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But, instead of judging whether an organization needed the help by its potential to take a nosedive during the pandemic (which would admittedly have been almost impossible given the time frame), or even by the size of its budget, the program used the number of employees as its proxy. Here, we break for a moment to emphasize that this is, in fact, a paycheck protection program. Now you can find out here, but we summarize the list by observing that, yes, some members of Congress did benefit, and not all who received the money might be defined as those most in need, even among the nonprofit recipients. Some returned their loans under scrutiny from the public, but others did not, and there has been a good deal of speculation about where the really high-end loans have gone to date. and funded by the company to exhibit his personal art collection, each received loans of $2 million to $5 million.”Īdditionally, early in the process, despite the fact that the program was intended to support small businesses, a number of large chains were revealed to have taken the loans-which, if one meets the guidelines, are forgivable. At the same time, as Bloomberg notes, “In Los Angeles, the opera and the Hammer Museum, founded by Armand Hammer, the former chairman of Occidental Petroleum Corp. For instance, in an ironic twist, the conservative Americans for Tax Reform Foundation, headed by Grover Norquist to advocate for restraint in government spending, applied for and was awarded a PPP loan of between $150,000 and $350,000, according to the data disclosed by the SBA. As was expected, the list is likely to cause some consternation and give us plenty to talk and wonder about.