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33 PPP loans, one company: How a WA drive-thru coffee chain got millions in COVID-19 funds
Kristine Sherred
© Provided by KIRO Seattle
A chain of drive-thru coffee stands in Western Washington received $2.5 million from the Paycheck Protection Program, a prime example of how the pandemic relief bill intended for small businesses benefited companies with deeper pockets and better financial connections.
Bigfoot Java had more than 30 locations in seven Washington counties when the pandemic hit last spring, and each received an individual PPP loan, averaging $74,000. An associated real estate and investment company, Bigfoot Properties and Bigfoot Investment Group, also received separate loans. The company employs more than 500 people, an average of 16 employees per location, based on jobs reported in Small Business Administration data and information from former employees. ....

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