The news is out: [Tenants in real estate properties owned by President Donald Trump and his son-in-law Jared Kushner received $3.65m of loan money through the Paycheck Protection Program (PPP), according to an analysis by NBC News.
The news organization analyzed what businesses benefited from pandemic relief programs put in place by the federal government. Data from the Small Business Administration (SBA) found that companies linked to the Trump Organization as well as the Kushner Companies, which is owned by Mr Kushner’s family, received funding.
More than 25 PPP loans were given to businesses located in properties owned by Trump Organization or Kushner Companies, and paying rent to those landlords, NBC News reports.
The SBA released data on Tuesday night about every small business that received either PPP loans or Economic Injury Disaster (EIDL) loans after months of litigation.
These loans, created by the federal government, were intended to give small businesses emergency relief in order to pay employees, rent, and mortgage expenses.
The loans to the president and his family’s tenants included one to Triomphe Restaurant Corp., at the Trump International Hotel & Tower in New York City for the sum of $2.14m. Additionally, two tenants in Trump Tower in NYC received $100,000 each but only kept three jobs, which went against the requirements of receiving a PPP loan.]
The way things are. Perfectly normal day in the US.