Nearly 550 Tallahassee businesses have received millions in federal Paycheck Protection Program (PPP) loans since the federal government began handing out the money in April to help businesses stay afloat during the financial crisis. coronavirus.
The data was released by the U.S. Treasury and Small Business Administration on Monday following a request for public information from the Washington Post and other news outlets, despite objections from many professional organizations, including the National Federation of independent companies (NFIB).
Local recipients of the money include well-known car dealerships, leading law firms, gourmet restaurants, and large construction companies, as well as non-profit social service agencies, churches and schools. private, and even Seminole Boosters.
Among them are auto dealers Proctor and Kraft, Culpepper Construction, JV & Sons McDonald’s franchise, Big Bend Hospice Foundation, Tallahassee Primary Care, Maclay School and the law firm Ausley McMullen.
Other notable recipients: Florida Democratic Party Building Fund, Black News Channel; Florida TaxWatch, a government nonprofit watchdog; the legislative information service LobbyTools and Sachs Media Group, a communications consultancy company for 25 years.
The most well-known restaurants that have received PPP funds include Edison, Liberty, Savor, Sage, and Table 23.
Less well known is the employee-owned engineering company Nova Technologies; Twin Oaks Juvenile Development, a private, non-profit organization that provides residential and outpatient services to youth, REI Holding Company, a local elevator company.
MusicMasters, a North Monroe Street company selling, renting and repairing musical instruments, secured a loan between $ 150,000 and $ 350,000, according to Records, saving 25 jobs.
When the pandemic hit the United States, Ron Sachs, Founder / CEO of Sachs Media, and his management team made it a priority to save the jobs of the 30 employees and spare them any pay cuts, time off or layoffs, despite business setbacks among clients who needed to suspend or cancel their contracts.
So when his lawyer, banker, and CPA advised him to enroll in the P3 program, he did.
“We have met all the criteria to apply for and receive a loan – and we have met all the requirements for the PPP loan,” Sachs said. “Each member of our full-time staff continued to work on full pay and benefits, with no loss of work time or income. We will continue to comply with all PPP requirements. “
The loans saved employees their wages and all benefits, including their health care premiums.
The SBA has distributed 4.9 million loans totaling $ 521 billion from 5.400 business lenders to fight the coronavirus pandemic through June 30. About 393,000 loans totaling $ 32 billion were distributed specifically to Florida businesses, affecting some 3.2 million jobs. The SBA said 96% of that money was covering small business payrolls.
The data includes 547 Tallahassee companies that received between $ 71.5 and $ 292 million to pay employees made redundant due to the coronavirus pandemic. The loans retained 24,400 local jobs.
For months, the SBA refused to release the names of companies that had received PPP loans, prompting calls for transparency from Democrats and some Republicans.
“Today’s release of loan data strikes the appropriate balance between transparency for the American people, while protecting sensitive payroll and personal income information for small businesses, sole proprietors and independent contractors.” Treasury Secretary Steve Mnuchin said in this week’s press release.
Who is who
Monday’s release includes “business names, addresses, North American Industry Classification System (NAICS) codes, postal codes, type of business, demographics, nonprofit information , the name of the lender and the jobs supported “.
The loan amount ranges are in five categories. These categories represent almost 75% of approved loans, Mnuchin said:
- $ 150,000 to $ 350,000.
- $ 350,000 to $ 1 million.
- $ 1 million to $ 2 million.
- 2 to 5 million dollars.
- $ 5-10 million.
No Tallahassee company was in the $ 5-10 million range, but 11 Tallahassee companies in the $ 2-5 million range were identified, with the number of jobs kept in brackets:
- Big Bend Hospice Foundation (218).
- Associates in dermatology (257 employees).
- JV & Fils (499).
- Nova Technologies (260).
- Preferred management agency (65).
- Proctor Holdings LLC (185).
- Tallahassee Radiology Associates (206).
- REI Holdings (220).
- Syn-Tech Systems (190).
- Tallahassee Orthopedics (304).
- Tallahassee Primary Care (318).
- Twin oaks (0).
44 other companies received loans of $ 1 million to $ 2 million, including:
- Design of advanced systems (72).
- Ausley & McMullen Law Firm (79).
- Big Bend Community Based Care (166).
- Bryant Miller Olive Law Firm (76).
- Capital Eurocars (107).
- Rehabilitation of Center Point (294).
- Culpepper construction (107).
- Hopping Green & Sams law firm (83).
- Jimmie Crowder’s excavation (134).
- Keith Lawson Services (195).
- Kraft Cars (80).
- Technological innovations MCCI (106).
- Corporation of the Municipal Code (168).
- North Florida Women’s Care (108).
- Seminole Boosters (54).
- Tadlock roof (140).
- Padgett Legal Group (164).
- Williams Communications (72).
492 other Tallahassee companies received less than $ 1 million, including:
- The Florida Democratic Party Building Fund (100).
- Black news channel (0).
- Bond Community Health Center (102).
- Youth Center of the Capital (54).
- Construction of children (55).
- Moore Communication Group (42).
- 2-1-1 Big Bend Inc. (32).
- Sachs Media Group (50).
- Florida TaxWatch Research Institute (15).
- Main street music incorporated (25).
Eight private schools received PPP funds: Maclay School, Community Christian School of Tallahassee, Holy Comforter Episcopal School, Trinity Catholic School, Alpha School, Christ Classic Academy, Community Leadership Academy, and St. John Paul II Catholic High School.
The names of the thousands of businesses that received less than $ 150,000 are still not being released. Almost 86.5% of the loans were less than $ 150,000.
Mike Ferrara, owner of Cabo’s Island Grill, received $ 148,000 on April 27 to protect his 37 employees.
Without the loan, he said, “the restaurant would be closed. It would have closed a month after this happened.”
The money will allow him to spend the first week of August. If Congress didn’t come back from vacation and re-authorize another round of loans, Ferrara feared it would be difficult to stay open.
“If Congress passes and gives us more money, we’ll stay open,” Ferrara said. “I have no faith in the government to do the right thing.”