Daniel Defense, the corporate that made the rifle a gunman used to kill 21 people inside a Texas elementary school this week, was one in every of a whole lot of gun makers and merchants that got emergency small-business aid from the federal government through the Paycheck Protection Program.
The corporate, based in Ellabell, Ga., received a $3.1 million loan in early April 2020 — just days after the relief fund opened, when many firms were struggling to interrupt through a crush of applications because the pandemic began.
The loan, made by Cadence Bank, was used to support some 200 employees, in accordance with government records. Daniel Defense met this system’s requirements to have its loan forgiven, and it was paid off by the federal government in June 2021.
A Daniel Defense rifle was utilized in the attack on Robb Elementary School in Uvalde, Texas, on Tuesday, in accordance with a state police briefing received by State Senator John Whitmire of Houston. Nineteen children and two adults were killed at the varsity, and several other other children were wounded. The 18-year-old gunman also wounded his grandmother before attacking the varsity.
“We’re deeply saddened by the tragic events in Texas this week,” the corporate wrote in a press release posted on its website. “We are going to cooperate with all federal, state and native law enforcement authorities of their investigations.”
Company representatives didn’t immediately reply to questions on the Paycheck Protection Program loan. The Small Business Administration, which oversaw this system, declined to comment, citing agency policy “spanning multiple previous administrations” to not comment on individual borrowers.
Asked concerning the loan on the White House press briefing on Thursday, Karine Jean-Pierre, the White House press secretary, said it was the primary she was hearing concerning the loan and that she would look into it.
Virtually every small business in America — generally defined by the federal government as those with fewer than 500 employees — qualified for help through the Paycheck Protection Program, which required applicants simply to certify that the “economic uncertainty” attributable to the pandemic made it needed for them to hunt help from the federal government fund.
Daniel Defense is a privately held company, so it doesn’t publicly report its sales, but government data shows that it made significantly more guns in 2020, after the pandemic took hold, compared with a 12 months earlier. The corporate made greater than 51,000 firearms in 2020, and fewer than 32,000 in 2019, in accordance with data from the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Nearly 500 gun and ammunition makers and retailers received federal support through the $800 billion relief program. The industry collectively took in loans totaling $125 million, in accordance with a Recent York Times evaluation of government data.
Twenty-three manufacturers, including Daniel Defense, received loans of $1 million or more. The most important, for $10 million — the utmost loan available through the relief fund — went to RemArms, a Georgia company that acquired assets and a producing facility from Remington after it filed for bankruptcy.