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Trump Organization, Kushner Companies benefited from pandemic relief loans: report

Added 12-02-20 03:56:03pm EST - “Businesses at properties owned by the Trump Organization and President Trump's son-in-law Jared Kushner's family reportedly received more than two dozen? Paycheck Protectio” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “Trump Organization, Kushner Companies benefited from pandemic relief loans: report”. Below is an excerpt from the article.

Businesses at properties owned by the Trump Organization and President TrumpDonald John TrumpTrump alludes to possible 2024 run in White House remarks Trump threatens to veto defense bill over tech liability shield Tiger King's attorney believes they're close to getting pardon from Trump MORE’s son-in-law Jared KushnerJared Corey KushnerTiger King's attorney believes they're close to getting pardon from Trump Trump has discussed possible pardons for three eldest children, Kushner: report Trump, Kushner, White House sued by watchdog to prevent illegal deletion of official emails, WhatsApp messages MORE’s family reportedly received more than two dozen Paycheck Protection Program (PPP) loans worth more than $3.65 million.

An analysis by NBC News of Small Business Administration (SBA) data released Tuesday night found that millions of dollars were given to businesses located at Trump Organization and Kushner Companies properties that pay rent to the two companies.

NBC reported that 15 of those properties self-reported that after receiving the PPP loans, they kept only one employee, did not keep any employees or did not report how many workers they retained.

Among the loans was one for $2,164,543 to the Triomphe Restaurant Corp., located at Trump International Hotel & Tower in New York City. The company reported the money was not used to keep any jobs. The restaurant later closed.

Additionally, NBC reported that two tenants at Trump Tower in New York received more than $100,000 and only kept three jobs, while four tenants at the Kushner Companies-owned 666 5th Avenue received a total of more than $204,000 and held just six jobs.

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