Kanye, Kushner, Girl Scouts: surprising PPP loan recipients

girl scoutsgirl scouts

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

Frederic J. Brown/AFP via Getty Images


  • The US Small Business Administration released 4.8 million loan records detailing who received money from the $530 billion Paycheck Protection Program on Monday.
  • The program, meant to protect small businesses, also doled out money to billionaire-backed corporations like TGI Fridays and the chic members-only club Soho House.
  • Other names that appeared in the SBA’s disclosure included Kanye West’s Yeezy brand, 30 Girl Scouts of America chapters, multiple Catholic archdioceses, and the businesses of people close to President Donald Trump.
  • Multiple companies listed in the filings, like e-scooter company Bird and famed venture capital firm Andreessen Horowitz, said they did not receive loans, calling the accuracy of the SBA dataset into question.
  • Business Insider rounded up some of the most surprising organizations to appear in the dataset.
  • Visit Business Insider’s homepage for more stories.

Andreessen Horowitz, a legendary Silicon Valley venture-capital firm, received between $350,000 and $1 million for 24 jobs, according to the filing, but a spokesperson told Business Insider it did not receive a loan.

marc andreessen ben horowitz

Marc Andreessen and Ben Horowitz.

REUTERS/Brendan McDermid


Source: Business Insider

Similarly, the filings listed e-scooter company Bird as having received between $5 and $10 million to retain 341 jobs, but the company told Business Insider it never completed an application and was “erroneously listed” in the SBA’s data.

Bird scooters parked LA



Irene Jiang / Business Insider


Source: Business Insider

The Americans for Tax Reform Foundation, an arm of Grover Norquist’s anti-government spending group, is listed to have been approved for a loan between $150,000 and $300,000. A representative confirmed the loan in an email to Business Insider.

Grover Norquist

Grover Norquist.

AP


Source: Slate, Americans for Tax Reform

Foremost Group, a shipping business owned by Transportation Secretary Elaine Chao’s family, received between $350,000 and $1 million, according to the filing. A company source told Business Insider the accepted loan was less than $500,000.

elaine chao

Transportation Secretary Elaine Chao speaks during a major infrastructure investment announcement at transportation headquarters in Washington, Tuesday, Dec. 11, 2018.


Jose Luis Magana/AP



Source: MarketWatch

The national Girl Scouts of America received a loan between $5 and $10 million, the organization confirmed in an email to Business Insider. More than 30 Girls Scout chapters nationwide also received PPP loans, the national organization also confirmed, with chapters like the Girl Scouts of Northern California receiving between $2 and $5 million and the Girl Scouts of Colorado, Connecticut, and Illinois each receiving between $1 and $2 million.

girl scouts

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

Frederic J. Brown/AFP via Getty Images


Source: Associated Press, Washington Post

Soho House, the billionaire-backed private members-only club, reportedly received six different loans between $350,000 and $10 million for its Los Angeles, Chicago, Miami, and New York locations, saving 1,996 jobs. It confirmed its PPP loan to Bloomberg.

soho house miami beach

A scene from Soho House Miami.

Getty Images


Source: Business Insider, Bloomberg

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By |2020-07-07T22:26:51+00:00July 7th, 2020|Business|0 Comments

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