Tom Brady #12 of the Tampa Bay Buccaneers tosses a pass throughout the very first half versus the New Orleans Saints at Raymond James Stadium on November 08, 2020 in Tampa, Florida.
Mike Ehrmann | Getty Images
Tom Brady’s sports efficiency and nutrition business got a Paycheck Protection Program loan of $960,855 from the federal government, according to information launched by the U.S. Small Business Administration.
TB12 Inc., based in Massachusetts, got the loan on April 15, 2020, as part of the small company financing program produced under the $2 trillion CARES Act gone by Congress and the Trump administration in March. The loan was processed by Cambridge Savings Bank.
Brady, a previous quarterback for the New England Patriots of the NFL, began TB12 in 2013. He accepted a two-year $50 million handle the Tampa Bay Buccaneers in March. The business revealed in April prepares to broaden in Tampa, Florida, New York and Los Angeles.
The six-time Super Bowl champ has actually made about $350 million throughout his profession, according to Forbes.
It’s uncertain how TB12 was affected by the coronavirus pandemic and the number of tasks it maintained with the loan. CNBC has actually connected to the business for remark.
More than 500 sports-related business got funds of $150,000 or more from the SBA program, according to the Sports Business Journal.
The Los Angeles Lakers, among the NBA’s wealthiest franchises, got $4.6 million in federal loans in April however returned that cash upon discovering that funds from the program went out.
