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Companies with Trump connections obtained coronavirus loans for small companies

United States President Donald Trump is hosting an event to reopen schools under the Coronavirus Pandemic (COVID-19) pandemic on July 7, 2020 in the East Room of the White House in Washington, USA.

Kevin Lamarque | Reuters

Several companies linked to President Donald Trump received millions of dollars in government-sponsored aid to small businesses.

Trump is connected to the companies and their executives through business deals with his company, the Trump organization, as well as through financial support for his 2016 presidential election, inauguration, and 2020 re-election campaign.

The finance department and small business administration announced the names of more than 660,000 companies approved for Paycheck Protection Program loans on Monday. Loans went to small and large companies when the coronavirus pandemic hit the country.

Other companies run by people closely associated with the president also received help. An Associated Press analysis shows that up to $ 273 million has been lent to more than 100 Trump-owned or donor-run companies.

G.H. Palmer Associates, a real estate company owned by long-time Trump supporter Geoffrey Palmer, was approved for a loan. The company is known as "G.H. Palmer Inc." on the list of loans that were distributed, but the company's address is the same as that of Palmers real estate company in Beverly Hills, California. The company was approved for a loan of $ 350,000 to $ 1 million.

Trump has been close to Palmer for years. He was one of many corporate executives at Trump's Coronavirus Advisory Board and has provided at least $ 4 million in total for Trump's Super-PAC America First Action, according to the nonpartisan Center for Responsive Politics.

Dezer Development, a real estate company founded by Michael Dezer, states on its website that it has the same address as the Trump International Beach Resort in Miami, Florida. The Dezer website states that the "branded real estate portfolio comprises six Trump brand towers". Dezer received between $ 350,000 and $ 1 million from PPP.

Then there's White Stallion Energy, an Indiana coal mining company owned by Steven Chancellor. The coal manager reportedly met with former EPA chief Scott Pruitt to discuss the weakening of a pollution law. White Stallion gave the Trump opening committee $ 175,000. Below, he is shown shaking hands with Indiana Senator Mike Braun when the President visited the state in 2018. White Stallion saw PPP loans between $ 5 million and $ 10 million.

The business people mentioned in this story did not respond to requests for comments.

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