Important Information about the Public Release of the SBA PPP Loan Information

What is occurring?

On November 5, a federal judge ordered the Small Business Administration (SBA) to release the names, addresses and precise loan amounts for all Paycheck Protection Program (PPP) loan recipients and all COVID-19-related Economic Injury Disaster Loan (EIDL) recipients. Since the SBA didn't appeal the ruling, this information was publicly released on December 1, 2020.

Why is this happening?

The judge found that SBA’s claimed exemptions from the Freedom of Information Act do not cover the PPP data sought by major news organizations.
The SBA had previously released information on PPP loans of $150k or higher in July, but the latest release will include all PPP loans regardless of size.

Now that this information is public, am I at a higher risk for PPP loan fraud?

It’s important to remain vigilant by routinely monitoring your accounts and reporting any concerns.
If you obtained a PPP loan with us and suspect fraudulent activity, contact our Client Service at 800-382-5465 or visit a First Horizon Bank branch.
If you used another financial institution to obtain a PPP loan and suspect fraudulent activity, call that financial institution or contact the SBA.
If you did not obtain a PPP loan but suspect someone fraudulently opened one using your information, contact the SBA directly.