Robert De Niro Backed Restaurant Chain Nobu Took 14 PPP Loans

Robert De Niro arrives at the Oscars on Sunday, Feb. 9, 2020, at the Dolby Theatre in Los Angeles. (Photo by Richard Shotwell/Invision/AP)

The high-end sushi restaurant and hotel chain co-founded by actor Robert De Niro accepted as much as $27.7 million in taxpayer-backed loans from the Paycheck Protection Program, according to government filings released Monday.

The nationwide chain, founded by Mr. De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa and film producer Meir Teper, received 14 loans from the federal small business relief program established in response to the coronavirus pandemic, CNBC first reported.

The disclosure by the Small Business Administration provides only a range for the loan sizes instead of precise dollar amounts. The Nobu group, for instance, received as much as $27.7 million or as little as $11 million, CNBC reported.

Some other chains, including Dig Inn, Five Guys, Mod Pizza and Chopt, received PPP loans of at least $5 million, CNBC reported.

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SOURCE: The Washington Times –