Since the onset of the coronavirus pandemic, small businesses have received more than $ 521 billion in relief funds from the U.S. government.
On Monday, for the first time, the government announced who got the money.
The Small Business Administration and Treasury Department has unveiled a partial but sprawling data mine on companies receiving paycheck protection program loans, which began in early April and were expected to last until the end of June , before the Senate votes last week to extend the deadline to August 8.
At least 37 companies in Hillsborough, Pinellas, Pasco, Manatee, Polk, Hernando and Citrus counties received $ 5-10 million, including Crown Auto Dealerships, Lazydays RV and the Tampa office of Morgan & Morgan. Tampa Bay businesses in this aid lineup have reported more than 12,000 “jobs retained,” according to Treasury data.
Almost 250 additional companies in those counties received between $ 2 million and $ 5 million, including entities that operate sites such as Bern’s Steak House, Columbia, Lowry Park Zoo, the David A. Straz Jr. Center for the Performing Arts and The Original Hooters in Clearwater. .
Together, the Tampa Bay businesses that received at least $ 2 million in aid received at least $ 685 million combined – probably a lot more – and that’s before factoring in tens of thousands of other businesses. communities who received less than $ 2 million each.
Florida companies have received 393,028 loans totaling $ 32 billion through June 30, according to the Treasury. The number of loans is just behind California, and the dollar number is fourth, behind California, Texas and New York.
By another measure, however, Florida did better than anyone – 96 percent of applicants’ payrolls were covered by loans, according to the Treasury, the highest percentage of any state. Loans do not have to be repaid as long as they are used for specific expenses, such as employee salaries.
Monday’s list is far from a complete picture of who has what. The government released names and addresses only for organizations that received more than $ 150,000 – and even then, only ranges, not specific dollar numbers. Premium loans account for almost 75 percent of the money granted so far, but only 14 percent of the total number of loans.
The vast majority of loans, about 86%, went to businesses receiving $ 150,000 or less – and these were not identified by name. Nationally, more than 291,000 went to businesses receiving $ 100,000 to $ 150,000; over 673,000 went to businesses receiving $ 50,000 to $ 100,000; and $ 3.26 million went to businesses receiving $ 50,000 or less. Together, these small loans still total $ 92.28 billion in aid.
In Florida, restaurants got 4.5% of loans, the most of any category, followed by personal services (such as hair and nail salons), law firms, consulting services and medical offices.
“It kept us going,” said Neil Kiefer, president and CEO of the Hooters Management Group, which raised just under $ 3 million.
The company – which operates the Original Hooters in Clearwater and more than two dozen sites in Tampa Bay, New York and Chicago – has slashed its payroll by 40 or 50 percent through layoffs, time off and pay cuts. (This does not include the approximately 1,800 servers.)
“We didn’t apply right away,” Kiefer said, “but when we were ordered to close our restaurants for dinner here in Florida, it was blatantly obvious that we weren’t going to have any income to keep people at work. “
The same was true at the historic Columbia restaurant in Ybor City, which closed and relied on federal funding to help staff.
“This has enabled our 115-year-old family business to help our 1,400 employees during this crisis,” the owners of the Columbia said in a statement Monday. “Because of that, we were able to pay them when we were forced to close for at least two months and prepare to reopen – just as the program was designed. “
Among those who expressed concerns about the extension of the loan application program last week: Senator Rick Scott, R-Naples, who proposed an amendment allowing loans only to companies that can document “a substantial reduction in loans. income ”. The amendment was not adopted.
“Sen. Scott is grateful that the Paycheck Protection Program has helped so many small businesses in Florida and across the country stay afloat during this unimaginable time,” spokeswoman Sarah Schwirian said in an e-mail. mail.
She said Scott did not want businesses that were not affected by the pandemic to receive repayable federal funding, “which takes money away from those who really need it.”
“He was disappointed that (the amendment) was not included in the extension. He will continue to work to ensure that those affected by this crisis get the help they need. “
Across Florida, 1,180 companies received between $ 2 million and $ 5 million; 2,855 received between $ 1 million and $ 2 million; 11,987 received $ 350,000 to $ 1 million; and nearly 26,000 received between $ 150,000 and $ 350,000.
Numerous loans have been made to companies that have already suffered layoffs, holidays and pay cuts. In April, for example, Global Widget, LLC of Tampa, informed the state that it was making temporary leave permanent for 67 employees. According to the Treasury, Global Widget has received between $ 2 million and $ 5 million in loans.
The Times Holding Company, which includes Tampa Bay Times and related publications, received $ 8.5 million.
So far, Kiefer’s dozen Hooters Management Corporation properties in Tampa Bay have sacked nearly 100% of their workforce, earning about 75% of their earnings before the pandemic. Restaurants in Chicago and New York are recovering more slowly, Kiefer said, but are on their way back.
“It’s nice to be able to bring people back to work and pay them,” Kiefer said. “But of course, with the current route the coronavirus can take, who knows if there will be another stop?”
The biggest winners
Fewer than 5,000 companies nationwide received between $ 5 million and $ 10 million, for a total of nearly $ 34 billion. Almost 200 of them were in Florida, including 37 in Hillsborough, Pinellas, Pasco, Manatee, Polk, Hernando and Citrus counties. They include:
AgileThought LLC, Tampa
APG Electric, Inc., Clearwater
Ardurra Group, Inc., Tampa
Avesta Homes, LLC, Tampa
Bentley Global Resources, LLC, Tarpon Springs
Bisk Education, Inc., Tampa
Buffalo Lodging Associates, LLC, University Park
Butler Weihmuller Katz Craig, LLP, Tampa
Central maintenance and welding, Lithia
Crown Auto Dealerships, Inc., St. Pete
DSK Resourcing, Inc., Homosassa
Florida Medical Clinic LLC, Zephyrhills
GA Food Services of Pinellas County, St. Petersburg
Gardner-Gibson, Inc., Tampa
Geographic Solutions, Inc., Palm Harbor
Harrell’s, LLC, Lakeland
Healthesystems, LLC, Tampa
Hillcour, Inc., Tampa
HSP Southern Healthcare LLC, Tampa
Tampa JTS Companies, LTD, Tampa
Keenan, Hopkins, Schmidt, Stowell Contractors, Inc., Tampa
LDRV Holdings Corp., Seffner
Buckle, LLC, Clearwater
MS Industrial, LLC, Lakeland
McNICHOLS Company, Tampa
Morgan & Morgan, Tampa PA, Tampa
Orthopedic Solutions Management, Temple Terrace
Three Star Phase, LLC, DBA Hardees, Tampa
Physician Partners of America LLC, Tampa
Pinnacle Home Care Holdings, LLC, Oldsmar
Precision Personnel, Inc., Clearwater
Regal Automotive Group, Inc., Lakeland
System Soft Technologies, LLC, Tampa
Tampa Bay Systems Sales Inc., Tampa
Taw Holdings Group, Inc., Riverview
Times Holding Company, St. Petersburg
US Water Services Corporation, New Port Richey
Times writer Ian Hodgson contributed to this report.
Corrections: McLain Foods Inc. of St. Petersburg received a loan between $ 150,000 and $ 350,000. Harmony Healthcare, LLC, withdrew their application during the loan process. Due to errors in federal government data, earlier versions of this story incorrectly stated that companies received between $ 5 million and $ 10 million.
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