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Maximum PPP loan went to Rep. Budd's family's business
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The Winston-Salem business belonging to the family of Rep. Ted Budd (R), NC-13, received a maximum $10 million Paycheck Protection Program loan, according to newly released federal data.
Records show The Budd Group, a facility services business that employees about 500 people, received approval for its $10-million PPP loan on May 13.
A spokesperson for the congressman said Rep. Budd hasn't had any ownership in The Budd Group since 2003 "long before he got into politics in 2016."
Records show The Budd Group, a facility services business that employees about 500 people, received approval for its $10-million PPP loan on May 13.
A spokesperson for the congressman said Rep. Budd hasn't had any ownership in The Budd Group since 2003 "long before he got into politics in 2016."
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