Tom Brady Got A Huge PPP Loan? NFL Legend Paid For TB12 Sports Company

NFL legend Tom Brady’s sports company TB12 INC. secured an almost $1 million Paycheck Protection Program (PPP) loan from the federal government amid the coronavirus pandemic.

Though reports of Brady’s PPP loan was initially revealed in July, the amount was unknown. Data released by the U.S. Small Business Administration in December revealed that TB12 received $960,855.

The PPP loan for TB12 comes after Congress and President Trump passed the $2 trillion CARES Act. As part of the relief package, a portion of the money was used to help small businesses that were affected by the pandemic.

Brady co-founded TB12 in 2013. The company provides a more holistic approach to health and wellness.

TB12 promises to help clients implement the same techniques that have helped the athlete win his Super Bowl six times. Along with selling nutritional supplements and apparel, TB12 also offers customers the option of booking appointments to meet with “TB Body Coaches” at training centers located in Foxborough and Tampa.

In April, the company announced it would be expanding to New York and Los Angeles.

The PPP loan for Brady's company national drew interest due to his personal wealth.

Prior to signing a two-year $50 million deal with the Tampa Bay Buccaneers, Brady played 20 seasons with the New England Patriots and was one of the sport's highest-paid players.

Brady’s net worth was estimated at $350 million by Forbes.

Although TB12 received the PPP loan, it is unclear how the company has been affected by the pandemic, and how many jobs were saved following approval.