READ LISTS: Emergency PPP Loans Reach Many Small Local Businesses | New
Newly released federal data shows hundreds of emergency paycheck protection program loans went to help Johnstown’s smallest of businesses as they battled during the economic shutdown from COVID-19.
The US Small Business Association had previously only released information on large companies that received loans over $ 150,000.
Under a court order, the SBA this week released details showing the many small businesses that have received loans nationwide.
Data shows forgivable loans of less than $ 150,000 were given to 840 businesses with Johnstown zip codes to pay people in a total of 5,000 jobs that were on hold during the shutdown earlier this year.
As part of the emergency program, authorized by Congress in March and closed in August, the SBA allocated forgivable loans based on a company’s payroll.
There were 96 small businesses that received loans of this size in zip code 15901 encompassing the towns of Johnstown, Cambria City, Prospect, Woodvale, Conemaugh and Kernville.
Businesses in virtually every industry have received loans, the data shows. Law firms, finance companies, wholesale trade, retail trade, food and hospitality, manufacturing and construction are just a few categories.
In the 15902 postcode area including Moxham and Hornerstown, 88 small businesses received loans.
In Richland, Geistown and other parts of the area from 15904, loans were made to 311 small businesses.
And loans have been made to 240 businesses in the Westmont, Southmont, Ferndale and more neighborhoods in zip code 15905.
In Brownstown, the West End and the entire zip code 15906, 62 businesses received loans.
Vinco, Mundys Corner, East Conemaugh, Nanty Glo, and the rest of Postal Zone 15909 had 38 small businesses that received PPP loans.
Russ O’Reilly is a reporter for The Tribune-Democrat. Follow him on Twitter @RussellOReilly.