Trump & Kushner family members receive up to $21 million in PPP loans

The Trump Timeline

Sources linked at end of page.

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The government gives in to threats of legal action and releases information on which Trump-associated businesses are applying for or have already been approved for PPP loans (forgivable loans given to businesses to pay employees during the COVID-19 pandemic).

The majority of Trump-associated businesses that have already been approved for PPP loans are owned or financially tied to members of Jared Kushner’s family.

The New York Observer, which Kushner owned until he gave it to his brother-in-law in 2017, was approved for between $350,000 and $1 million.

Princeton Forrestal LLC, a company that is at least 40% owned by Kushner’s family members, was approved for $1 million to $2 million.

Another company, Esplanade Livingston LLC, which owns the land that a Kushner Companies hotel operates on, was approved for $350,000 to $1 million.

Joseph Kushner Hebrew Academy named after Kushner’s grandfather and financially supported by the family received up to $2 million.

A law firm that represented Donald Trump during the Russia investigation was approved for between $5 million and $10 million.

A business partner of Trump attorney Rudy Giuliani received between $2 million and $5 million.

A handful of other businesses that have applied for PPP loans but have not yet been approved are owned or partially owned by Donald Trump Jr. and a friend at Mar-a-Lago and have requested up to $700,000.

Source

https://www.propublica.org/article/trump-friends-and-family-cleared-for-millions-in-small-business-bailout

https://www.businessinsider.com/kushner-family-firms-received-millions-in-paycheck-protection-loans-2020-7

Photograph: Public Domain

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