A whole bunch of Plano firms acquired over $450 million in federal Paycheck Safety Program loans for the reason that starting of the COVID-19 pandemic, based on a restricted launch of information printed by The Dallas Morning Information.
North Texas acquired a complete payout of greater than $6.2 billion. Though the loans may have helped save 800,000 jobs at 15,566 firms, large payouts had been additionally acquired by a few of the area’s largest employers. This system was meant to assist protect small companies with 500 or fewer workers.
Plano ranked third amongst North Texas cities, receiving $455.5 million in loans. Listed below are the highest 5:
- Dallas: $1.9 billion
- Fort Price: $723.5 million
- Plano: $455.5 million
- Irving: $398.1 million
- Arlington: $193.9 million
The Plano companies on the checklist embody a development agency, a janitorial service, an worker advantages administration service, a recreation car (RV) firm and transport firm. Among the Plano companies on the checklist are regional or nationwide with places in Plano.
The payouts ranged from $150,000 to $10 million, however actual quantities had been obtainable. Plano companies receiving the most important loans – from $5 million to $10 million – embody:
- Status Upkeep USA Verdic Options
- Worldventures Holdings
- RPM XConstruction
- Profit Harbor
- Ara Ush Chicago Tenant
- RV Retailer
- RV Retailer II
- NuevoC02 Moore Transport of Tulsa
- Marina Pharmacy Corp.
- Mitra Qsr Kne
- Zoies Kitchen
A database exhibiting companies all through the area that acquired loans is offered right here.
The data was made public following a lawsuit by 10 media organizations. Included had been The Washington Submit, Bloomberg, The New York Occasions and Dow Jones, the guardian firm of The Wall Street Journal.