PPP Security Notice
On December 1, 2020, the Small Business Administration (SBA) released public data about Paycheck Protection Program (PPP) borrowers—specifically, the borrowers’ names, addresses, exact loan amounts, NAICS, jobs reported, loan approval date, and the names of their PPP lenders. This was done by court order following lawsuits brought by media organizations seeking the data. As a Federal agency, the SBA is both subject to and must comply with the Freedom of Information Act (FOIA). Federal agencies are required to disclose any information requested under the FOIA unless it falls under one of nine exemptions which protect interests such as personal privacy, national security, and law enforcement.
We want you to know that Simmons Bank did not publicly disclose the data and played no role in the court decision. Our commitment to protect your privacy is paramount, and we follow all applicable laws and regulations.
Unfortunately, we have heard that some third-party businesses are using information from the court-ordered data release to market themselves to PPP customers. These communications may reference Simmons Bank and may even imply that we have a relationship with the sender. You should be aware that we will communicate directly with you about your PPP loan and the forgiveness process. If you have any doubt, please contact your assigned banker.
As always, our commitment is to your business’ financial health. Thank you for your ongoing partnership.