The Nobu group of luxury sushi restaurants and hotels took 14 loans from the U.S. small business relief program for as much as $28 million, according to government filings. The chain,founded by actor Robert De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa, and film producer Meir Teper, got funding for properties scattered across the country, from California to Texas and New York, according to data released Monday.
Restaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government’s response to the economic impact of the coronavirus pandemic. The news that big, well-funded chains like Shake Shack and Ruth’s Hospitality Group had initially gotten loans set off a furor in April, prompting the administration to warn companies to make sure they qualified for the program.
However, the Nobu group appears to be one of the bigger beneficiaries of the program, getting at least $11 million and as much as $28 million. The disclosures give a range for the loan sizes, making a precise tally impossible. The New York Business Development Corporation was listed as the bank that processed the loans.
Emails to Nobu representatives weren’t immediately returned.
Stay tuned to The Trump Times for the latest breaking news