The federal government has released details on all Paycheck Protection Program loan recipients, allowing E-Scrap News to chart the money’s impact on the electronics recycling industry.
The Small Business Administration (SBA) this month disclosed detailed information on all recipients of Paycheck Protection Program (PPP) funds through Nov. 24, 2020. Scattered through the datasets are numerous electronics recycling and reuse companies.
The SBA categorizes types of businesses using six-digit North American Industry Classification System (NAICS) codes, and there isn’t a code specific to electronics recycling; however, many electronics recycling businesses can be found listed alongside other types of companies under codes for “materials recovery facilities” and “recyclable material merchant wholesalers.”
(Disclosure: Resource Recycling, Inc., publisher of E-Scrap News, received a $92,000 PPP loan. The company was coded under the NAICS code for “periodicals publishers.”)
E-Scrap News created an online map showing all loan recipients under the MRF and recyclable materials trader codes. Zoom in to see regions in more detail, and click on the individual icons for specifics on the companies that received the payments. The blue factory icons indicate companies coded as materials recovery facilities, and the green briefcase icons indicate recyclable material merchant wholesalers. (Story continues below map.)
Additionally, many refurbishment and reuse businesses can be found under codes for “consumer electronics repair and maintenance,” “computer and office machine repair and maintenance,” and “communication equipment repair and maintenance.” E-Scrap News created the following map for those loan recipients. The orange icons indicate companies listed under the code for consumer electronics repair and maintenance. The blue icons indicate computer and office machine repair and maintenance companies. The green icons indicate communication equipment repair and maintenance companies. (Story continues below map.)
All repair and maintenance businesses can be found in this spreadsheet.
Data released after court order
The information was released as Congress closer to reaching agreement on another bill providing financial support to businesses and individuals affected by the COVID-19 economic slowdown. A coronavirus aid bill is expected to include tens of billions of dollars for additional PPP loans.
In July, the SBA released information on PPP recipients, but that data didn’t identify companies receiving less than $150,000, and for companies receiving loans over $150,000, it used only loan amount ranges, not exact dollar amounts. A dozen media outlets sued for the release of the withheld information. A federal judge on Nov. 5 ordered the administration to release the details, which it did on Dec. 1.
Under the court order, the SBA was also ordered to release data on Economic Injury Disaster Loan (EIDL) and EIDL Advance recipients. But that data doesn’t include NAICS codes, making it impossible to sort by business type.
More stories about processors
- Processor secures closed-loop plastics recycling deal
- Processor brings facility on-line near Las Vegas
- ITAD provider opens Los Angeles-area facility