Note: The data above is based on the North American Industry Classification System (NAICS) code used to identify the types of businesses, with the codes submitted as part of applications for the SBA. This map shows companies that received a second PPP loan (story continues below map): This map shows recipients of the first round of PPP loans (story continues below map): The blue factory icons indicate companies coded as materials recovery facilities and the green briefcase icons indicate recyclable material merchant wholesalers. Zoom in to see regions in more detail, and click on the individual icons for specifics on the companies that received the payments. Resource Recycling has created online maps showing who received loans. Total loans: 7,159 loans worth $951,557,788 (average of $132,918).Ĭlick here to see all the recyclable material merchant wholesalers. Total loans: 1,439 loans worth $236,796,527 (average loan was $164,556)Ĭlick here to see a spreadsheet of all the MRFs receiving PPP money. The following are some recycling-industry-specific PPP numbers from data uploaded by the SBA in early January: Materials recovery facilities (NAICS code 562920)ġst loans: 1,191 loans worth $196,728,724 (average $165,179)Ģnd loans: 248 loans worth $40,067,803 (average $161,564) When Resource Recycling last tallied PPP loans in December 2020, just before leaders authorized a second round of PPP support, the total lended to MRFs and recyclables traders was about $851 million.
Small Business Administration (SBA) to provide a second round of forgivable loans to certain PPP recipients.Ī new analysis of SBA data shows that MRFs and recyclables trading companies received a total of $1,188,354,314. Then, in December 2020, Congress passed – and President Trump signed – legislation allowing the U.S. In March 2020, federal leaders first approved the Paycheck Protection Program (PPP), which provided forgivable loans to companies to help them weather the pandemic’s economic disruptions.
Resource Recycling recently updated its analysis of PPP data and its map of recycling industry recipients.
MRFs and recyclables traders received about $1.19 billion in Paycheck Protection Program loans, including nearly $318 million received after Congress allowed certain companies to take a second bite at the PPP apple. An analysis of federal data shows recycling firms received over a billion dollars in Paycheck Protection Program loans.
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