Who Received Small Enterprise Aid Loans? Trump donors, elite faculties and household planning are on the record

The Trump administration has revealed among the corporations which have acquired help from the Paycheck Safety Program meant to assist small companies survive the pandemic and hold their jobs.

The Washington Publish: Small Enterprise Administration Releases Paycheck Safety Program Mortgage Archives

Information launched Monday by the Small Enterprise Administration reveals that companies owned by members of Congress and the legislation agency that represented President Trump had been among the many a whole bunch of 1000’s of corporations that acquired help from the company. As a part of its $ 660 billion small enterprise help program, the SBA has additionally supplied loans to non-public faculties for elite clientele, foreign-owned companies and huge chains. backed by well-heeled Wall Road corporations. Nearly 90,000 corporations taking part in this system took the help with out promising on their purposes that they might rehire employees or create jobs. (O’Connell, Gregg, Wealthy, Narayanswamy and Whoriskey, 7/6)

The New York Occasions: Lobbyists, Legislation Companies and Enterprise Teams Take Out Small Enterprise Loans

The Trump administration, beneath strain to disclose which corporations have acquired loans beneath a $ 660 billion program to maintain small companies afloat, on Monday launched information displaying that eating places, physician’s places of work and auto sellers had been among the many principal recipients of loans. (Smialek, Tankersley and Broadwater, 7/6)

The Wall Road Journal: Small enterprise loans have additionally helped the well-heeled and linked

The 660,000 corporations cited represented solely the most important loans, these valued at $ 150,000 or extra. Loans will be canceled if they’re used extensively to retain workers. The loans disclosed on Monday had been about 15% of the greater than 4 million program members, however about $ 3 of the $ 4 distributed. (Tracy, Day and Haddon, 7/6)

AP: Trump donors amongst early recipients of coronavirus loans

As much as $ 273 million in federal coronavirus help has been awarded to greater than 100 corporations owned or managed by main donors as a part of President Donald Trump’s election efforts, in accordance with an Related Press evaluation of federal information . Many had been among the many first to be authorized for a mortgage in early April, when the administration struggled to get the mortgage program began. And solely eight corporations needed to wait till early Might to get the assistance, in accordance with evaluation of AP information launched on Monday. (Slodysko and Kastanis, 7/7)

NBC Information: What unites household planning, Kushner and Kanye? PPP loans

The federal authorities has assured loans totaling as much as $ 150 million for Deliberate Parenthood associates in current weeks, in accordance with information from the Federal Paycheck Safety Program launched Monday by the Small Enterprise Administration. The loans infuriated abortion rights conservatives, who applauded final 12 months when President Donald Trump efficiently blocked the group from accessing the federal authorities’s principal household planning fund. (Allen and Gardella, 7/6)

AP: Kanye West? Lady Scouts? Hedge funds? All have obtained PPP loans

The federal government’s small enterprise mortgage program has benefited hundreds of thousands of companies, with the goal of minimizing the variety of layoffs Individuals have suffered within the face of the coronavirus pandemic. Nonetheless, the recipients get numerous it that you simply in all probability would not anticipate. Kanye West’s clothes line. Sculptor Jeff Koons. Excessive added worth legislation corporations and hedge funds. The Lady Scouts. Political teams left and proper. (Rugaber, 7/7)

Reuters: US pandemic help program saved 51.1 million jobs, however wealthy and linked too

The gallery of well-connected names has unfold deep into the world of America’s privileged and super-famous. Sidwell Buddies Faculty, an unique non-public faculty that educated the daughters of former President Barack Obama, has been authorized for between $ 5 million and $ 10 million, as has Saint Ann’s Faculty in Brooklyn, which – with tuition charges exceeding $ 50,000 a 12 months – is attended by the kids of the blanket. fund managers and celebrities. (Worth, Lawder and Delevingne, 7/6)

Stat: Venter Institute, Yumanity amongst biopharmaceutical beneficiaries of PPP loans

Yumanity, the J. Craig Venter Institute and dozens of different biotech corporations have acquired loans from the Paycheck Safety Program, in accordance with information launched Monday … This system, which Congress established in a March legislation to assist companies would in any other case be fired or made redundant, has been criticized for its lack of transparency and for initially permitting well-funded, usually publicly traded corporations to use for monetary help. (Sheridan, 7/6)

AP: Virus loans helped entities linked to Trump’s evangelical allies

Church buildings linked to President Donald Trump and different organizations linked to present or former Trump evangelical advisers have acquired at the least $ 17.3 million in loans from a federal bailout program designed to assist small companies throughout the pandemic coronavirus. Among the many mortgage recipients are Metropolis of Future, the Florida church that Trump’s private pastor and White Home non secular adviser Paula White-Cain calls dwelling, and First Baptist Dallas, led by ally of Trump and Senior Pastor Robert Jeffress. Metropolis of Future acquired between $ 150,000 and $ 350,000 from the Paycheck Safety Program, or PPP, and First Baptist Dallas acquired between $ 2 million and $ 5 million, in accordance with information launched Monday by the Treasury Division. (Schor, 7/7)

That is a part of the KHN Morning Briefing, a abstract of protection of well being coverage by main information organizations. Join an e-mail subscription.

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