Federal PPP Loans May Have Saved 200K Tarrant County Jobs

Curt Lewis
July 07, 2020 - 6:22 am
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    The federal government's Paycheck Protection Program may have kept over 200,000 people working in Tarrant County alone. 

    The Trump administration's data released Monday shows at least 4,000 Tarrant County businesses took out PPP loans of $150,000 or more to keep the doors open during Coronavirus shutdowns.

    About 500 of those companies received a million or more. 

    The recipients include private firms like well known restaurants such as Joe T. Garcia's and night spots like Billy Bob's.

    The Grapevine-based restaurant chain Cotton Patch Cafe received at least $5 million. 

    Private schools and churches received loans, often to keep paying the teachers in their pre-schools.

    Also receiving loans were other non-profits like Catholic Charities, the Fort Worth Boys & Girls Clubs, the Fort Worth Symphony and the Tarrant Area Food Bank.