Minnesota breweries, golf courses and big law firms among recipients of $1 million or more of SBA loan help
July 8, 2020
Though beer sales are up more than 20% in the U.S. during the pandemic, Minnesota's largest brewery received federal assistance worth at least $1 million through the federal Paycheck Protection Program, according to recently released data from the U.S. Small Business Administration.
The loan to August Schell Brewing Co. is just one of many surprises in the list of PPP recipients.
Elite private schools, well-heeled arts organizations and global law firms are among the Minnesota-based employers that received at least $1 million in assistance from the government's largest program aimed at helping beleaguered employers survive the coronavirus. Even some of the Twin Cities' most prestigious country clubs received six-figure help from the program, which has distributed $11.2 billion in assistance to more than 98,000 employers in Minnesota.