SBA Ordered to Release Names, Loan Amounts of All Paycheck Protection Program and Economic Injury Disaster Loan Borrowers by November 19 After Big Media SuesNovember 10th, 2020 | by NEWCA
On Thursday, Nov. 5 a federal judge ordered the Small Business Administration (SBA) to release the names of all Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) borrowers and precise loan amounts.
The order comes as a result to a lawsuit filed by five media organizations this past May. The Washington Post, The New York Times, Bloomberg, Down Jones and ProPublica claimed a lack of transparency in the process and were angered that the SBA refused to share date they requested via a Freedom of Information Act (FOIA).
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