and get our popular daily ad-free newsletter filled with exclusives. register today.
Who got the money
For all loans over $ 150,000, the SBA has released full details, including who got the loans.
In total, the SBA has granted 7,562 loans to Idaho businesses – the majority of these falling below the $ 150,000 threshold.
The SBA has granted at least $ 1.152 billion in loans to Idaho businesses. The number is likely much higher, as the agency only reported dollar ranges for the largest loan amounts. We calculated the total based on the smallest possible loan each company could have obtained (for example, Alliance Medical Group obtained a loan between $ 5 million and $ 10 million, which we calculated at the smallest amount – $ 5 million. of dollars).
Data shows that the loans have helped businesses retain a total of 305,422 jobs.
Although the government distributed the money in the form of loans guaranteed by the SBA, howeverr all or part of the money can be forgiven if certain conditions are met – essentially converting loans into grants.
Main beneficiaries of the Idaho PPP
Fifteen Idaho companies received between $ 5 million and $ 10 million:
|PPP beneficiary||City||Jobs retained|
|Alliance Medical Group (dba Primary Health)||Garden city||500|
|Bonner General Hospital||Sand point||461|
|Dennis Dillon Parking and Trucking Center||Wooded||452|
|Engineering Structures, Inc.||Meridian||490|
|Teancum, LLC (dba Peterson Auto)||Wooded||405|
|Agronomy of the Valley||Nampa||443|
Another 107 companies received loans between $ 2 million and $ 5 million, while 221 companies obtained between $ 1 million and $ 2 million. See a fully searchable database below.
Of the 30,000+ loans made in Idaho:
- 5,156 loans were granted to businesses that declared themselves to be male-owned, i.e. 68%
- 1,326 loans were made to businesses that reported being owned by women, or 18%.
- The remainder of the loans, 14%, did not include the sex of the owners.
The majority of loan recipients did not indicate their race or country of origin – over 59% of all loans did not include this information.
- 2,885 loans were made to businesses that claimed to be white-owned, or 38%.
- 118 loans were made to businesses that reported being Hispanic-owned, or 1.56%.
- 79 loans were made to companies that claimed to be Asian owned, or 1.04%.
- 20 loans were made to companies that declared themselves to be American Indian or Alaska Native, or 0.26%.
- 7 loans were made to companies that reported being black or African-American, or 0.09%. No loan over $ 150,000 has been made to a black-owned business.
A total of 212 banks have made loans to lenders in Idaho, led by DL Evans Bank, Zions Bank and Glacier Bank (dba Mountain West Bank), according to data released by the SBA.
|Bank||Loans taken out (100+)|
|DL Evans Bank||797|
|Bank of Sions||686|
|Washington Trust Bank||561|
|Idaho Central CU||478|
|Idaho’s First Bank||294|
|The Bank of Commerce||284|
|Bank of Idaho||253|
|Twin Falls First Federal Economies||250|
|Bank of Ireland||148|
Use the widget below to find all loans made over $ 150,000. This may not be viewable on a mobile device due to screen size limitations. You can see the data here.