Brockton businesses received $ 130 million in federal coronavirus loans

BROCKTON, MA — Brockton businesses have received more than $ 130 million in loan approvals under the federal paycheck protection program, according to data released Tuesday by the Small Business Administration.

Loans were made to 1,110 businesses and ranged from $ 443.32 to $ 2,858,620.00. Applicants said the loans would help them protect 13,480 jobs in Brockton.

“PPP gave us the confidence that we can do this and a pretty good idea of ​​what the future will bring us,” said Dr Ronald Hirschberg, director of Brockton Animal Hospital. “It really allowed us to do our best to see a number of patients who have been turned away from other hospitals.”

Data released this week includes all loans under the program passed in March as the coronavirus pandemic took hold and forced large-scale business closings and layoffs. The SBA released loan data in July, but that data only showed loans over $ 150,000 and did not include specific dollar amounts.

The Washington Post, Bloomberg, and other media companies sued the SBA for releasing the full data set. In November, a federal judge ruled in favor of the media companies and ordered the SBA to release the data by December 1. Data released on Tuesday was current to November 24 and includes updates to data released in July.

PPP loans are part of the CARES Act, a comprehensive COVID-19 relief program passed by Congress in the spring. Loans are repayable as long as a certain percentage is used for the payroll. The program stopped receiving new applications in August, but business groups are lobbying federal lawmakers and the Trump administration to renew the program.

In Brockton, loans have gone to businesses, including:

  • Green Recycling Systems, Inc.
  • Ben Transport, LLC
  • Brockton Veterinary Hospital, LLC
  • White Pastry, Inc.
  • Brockton Visiting Nurses Association

Statewide, there have been nearly 118,000 loans totaling $ 14.27 billion. In their loan applications, the companies that received the loans said they would help protect 1.17 million jobs in Massachusetts.

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