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The Tampa Bay Buccaneers quarterback Tom Brady found a way to pick up an extra $1 million in 2020.
TB12 Inc., Brady’s company, received a Paycheck Protection Program (PPP) loan of nearly $1 million from the federal government. Data published by the Small Business Administration in December revealed TB12 Inc. received a loan of $960,855 in 2020.
News Brady’s company received a PPP loan broke in July, but the exact amount the company received was not known until December. Prior to the Small Business Administration data, TB12 Inc. was listed as part of the $350,000 to $1 million tier.
In March, Congress and President Donald Trump passed a $2 trillion relief package aimed at helping small businesses and individuals struggling due to the COVID-19 pandemic. PPP loans were intended to support small businesses that were negatively affected due to the pandemic. Businesses had to apply in order to receive a loan.
TB12 Inc. sells apparel, nutritional supplements and workout equipment. Clients can also book appointments with “TB Body Coaches” at training centers in Foxborough and Tampa.
Tom Brady is reportedly worth about $200 million
Throughout his 21-year career, Brady has made over $200 million in earnings. In January, Fox Business estimated Brady was worth about $180 million. Forbes named Brady the 21st highest-paid athlete in May. That figure was based on both Brady’s salary and endorsements.
Brady’s wife — supermodel Gisele Bundchen — had a net worth of roughly $400 million last year.
Brady is not the only athlete whose company received a PPP loan. Boxer Floyd Mayweather and MLB agent Scott Boras also received PPP loans for their businesses.
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