2,314 loans. 25,000 Jobs: Searchable Database of Berkshire County’s $ 223 Million P3 Loans | Local News
Want to see who got what locally in last year’s paycheck protection program? The Eagle now provides access to all data, from the smallest to the largest loans in Berkshire County, which brought in $ 223 million to the region. You can search the data by company or category.
The loan program was created to keep small businesses afloat – and employees at work – at the start of the pandemic. While the largest loans have been public information since the program began, the Small Business Administration released data on all loans in December, in response to media inquiries under the Freedom of Information Act.
Berkshire County loans went to 2,314 businesses that employed more than 25,000 people at the start of the pandemic, according to data from borrowers. Not all of the jobs reported were money-spared; companies were required to spend 60% of the payroll loan to qualify for a rebate.
A significant portion of the funding went to a small number of companies, a trend that is reflected in the state and the country. A third of the money distributed in the Berkshires went to 48 companies, or 2% of all beneficiaries.
The largest loan offered in the county was $ 5.4 million to Berkshire County Arc, which said it repaid the loan, followed by nearly $ 4.9 million to Petricca Industries and $ 3.7 million at the Brien Center. The local company that operates The Berkshire Eagle received a loan of $ 1.9 million, one of the county’s 15 largest.
SBA loan data does not reflect subsequent changes. For example, some companies did not take out the loans offered to them, while others repaid loans. None of these scenarios are noted in the SBA data. In addition, some companies have indicated that the funds will not save any jobs.
You can query the dataset by entering a business name or address, including just the city or town, in the search box to the left above the graph. You can also sort the columns by clicking on them.
If you have any concerns about the listed companies or questions about the program, please email The Eagle at [email protected] Please note that this database may take longer to load on phones.