Context

Created under the Cares Act as a response to COVID economic disruption, the Paycheck Protection Program (PPP) offered emergency loans to small businesses in the United States with the goal of reducing job losses. To promote the program, borrowers may be eligible for loan forgiveness if at least 60% of the loan proceeds were used to pay workers.

Content

There are 3 data files:

• ppp_loan_data.cvs: In addition to the loan amount (in U.S. dollars), the data file contains loan-level demographic information on the loans originated under the PPP program. Geographic fields include state, city, U.S. Congressional District, and zip code. It also includes business ownership type and a detailed NAICS code indicating the borrower's type of business, originating bank, and some borrower characteristics.

• naics_6.csv: this file contains industry names to accompany the NAICS code in the data file

• zip_county_crosswalk.cvs: this file maps zip codes to U.S. counties for anyone interested in incorporating additional demographic, economic, or other data of interest.

Acknowledgements

This data comes from the U.S. Small Business Administration (https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program).