Daniel Defense, the corporate that made the rifle a gunman used to kill 21 individuals inside a Texas elementary faculty this week, was one in all lots of of gun makers and retailers that received emergency small-business help from the federal authorities by means of the Paycheck Protection Program.
The firm, based mostly in Ellabell, Ga., obtained a $3.1 million mortgage in early April 2020 — simply days after the aid fund opened, when many firms have been struggling to interrupt by means of a crush of functions because the pandemic started.
The mortgage, made by Cadence Bank, was used to assist some 200 staff, based on authorities information. Daniel Defense met this system’s necessities to have its mortgage forgiven, and it was paid off by the federal government in June 2021.
A Daniel Defense rifle was used within the assault on Robb Elementary School in Uvalde, Texas, on Tuesday, based on a state police briefing obtained by State Senator John Whitmire of Houston. Nineteen kids and two adults have been killed on the faculty, and a number of different kids have been wounded. The 18-year-old gunman additionally wounded his grandmother earlier than attacking the varsity.
“We are deeply saddened by the tragic events in Texas this week,” the corporate wrote in a press release posted on its web site. “We will cooperate with all federal, state and local law enforcement authorities in their investigations.”
Company representatives didn’t instantly reply to questions concerning the Paycheck Protection Program mortgage. The Small Business Administration, which oversaw this system, declined to remark, citing company coverage “spanning multiple previous administrations” to not touch upon particular person debtors.
Asked concerning the mortgage on the White House press briefing on Thursday, Karine Jean-Pierre, the White House press secretary, stated it was the primary she was listening to concerning the mortgage and that she would look into it.
Virtually each small enterprise in America — typically outlined by the federal government as these with fewer than 500 staff — certified for assist by means of the Paycheck Protection Program, which required candidates merely to certify that the “economic uncertainty” brought on by the pandemic made it vital for them to hunt assist from the federal government fund.
Daniel Defense is a privately held firm, so it doesn’t publicly report its gross sales, however authorities knowledge exhibits that it made considerably extra weapons in 2020, after the pandemic took maintain, in contrast with a yr earlier. The firm made greater than 51,000 firearms in 2020, and fewer than 32,000 in 2019, based on knowledge from the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Nearly 500 gun and ammunition makers and retailers obtained federal assist by means of the $800 billion aid program. The business collectively took in loans totaling $125 million, based on a New York Times evaluation of presidency knowledge.
Twenty-three producers, together with Daniel Defense, obtained loans of $1 million or extra. The largest, for $10 million — the utmost mortgage out there by means of the aid fund — went to RemArms, a Georgia firm that acquired belongings and a producing facility from Remington after it filed for chapter.
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