WASHINGTON, D.C. – An analysis from government watchdog Accountable.US of last week’s major, court-mandated data drop of SBA Paycheck Protection Program loan recipients found that at least twenty-five organizations designated as hate groups by the Southern Poverty Law Center received approximately $4.8 million in forgivable PPP loans from the Trump administration, including vile white nationalist groups New Century Foundation and VDARE Foundation.
“For the thousands of small business owners of color who were unable to access a single dollar of relief, it adds insult to injury that dozens of hate groups easily marched away with millions of tax dollars from the Trump administration,” said Kyle Herrig, president of Accountable.US. “It’s painfully obvious why the Trump SBA fought so hard to keep the public in the dark about the indefensible activity going on behind the scenes. This should be all the wakeup call Congress needs to ensure the same mistakes are not repeated in the next stimulus and that aid is actually targeted to those most in need, not those who traffic in hate and division.”
Accountable.US has been tracking the administration’s failure to get aid to those who need it most on its website, www.COVIDBailoutTracker.com, where the new SBA PPP data as well as all previously publicly released PPP data and additional CARES Act program spending is posted in a searchable format.
OTHER KEY FINDINGS:
- White Nationalist “Think Tank” New Century Foundation Got $52,000 In PPP Money, Even Though They Host Conferences For “Klansmen, Neo-Nazis, And Other White Supremacists.”
- The VDARE Foundation – Publisher Of White Nationalist Website VDARE.com – Got $1,000 In Economic Injury Disaster Loan Money Despite Routinely Publishing Anti-Semitic And Anti-Immigrant Writer
- VDARE Publisher Peter Brimelow Was Invited To A Birthday Party For President Trump’s Top Economic Adviser Larry Kudlow—After Kudlow Tried To Dismiss The Association, Brimelow Said “‘Apparently We’re Not Supposed To Have Personal Friends Anymore.’”
While the PPP program was intended to serve as a lifeline for businesses struggling to hang on through the ongoing economic crisis, the Trump administration’s flawed design and implementation of the program quickly led to large, well-connected businesses, fraudsters and even hate groups running away with taxpayer support as many truly struggling small businesses — especially in communities of color — were unable to access a single dollar of aid.