The Small Business Administration typically discloses names of borrowers from the loan program on which the Paycheck Protection Program (PPP) is based. “We believe that that’s proprietary information, and in many cases for sole proprietors and small businesses, it is confidential information,” Mnuchin testified before the Senate Committee on Small Business and Entrepreneurship. ADADSenators of both parties credited the nearly $700 billion program, which was created in March, with driving down unemployment. “We would have faced the extinction of small business as we know it," said Rubio, the committee chair. The Washington Post is among five news organizations that have sued the Small Business Administration for access to loan data.

Source: Washington Post June 10, 2020 17:26 UTC