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Kanye, Kushner, Girl Scouts: Abrupt PPP loan Receivers – Business Insider

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15 of the most surprising companies that the Small Business Administration listed as paycheck protection loan recipients
Kanye, Kushner, Girl Scouts: abrupt PPP loan receivers – Business Insider

Kanye, Kushner, that the Girl Scouts, Burning Man, and much more were recorded as PPP loan receivers from the SBA. Some have contested the accuracy of this information.

girl scoutsgirl scouts

Girl Scouts through a Fourth of July parade in San Gabriel, California at 2018.

Frederic J. Brown/ / AFP through Getty Images

  • The US Small Business Administration published 4.8 million loan documents detailing who obtained cash from the $530 billion Paycheck Protection Program on Monday.
  • The program, meant to shield little companies, also doled out cash to billionaire-backed businesses such as TGI Fridays and he posh members-only club Soho House.
  • Other titles that appeared from the SBA’s disclosure comprised Kanye West’s Yeezy brand, 30 Girl Scouts of America chapters, multiple Catholic archdioceses, as well as the companies of individuals near President Donald Trump.
  • Multiple businesses recorded from the filings, such as e-scooter firm Bird and famous venture capital firm Andreessen Horowitz, stated they didn’t get loans, forecasting the truth of this SBA dataset into query.
  • Business Insider piled up a few of the very surprising associations to appear from the dataset.
  • Visit Business Insider’s homepage for more tales .

Andreessen Horowitz, a mythical Silicon Valley venture-capital company, received involving $350,000 and $1 million to 24 jobs, according to the filing, but a spokesperson informed Business Insider it didn’t obtain financing.

marc andreessen ben horowitz

Marc Andreessen and Ben Horowitz.

REUTERS/Brendan McDermid

Source: Business Insider

Similarly, the filings recorded e-scooter firm Bird as received between $5 and $10 million to keep 341 projects, but the company advised Business Insider it never finished an application and was “erroneously listed” from the SBA’s data.

Bird scooters parked LA



Irene Jiang / Business Insider

Source: Business Insider

The Americans to get Tax Reform Foundation, a arm Grover Norquist’s anti-government paying group, is recorded to have been accepted for financing involving $150,000 and $300,000. A representative affirmed the loan within an email to Business Insider.

Grover Norquist

Grover Norquist.

AP

Source: Slate, Americans for Tax Reform

Foremost Group, a delivery company owned by Transportation Secretary Elaine Chao’s household, obtained between $350,000 and $1 million, according to the filing. A company source told Business Insider the approved loan was $500,000.

elaine chao

Transportation Secretary Elaine Chao talks during a significant infrastructure investment statement at transport headquarters at Washington, Tuesday, Dec. 11, 2018.


Jose Luis Magana/AP


Source: MarketWatch

The nationwide Girl Scouts of America obtained a loan between $5 and $10 million, the company confirmed in an email to Business Insider. More compared to 30 Girls Scout chapters nationally also obtained PPP loans, the federal organization also supported, with chapters such as the Girl Scouts of Northern California getting between $2 and $5 million along with the Girl Scouts of Colorado, Connecticut, and Illinois each getting between $1 and $2 million. )

girl scouts

Girl Scouts through a Fourth of July parade in San Gabriel, California at 2018.

Frederic J. Brown/ / AFP through Getty Images

Source: Associated Press, Washington Post

Soho House, that the billionaire-backed private members-only club, allegedly received six distinct loans involving $350,000 and $10 million to the Los Angeles, Chicago, Miami, and New York places, saving 1,996 jobs. It supported its PPP loan to Bloomberg.

soho house miami beach

A scene out of Soho House Miami.

Getty Images

Source: Business Insider, Bloomberg

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