NFL Superstar Tom Brady’s Company Received Almost 1 MIL in PPP Loans

According to recent data released from the United States Small Business Administration, several of Tom Brady’s companies received $960,855 from the feds in PPP loans.

Tom Brady’s businesses are not the only fitness focused businesses to receive aid from the federal government’s programs, more than 500 sports related companies have received funds of 150,000 or more from the SBA program according to reports from the Sports Business Journal.

According to CNBC:

Tom Brady’s sports performance and nutrition company received a Paycheck Protection Program loan of $960,855 from the federal government, according to data released by the U.S. Small Business Administration.

TB12 Inc., based in Massachusetts, received the loan on April 15, 2020, as part of the small business lending program created under the $2 trillion CARES Act passed by Congress and the Trump administration in March. The loan was processed by Cambridge Savings Bank.

The Tampa Bay Quarterback and 6-Time NFL Super Bowl Champion is considered to be worth hundreds of millions of dollars and recently signed a contract for 2 years and 50 million dollars.