SBA sued for PPP transparency as agency boosts another loan's limit
By Dan Ennis
May 13, 2020
- The Washington Post, The New York Times, Bloomberg LP, Dow Jones and ProPublica sued the Small Business Administration (SBA) on Tuesday for access to government records detailing which companies have received loans under the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL)
- The five media organizations filed requests last month under the Freedom of Information Act (FOIA), seeking the names of recipients, the amount of each loan, and the banks that processed them to no avail even though the SBA has published that information in the past.
- The suit comes as the agency temporarily boosted the lending limit from $350,000 to $1 million of the SBA Express loan as part of the pandemic relief effort.