CAKE Boss star Buddy Valastro took out over $ 2.3 million in loans for his bakeries during the pandemic, despite an estimated net worth of $ 10 million.
The sun can exclusively reveal friendThe 44-year-old woman received 17 PPP loans, which is a business loan program for emergency relief during the coronavirus pandemic, totaling $ 2,382,317.
Carlo’s Bakery Cake headquarters in Jersey City, NJ was approved for a $ 493,439 PPP loan in April 2020.
In the second round, the company received another $ 493,437 loan in February 2021.
Buddy, whose real name is Bartolo, listed the “payroll” for 50 jobs when asked how the loan would be used.
Hoboken, NJ, received $ 114,107 for the first round in April 2020 and the same amount for the second round of loans in February 2021 to pay wages to 26 jobs and utilities.
The April 2020 loan was “forgiven” in the amount of USD 115,413 including interest.
Carlo’s Bakery in Marlton, NJ received $ 35,570 in a second round in February 2021 for 12 employees receiving wages and utilities.
Carlo’s Bakery in Manhattan has been approved for a $ 265,284 PPP loan in April 2020 to fund salaries.
A second loan of $ 265,285 was disbursed in March 2021 for 20 wage jobs.
The Sands Bethlehem Pennsylvania location was approved to pay $ 57,039 in wages for 11 jobs in April 2020.
The store received $ 57,040 in a second round of PPP loans in March 2021.
In April 2020, a bakery in Philadelphia received $ 34,841 for 11 paid jobs.
Carlo’s bakery in Mohegan Sun in Connecticut received $ 58,105 for 11 wage and utility jobs in a second round of loans in March 2021.
While Buddy received $ 44,281 for his Dallas establishment in April 2020, the PPP loan did not save the bakery as it closed in December 2020.
A store in La Plaza, Texas, received a $ 47,604 PPP loan in April 2020 for 11 wage jobs.
Carlo’s bakery at The Shops in La Cantera, Texas received approval for a $ 53,393 PPP loan in April 2020.
Las Vegas received $ 123,465 in its first round of loans in April 2020, and a bakery in Santa Monica, California received $ 58,170 on the same day.
The Orlando, Florida office received a $ 67,150 loan in a second round in March 2021.
Buddy has a net worth of $ 10 million.
But the pandemic is not the only problem for the baker, as he in September 2020 suffered from a “terrible” bowling accident. at his home in New Jersey, which caused him to undergo five surgeries.
Buddy’s spokesman said People: “There was a malfunction of the bowling pinsetter, common in the past, but it turned into a terrible accident.
“After trying to free the pins from the cage mechanism, his right hand got stuck and squeezed inside the device.
“Unable to remove his hand, he can slowly see a 1-1 / 2 metal bar and repeatedly poke his hand three times between his ring and middle fingers.”
Sons of Buddy Buddy Jr. and Marco used a saw “Cut through the metal rod and free the father from the car.”
Cake Boss aired from 2009 to 2017 on TLC, Food Network, and Discovery Family.
In 2019, the father of four on the Food Network had a competition show called Bake You Rich.
He currently stars in the Food Network series Buddy W. Duff, which will premiere its third season on Sunday.