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15 of the most surprising companies that the Small Business Administration listed as paycheck protection loan recipients

15 of the most surprising companies that the Small Business Administration listed as paycheck protection loan recipients
  • The US Small Business Administration released 4.8 million loan records detailing who received money from the $530 billion Paycheck Protection Program on Monday.
  • The program, meant to protect small businesses, also doled out money to billionaire-backed corporations like TGI Fridays and the chic members-only club Soho House.
  • Other names that appeared in the SBA's disclosure included Kanye West's Yeezy brand, 30 Girl Scouts of America chapters, multiple Catholic archdioceses, and the businesses of people close to President Donald Trump.
  • Multiple companies listed in the filings, like e-scooter company Bird and famed venture capital firm Andreessen Horowitz, said they did not receive loans, calling the accuracy of the SBA dataset into question.
  • Business Insider rounded up some of the most surprising organizations to appear in the dataset.

Andreessen Horowitz, a legendary Silicon Valley venture-capital firm, received between $350,000 and $1 million for 24 jobs, according to the filing, but a spokesperson told Business Insider it did not receive a loan.

Andreessen Horowitz, a legendary Silicon Valley venture-capital firm, received between $350,000 and $1 million for 24 jobs, according to the filing, but a spokesperson told Business Insider it did not receive a loan.
Marc Andreessen and Ben Horowitz. REUTERS/Brendan McDermid
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Similarly, the filings listed e-scooter company Bird as having received between $5 and $10 million to retain 341 jobs, but the company told Business Insider it never completed an application and was "erroneously listed" in the SBA's data.

Similarly, the filings listed e-scooter company Bird as having received between $5 and $10 million to retain 341 jobs, but the company told Business Insider it never completed an application and was "erroneously listed" in the SBA's data.
Irene Jiang / Business Insider

Source: Business Insider

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Burning Man, the iconic 'commerce-free' festival, received between $2 and $5 million for an undisclosed number of jobs, according to the filing. A representative did not immediately respond to Business Insider's request for comment.

Burning Man, the iconic 'commerce-free' festival, received between $2 and $5 million for an undisclosed number of jobs, according to the filing. A representative did not immediately respond to Business Insider's request for comment.
A scene from Burning Man. Jim Urquhart/Reuters
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The Ayn Rand Institute, a center dedicated to promoting Rand's well-known brand of hardcore capitalism, was approved for a loan of up to $1 million to secure 35 jobs. A spokesperson for the institute confirmed the loan in an email to Business Insider.

The Ayn Rand Institute, a center dedicated to promoting Rand's well-known brand of hardcore capitalism, was approved for a loan of up to $1 million to secure 35 jobs. A spokesperson for the institute confirmed the loan in an email to Business Insider.
A photograph of Ayn Rand hangs in the offices of the Ayn Rand Institute's headquarters in Irvine, California. Don Tormey/Los Angeles Times via Getty Images

Source: Reuters

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The Americans for Tax Reform Foundation, an arm of Grover Norquist's anti-government spending group, is listed to have been approved for a loan between $150,000 and $300,000. A representative confirmed the loan in an email to Business Insider.

The Americans for Tax Reform Foundation, an arm of Grover Norquist's anti-government spending group, is listed to have been approved for a loan between $150,000 and $300,000. A representative confirmed the loan in an email to Business Insider.
Grover Norquist. AP
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Kanye West's Yeezy sneaker brand received between $2 million and $5 million to save 160 jobs, according to the filing. A representative for Yeezy did not immediately respond to request for comment.

Kanye West's Yeezy sneaker brand received between $2 million and $5 million to save 160 jobs, according to the filing. A representative for Yeezy did not immediately respond to request for comment.
Kanye West presents the Fashion Icon Award to Pharrell Williams onstage at the 2015 CFDA Fashion Awards at Alice Tully Hall at Lincoln Center on June 1, 2015 in New York City. Michael Loccisano/Getty Images

Source: CBS News

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The Archdiocese of New York reportedly received between $5 and $10 million to support nearly 462 jobs, while other archdioceses, like those in Miami and Denver received between $1 and $2 million. A representative for the archdiocese did not immediately reply to request for comment.

The Archdiocese of New York reportedly received between $5 and $10 million to support nearly 462 jobs, while other archdioceses, like those in Miami and Denver received between $1 and $2 million. A representative for the archdiocese did not immediately reply to request for comment.
Our Saviour Parish in Manhattan, a part of the Archdiocese of New York. Spencer Platt/Getty Images
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The Joseph Kushner Hebrew Day Academy, a school named after Trump advisor and son-in-law Jared Kushner's grandfather, reportedly received a loan between $1 and $2 million. The school did not immediately respond to request for comment. Other Kushner family interests also received loans.

The Joseph Kushner Hebrew Day Academy, a school named after Trump advisor and son-in-law Jared Kushner's grandfather, reportedly received a loan between $1 and $2 million. The school did not immediately respond to request for comment. Other Kushner family interests also received loans.
Jared Kushner. Win McNamee/Getty
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Foremost Group, a shipping business owned by Transportation Secretary Elaine Chao's family, received between $350,000 and $1 million, according to the filing. A company source told Business Insider the accepted loan was less than $500,000.

Foremost Group, a shipping business owned by Transportation Secretary Elaine Chao's family, received between $350,000 and $1 million, according to the filing. A company source told Business Insider the accepted loan was less than $500,000.
Transportation Secretary Elaine Chao speaks during a major infrastructure investment announcement at transportation headquarters in Washington, Tuesday, Dec. 11, 2018. Jose Luis Magana/AP

Source: MarketWatch

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PF Chang's, a popular chain backed by private equity firm TriArtisan Capital Advisors, was reportedly approved for a loan between $5 million and $10 million. A spokesperson for PF Chang's told Business Insider the PPP loan secured 12,000 jobs in a statement.

PF Chang's, a popular chain backed by private equity firm TriArtisan Capital Advisors, was reportedly approved for a loan between $5 million and $10 million. A spokesperson for PF Chang's told Business Insider the PPP loan secured 12,000 jobs in a statement.
A PF Chang's restaurant in Schaumburg, Illinois. Scott Olson/Getty Images

Source: NBC

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TGI Fridays, which is backed by the same firm as PF Chang's, also received a loan between $5 million and $10 million, according to filings. A representative did not respond to request for comment.

TGI Fridays, which is backed by the same firm as PF Chang's, also received a loan between $5 million and $10 million, according to filings. A representative did not respond to request for comment.
A TGI Fridays location in New York City. John Lamparski/SOPA Images/LightRocket via Getty Images
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Nobu, the luxury sushi and hotel chain founded by actor Robert De Niro and celebrity chef Nobu Matsuhisa, reportedly received between $11 million and $28 million, according to government filings. Nobu did not respond to a request for comment.

Nobu, the luxury sushi and hotel chain founded by actor Robert De Niro and celebrity chef Nobu Matsuhisa, reportedly received between $11 million and $28 million, according to government filings. Nobu did not respond to a request for comment.
Nobu sushi at the brand's Ibiza hotel. Harrison Jacobs/Business Insider
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The national Girl Scouts of America received a loan between $5 and $10 million, the organization confirmed in an email to Business Insider. More than 30 Girls Scout chapters nationwide also received PPP loans, the national organization also confirmed, with chapters like the Girl Scouts of Northern California receiving between $2 and $5 million and the Girl Scouts of Colorado, Connecticut, and Illinois each receiving between $1 and $2 million.

The national Girl Scouts of America received a loan between $5 and $10 million, the organization confirmed in an email to Business Insider. More than 30 Girls Scout chapters nationwide also received PPP loans, the national organization also confirmed, with chapters like the Girl Scouts of Northern California receiving between $2 and $5 million and the Girl Scouts of Colorado, Connecticut, and Illinois each receiving between $1 and $2 million.
Girl Scouts during a Fourth of July parade in San Gabriel, California in 2018. Frederic J. Brown/AFP via Getty Images
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Soho House, the billionaire-backed private members-only club, reportedly received six different loans between $350,000 and $10 million for its Los Angeles, Chicago, Miami, and New York locations, saving 1,996 jobs. It confirmed its PPP loan to Bloomberg.

Soho House, the billionaire-backed private members-only club, reportedly received six different loans between $350,000 and $10 million for its Los Angeles, Chicago, Miami, and New York locations, saving 1,996 jobs. It confirmed its PPP loan to Bloomberg.
A scene from Soho House Miami. Getty Images
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Jeff Koons, the pop art sculptor known for giant balloon animals among other concepts, reportedly received $1 to $2 million for his studio. The studio did not immediately return a request for comment.

Jeff Koons, the pop art sculptor known for giant balloon animals among other concepts, reportedly received $1 to $2 million for his studio. The studio did not immediately return a request for comment.
Jeff Koons in front of his sculpture at the Whitney. Reuters
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