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Donald Trump and Jared Kushner receive $3.65m in PPP loan money intended for small businesses, report says
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The loans to the president and his family companies 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.
Four tenants at a Manhattan building owned by Mr Kushner each received more than $204,000, but they only kept six jobs.
White House press secretary Kayleigh McEnany and her family also benefited from the program. Her parent’s Florida roofing company received $2m from the program. It was previously disclosed in July that the company was one of the PPP recipients.
The SBA argued that 87 per cent of loans went to small businesses prior to the data release, but a majority of the loans actually went to larger corporations
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