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Joe Biden’s son-in-law who started a healthcare investment firm received more than $350,000 in forgivable loans from the Paycheck Protection Program (PPP), according to Breitbart News.
StartUp Health, a medical-focused investment and consulting firm received between $150,000 and $350,000 in April from the coronavirus relief program.
The company is reportedly partly run by Dr. Howard Krein, Ashley Biden’s husband.
The news was first reported by The Wall Street Journal on Friday, July 31.
“While his son-in-law’s company received a PPP loan to support the workers at his small business, Biden falsely claimed the program only helped big corporations,” Tim Murtaugh, the Trump campaign’s director of communications, said in a statement.
According to funding disbursement data, the PPP program indicates that StartUP Health received the sum in the form of a potentially forgivable loan meant to protect 18 jobs within the company.
“Make no mistake, we’re still in a deep, deep job hole because Donald Trump has so badly bungled the response to coronavirus,” Biden said last month.
More from Breitbart News:
The revelations about StartUp Health’s loan comes as Biden castigates President Donald Trump on the campaign trail for not doing enough to mitigate the economic fallout of the pandemic. In particular, Biden has accused Trump of putting the interests of big corporations first when it comes to coronavirus relief, even alleging the incumbent has “forgotten” about small businesses as the virus rages across much of the country.
Given the former vice president’s rhetoric, the Trump campaign seized on the news of StartUp Health’s PPP loan, suggesting if Biden had issues with the White House’s coronavirus relief efforts his family should “return the money to the taxpayers.”
