Dr. Phil received $7M in PPP loans  while son splurged on $10M home

 pagesix.com  07/09/2020 01:57:18   Sara Nathan

Dr. Phils production companies got up to $7 million in government aid loans during the pandemic  while his son splashed out on a $10 million Beverly Hills, Calif., mansion, Page Six has learned.

According to newly released documents, Dr. Phils production companies received up to $7 million from the paycheck protection program, the massive federal plan designed to help small businesses ride out the financial crisis caused by the coronavirus.

Stage 29 Productions, run by Phil McGraw and his son Jay McGraw, got a loan valued at between $1 million and $2 million. The company makes programs, including Dr. Phils eponymous talk show and DailyMailTV, and was on a list of recipients disclosed on Monday by the Small Business Administration.

Dr. Phils other production company, Peteski Productions, also got a loan valued at between $2 million and $5 million, the government agency reported.

On the same day those numbers were reported, Variety reported Phils youngest son, aspiring rock star Jordan  who is engaged to reality-TV star and E! host Morgan Stewart  had paid $10 million in cash for a 6,500-square-foot mansion in the exclusive Trousdale Estates neighborhood of Beverly Hills.

There is no link whatsoever between the loans and the home purchase. But after TV sources pondered why the family needed to ask for the government handout, sources close to the star stressed that Dr. Phils companies requested the cash to protect their employees  and the loans had nothing to do with Jordans house.

This all comes after Dr. Phil apologized in April for questioning on Fox News why lockdowns were necessary when we dont shut the country down for deaths from car accidents and swimming pools. He wrongly claimed 360,000 people die in swimming pools in the United States every year.

Dr. Phil declined to comment.

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