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It offers the most complete accounting to date of the more than $700 billion in forgivable loans Congress and the Trump administration introduced in the spring for expenses including payroll, rent, utilities and mortgage interest payments.
Businesses and nonprofits with up to 500 employees were eligible. The maximum forgivable loan offered was $10 million.
When the first round of funding opened, NBC 5 reported restaurants, which were hit especially hard by pandemic-related shutdowns and capacity limits, scrambled to get their applications in.
According to the SBA’s records, nine North Texas-based restaurant chains received the maximum $10 million loan.
The list includes Zoe’s Kitchen, Pei Wei, On the Border and the M Crowd Restaurant Group which owns Mi Cocina and Taco Diner.