White House Reveals Large Organizations Received PPP Loans
Summary from the AllSides News Team
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From the Right
Media Matters Took In up to $2 Million in Small Business Relief LoansMedia Matters for America, the George Soros-funded left-wing nonprofit organization, received between $1 million and $2 million in loans under the federal Paycheck Protection Program (PPP), according to Treasury Department data released Monday.
The loan money, intended to provide relief to small businesses that were shuttered because of the coronavirus pandemic, was approved for Media Matters by Bank of America on April 29, after the progressive outlet criticized the Trump administration for its handling of the rescue funds, suggesting the administration would not seek “enough to do the job.”
From the Center
Small Business Loans Helped the Well-Heeled and Connected, TooWASHINGTON—Congress designed the Paycheck Protection Program to help small businesses weather fallout from the coronavirus pandemic, but the program’s $521 billion in loans also went to well-heeled and politically connected firms across the economy, including law offices, charities, restaurant chains and wealth managers.
The Trump administration released the names of borrowers for the first time Monday, following pressure by Congress and others to disclose who received the taxpayer-funded loans.
From the Left
Televangelists, Dallas Megachurch That Hosted Pence Approved for Millions in Pandemic AidWASHINGTON — A Dallas megachurch whose pastor has been a vocal supporter of President Donald Trump was approved for a forgivable loan worth $2 million to $5 million, according to long-awaited government data released on Monday.
Vice President Mike Pence spoke at a rally last month at the First Baptist Church of Dallas, whose pastor, Robert Jeffress, has been on Trump's evangelical advisory board.
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