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About: http://data.cimple.eu/claim-review/2c3507368bb93a6c27905fa409d1408cc86cdf0a23007667a7e21eaa Goto Sponge NotDistinct Permalink

An Entity of Type : schema:ClaimReview, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:ClaimReview
http://data.cimple...lizedReviewRating	credible
schema:url	http://www.snopes.com/fact-check/tom-brady-ppp/
schema:text	In early December 2020, after months of litigation brought by news organizations, the Trump administration finally made public data about recipients of the Paycheck Protection Program (PPP), a bailout program rolled out in the spring that was meant to help small businesses survive economic fallout from the coronavirus pandemic. In all, 5.2 million businesses, including Snopes, were able to access forgivable PPP loans. But the release of the data showing what businesses received a portion of the more than $500 billion in taxpayer relief money was accompanied by scrutiny and controversy. In one controversy, the data released by the Small Business Administration showed sports performance and nutrition company TB12, which is owned by former New England Patriots quarterback Tom Brady, received nearly $1 million. According to the data released by the Small Business Association, TB12, a sports health company, received $960,855 in PPP loans in April 2020. The company did not state whether any jobs were saved on account of receiving the loan. On its LinkedIn Page, TB12 stated it has between 11 and 50 employees. Some on social media criticized the loan, citing Brady's own personal wealth. In March 2020, Brady signed a $50 million, two-year contract to play for the Tampa Bay Buccaneers. The data release also revealed that more than half the money went to larger businesses, including national chains. Another analysis found that more than $3.65 million went to businesses that were tenants in properties owned by U.S. President Donald Trump and his adviser and son-in-law, Jared Kushner. These discoveries were made even after news outlets reported that a vast proportion of small businesses owned by minorities and women were shut out of the PPP program because they didn't qualify, or because funds were exhausted at the time their applications were processed, per an analysis by CBS News. Thousands of small businesses have closed as a result of the pandemic.
schema:mentions	dbpedia:Paycheck_Protection_Program dbpedia:Impact_of_the_COVID-19_pandemic_on_sports dbpedia:2020_Tampa_Bay_Buccaneers_season Purchasing power parity LinkedIn New England Patriots Troubled Asset Relief Program CBS News Snopes Tom Brady Jared Kushner Quarterback Presidency of Donald Trump Social media President of the United States Donald Trump Nutrition Sports Health Small Business Administration dbpedia:COVID-19_pandemic_in_the_United_States
schema:reviewRating	True
schema:author	snopescom
schema:datePublished	2020-12-08 (xsd:date)
schema:inLanguage	English
schema:itemReviewed	http://data.cimple.eu/claim/2b22c15cdfb459db269b00e13bec39514d8b381359388cc396efc568

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