Big Malibu Restaurants Got Big Paycheck Protection Program Loans

Written by on July 7, 2020

As you may have heard on the national news … a group called the Small Business Association has released the federal government’s list … names of businesses that have received emergency Paycheck Protection Program loans.

These are loans … which probably will turn into federal grants … designed to keep people employed.

Among major PPP recipients in Malibu are several familiar businesses.

Nobu … the Malibu Conference Center … and Saddle Peak LLC all received PPP loans of between 2 and 5 million dollars.

The Malibu Beach Inn … and at least rehab center in central Malibu … got between 1 and 2 million dollars.

Dukes … the Shoho Little Beach House … Moonshadows and several other recovery centers got between 350 thousand and one million dollars.

Again … these were emergency loans to keep employees working.

And this is a very partial list .. as any companies are hidden under anonymous limited liability corporate shells.

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