Treasury releases names of some PPP loan recipients


NY law firm Kasowitz, Benson & Torres, headed by Mr Trump's long-time personal attorney Marc Kasowitz, also received a loan worth between $5 million and $10 million.

This includes 200 businesses and 10 non-profits that that received loans in the $5 million to $10 million range, including 30 from Columbus, 24 from Cincinnati and 20 from Cleveland.

The disclosure by the Small Business Administration provides only a range for the loan sizes instead of precise dollar amounts. A communications company in which New Jersey Gov. Phil Murphy has a stake, and a winery and hospitality company founded by California Gov. Gavin Newsom also were beneficiaries. "But well-connected small businesses got helped first and most", said Joshua Gotbaum, a guest scholar at the Brookings Institution think tank.

"According to the SBA data, a meager 1.5 percent of approved funding has gone to the agriculture, forestry, fishing, and hunting sectors combined". The company could not immediately be reached for comment. DeWine's son, Brian DeWine, is the president of the baseball team.

A spokesman said DeWine has a 32% stake in the baseball team and plays no management role.

The money was used to cover the payroll and expenses of 13 employees.

Notably, several organizations that are typically critical of government spending cast aside their political ethos in favor of getting loans from the PPP.

Private equity firms and portfolio managers were not an industry heavily impacted by the coronavirus pandemic. It also shows a concentration of more than 150 borrowers each in Blue Ash and Downtown. To date, almost 5 million loans have been approved for more than $521 million - with an average loan size of about $107,000.

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Monday's data is likely to raise further questions over whether the most needy benefited from the program and whether more companies should have returned the cash.

Here's the full report, with breakdowns by state. Select Demo Services, a demolition company, received the same size loan. Included is the number of jobs that were reported as being retained for each place of business. Their employees were largely able to keep working, and they weren't among the industries that had to be shut down by government orders.

The Center for Law and Social Policy, a research and advocacy group focused on policies supporting low-income Americans, was authorized for a loan of up to $1m according to government data.

"Companies that appear to match those associated with two Trump cabinet officials also received PPP loans", according to the Post.

Justice, a Republican, is considered to be West Virginia's richest man through ownership of dozens of coal and agricultural businesses, many of which have been sued for unpaid debts.

On the more logical end of the spectrum, a number of independent record labels received PPP loans. Yet the recipients of these forgivable, government-backed loans include billionaires, the well-connected and a few others you may not have expected. He maintains that his children are in control of the family business empire. Trapp Family Lodge and Smugglers' Notch received between $2 million and $5 million, while Skinny Pancake received $1 million to $2 million. His spokesman said in a statement that Kelly is not involved in day-to-day operations and "was not part of the discussions between the business and the PPP lender". But critics say that's deceptive because nearly 87% of all the loans were for amounts less than $150,000. Hogan stepped aside from the company when he was elected governor.

California, Florida, Texas, New York and IL had the largest numbers of loans and the most in dollar amount approved, data show.

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