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Dr. Phil’s Production Company Received $7M in PPP Loans

FILE - This Feb. 21, 2020 file photo shows talk show host Dr. Phil McGraw speaking during a ceremony awarding him with a star on the Hollywood Walk of Fame in Los Angeles. The “Dr. Phil” daytime talk show will tape without a studio audience for roughly two weeks as a precaution against the new coronavirus. The show typically tapes with an audience of about 300 people at Paramount Studios in Los Angeles. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus. According to the World Health Organization, people with mild illness recover in about two weeks, while those with more severe illness may take three to six weeks to recover. (AP Photo/Chris Pizzello, File)

The government is helping small businesses through their paycheck protection program, but some not so small businesses are receiving large lump sums.

Dr. Phil’s production company received up to $7 million from the PPP. His other company, Peteski Productions, received between $2 million and $5 million in government loans.

On that same day, the talk show host’s son, Jordan, splurged $10 million in a 6,500-square-foot mansion.

The home and loan aren’t connected but it was an eyebrow raiser that Dr. Phil’s company requested cash. But they claim it was to protect their employees.

Dr. Phil recently apologized for questioning why a lockdown was necessary but “we don’t shut the country down” for deaths from car accidents and swimming pools.

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