Nobu, the international luxury chain of sushi restaurants and hotels, took up to $28 million in loans from the U.S. small business relief program as part of the Paycheck Protection Program (PPP), according to recently released government filings.
The chain, which includes 46 restaurants and 13 luxury hotels across the world, was co-founded by actor Robert De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa, and film producer Meir Teper. Nobu took 14 loans totaling as much as $27.7 million, CNBC reported. Because the Small Business Administration (SBA) provides only a range for loan sizes instead of precise dollar amounts, however, the Nobu group may have received as little as $11 million, CNBC said.
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