The aid package is the centerpiece of the federal government's plan to rescue an economy devastated by shutdowns and uncertainty. The data released by the Treasury Department presents the fullest accounting of the program thus far.
Critics want to see which larger firms and chains took PPP loans after reports that entities such as Shake Shack Inc. and the Los Angeles Lakers got loans ahead of mom and pop borrowers, prompting those two and others to return their loans.
Patrick Broadcasting received a loan of $179,000 from the federal Paycheck Protection Program, according to Patrick spokeswoman Sherry Sylvester. The loans were largely dished out on a good-faith basis, with borrowers certifying to their eligibility and the accuracy of the data they provided, meaning the figures on how many jobs were retained have not been thoroughly vetted.
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Gavin Newsom ordered a three-week closure of bars and many indoor establishments in counties where some 30 million people live. His political supporters say there will be no social distancing at the event, but masks will be available.
Shortly before the 2016 presidential election, De Niro let loose on Trump, calling him "blatantly stupid", and a "punk" who "doesn't pay his taxes" and said he'd like to punch him in the face.
All told, the Trump supporters who run these companies have contributed at least $11.1 million since May 2015 to Trump's campaign committees, the Republican National Committee and America First Action, a super PAC that has been endorsed by Trump, the AP review found. A message seeking comment was left with Muy Brands. "Today's data shows that small businesses of all types and across all industries benefited from this unprecedented program", said Small Business Administration chief Jovita Carranza. I do care about businesses unable to get loans or more than a *dollar* in funding when there's $130 billion still left in the kitty. Many returned PPP loans after their borrowing drew criticism. Avant, Prosper Marketplace and Upstart were among them.
Peter Febo, chief operating officer of Kushner Cos., acknowledged the loans to Princeton Forrestal and other company hotels but declined to say which ones or what amounts were received.
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According to the data, those 583 companies reported supporting roughly 14,800 jobs collectively with the money from the programme. Investment managers and private equity firms also tend to be extremely well paid positions.
Still, the data that were released revealed a number of controversial and possibly problematic loans given out by the administration, which will likely result in critics questioning whether a conflict of interest exists in some of the PPP funds given out. That's an average of 25 employees per company. It received a loan of between $1 million and $2 million.
Gov. Dan Patrick speaks after Texas Governor Greg Abbott announced the reopening of more Texas businesses during the COVID-19 pandemic at a press conference at the Texas State Capitol in Austin on Monday, May 18, 2020.
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Carlson sold his stake in the company on June 10, when the Washington Post reported the chaos in the Treasury Department's computer system and the complications of ordinary individuals applying for loans.