Trump Donor Whose Hotels Won Small-Business Loans Returns Money
- Monty Bennett companies pocketed $70 million in loans
- Bennett says changing rules means companies may not qualify
This article is for subscribers only.
A major donor to President Donald Trump whose companies are among the biggest known recipients of rescue loans for small businesses hurt by the coronavirus outbreak said he will return the money.
Texas hotelier Monty Bennett, whose companies own 130 properties across the country, said Saturday that he will return the loans provided under the Small Business Administration’s Paycheck Protection Program, which is intended to help keep workers employed. Bennett said new restrictions meant those companies may no longer qualify.