Companies Tom Brady and Floyd Mayweather received PPP loans

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Companies owned by the NFL superstar Tom Brady and boxer Floyd Mayweather received loans under the federal government’s Paycheck Protection Program, according to data released Monday by the US Small Business Administration.

Brady’s fitness brand, TB12 Inc., received loans of between $350,000 and $1 million, according to the data. TB12 Performance and Recovery Centers in Boston and Foxboro, Mass., were forced to close in mid-March during the coronavirus pandemic.

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Besides fitness centers, TB12 offers virtual workout services and an online store that sells a variety of health-related substances. Brady founded the brand in 2013 and is set to open a factory in Florida, after signing a two-year, $50 million deal with the Tampa Bay Buccaneers.

Representatives for TB12 did not immediately respond to a request for comment.

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Las Vegas-based Mayweather Promotions also received a loan of between $350,000 and $1 million. Founded in 2007, the promotion company counts boxers Badou Jack and Gervonta Davis among its clients.

Mayweather is one of the highest paid athletes in the world, earning $915 million from 2010 to 2017, according to Forbes. Mayweather Promotions did not immediately return a request for comment.

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More than 4.9 million small businesses have received about $521 billion in aid through PPP, an assistance fund to help businesses weather financial difficulties during the pandemic. The loans are repayable as long as 60% of the money has been used to maintain payroll.

Brady and Mayweather were among several sports figures and organizations to seek PPP aid in recent weeks. Candidates include several Major League Soccer and NASCAR teams, US Olympic sports organizations and several boxing companies, including legendary promoter Bob Arum’s Top Rank.

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