While thousands of small businesses were shut out of the Paycheck Protection Program earlier this year, NFL quarterback Tom Brady’s sports performance and nutrition company, TB12 Inc., received a loan from the federal government worth nearly one million dollars.
According to the Small Business Administration, TB12 was granted a $960,855 loan in April. The sportswear and supplement company qualified for the lifeline with a 2019 payroll between $1.68 and $4.8 million.
“TB12, INC. received a Paycheck Protection Loan of between 350,000 and 1M through Cambridge Savings Bank, which was approved in April, 2020.
Based on standard PPP eligibility rules, TB12, INC.’s total 2019 payroll expenses were between $1.68M and $4.8M in order to qualify for the PPP loan amount received. Unline most businesses, TB12, INC. did not report the number of jobs retained by their receipt of the Paycheck Protection Loan, so per-employee payrolls cannot be estimated,” SBA’s site read.
Brady is the second-highest-paid NFL player of all-time, raking in over $350 million during his career. He recently signed a two-year, $50 million contract with the Tampa Bay Buccaneers. Brady’s wife, Gisele Bündchen, is reportedly worth $400 million.
it doesn`t surprise me that rich people benefited more from ppp loans than middle class people did. the rich have always known how to take care of each other,that`s why they always stay rich.
How did PELOSI get is the Question !!!! ????????
How much did the Bidens Get !! ??? That’s what we want to know !!!
All of Soro’s businesses and Pelosi’s husbands business got it. Only went to the rich instead of the REAL WORKING SMALL BUSINESS. Get use to it this is how the Top Democrats are going to roll. They get richer and middle class and poor get poorer!!! Because all the truth was withheld with the help of Main Stream Media they got elected in what they did not steal to take the country over and turn it into China/Cuba/Russia whom they have been collaborating with.