Hundreds of Irving companies pulled in millions in federal Paycheck Protection Program loans since the beginning of the COVID-19 pandemic, according to a limited release of data made public Monday.
In North Texas, the total payout was more than $6.2 billion. The data shows the loans may have helped save 800,000 jobs at 15,566 companies, but they also gave massive payouts to some of the region’s biggest employers under a plan designed to help small businesses.
Irving’s $398.1 million in loans for about 300 companies was good for the fourth-most of any city in North Texas. Here are the top five:
- Dallas: $1.9 billion
- Fort Worth: $723.5 million in loans
- Plano: $455.5 million
- Irving: $398.1 million
- Arlington: $193.9 million
Each payout ranged from $150,000 to $10 million, but no exact amounts were given for any of the loans. The following Irving-based companies received the largest loans, which were between $5 million and $10 million.
- The University of Dallas
- Pei Wei Asian Diner
- CEC Facilities Group
- Chaac Pizza Midwest, which operates Pizza Hut locations
- Team Car Care East
- M Crowd Restaurant Group, which operates Mi Cocina and Taco Diner
- Bioworld Merchandising, an apparel and accessory manufacturer
- RailPros Field Services
- OTB Acquisition, which operates On The Border Mexican Grill and Cocina
- Ethos Group Resources
- Davaco, which works in brand management
- Respiratory Sleep Solutions
- FDL Capital
- JPI Employment Services
The program defined a small business as having no more than 500 employees. Of the Irving-based businesses named in the database, nine had around 500.
The administration also released data on loans for less than $150,000 but did not share the names of the businesses that received them. That list includes another 337,000 loans to Texas businesses that total nearly $11.4 billion.
This data was made public after a lawsuit from 10 media organizations, including The Washington Post, Bloomberg, The New York Times and Dow Jones, the parent company of The Wall Street Journal.
Search by city to see which other Irving-based businesses received loans.
