MEMBER ALERT:
SBA and Treasury Announce New PPP Public Disclosure Policy
The Small Business Administration (SBA) and Treasury Department announced that they will make public additional data regarding the Paycheck Protection Program (PPP).  Specifically, the SBA will be publicly releasing the names of businesses that received $150,000 or more in PPP loans.  Additionally, they will be releasing addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, jobs supported, and loan amount ranges as follows:

  • $150,000-350,000
  • $350,000-1 million
  • $1-2 million
  • $2-5 million
  • $5-10 million

NLBMDA is disappointed with this decision and is already working to reverse these new rules to protect the privacy of our lumber and building material dealer members.

For any questions, please contact Director of Government Affairs Kevin McKenney at kevin@dealer.org .