Around 100 Southlake 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.
The businesses in these five cities in North Texas received the most money from the program.
- 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 Southlake-based companies received the largest loans, which were between $5 million and $10 million.
- Piccadilly Holdings, which owns Piccadilly Restaurants
- Andrews Logistics Texas, which works in bulk liquid transportation
The program defined a small business as having no more than 500 employees. Of the Southlake-based businesses named in the database, four had around 500 — Barracuda Restaurant Holdings, Tall Timbers Pizza Hut, OK Restaurant Holdings and Piccadilly Holdings.
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 Southlake-based businesses received loans.
