Tom Brady Got A Huge PPP Loan? NFL Legend Paid For TB12 Sports Company

NFL legend Tom Brady’s sports company TB12 INC. secured an almost $1 million Paycheck Protection Program (PPP) loan from the federal government amid the coronavirus pandemic.

Though reports of Brady’s PPP loan was initially revealed in July, the amount was unknown. Data released by the U.S. Small Business Administration in December revealed that TB12 received $960,855.

The PPP loan for TB12 comes after Congress and President Trump passed the $2 trillion CARES Act. As part of the relief package, a portion of the money was used to help small businesses that were affected by the pandemic.