SALT LAKE CITY — Unlike the Los Angeles Lakers, the Utah Jazz did not seek or accept a federal loan designed to help small businesses stay afloat during the coronavirus pandemic.
Larry H. Miller’s automotive franchise dealerships qualified for loans under the Paycheck Protection Program to pay and retain as many employees as possible. But no other parts of the Larry H. Miller Group of Companies, including the Jazz, Salt Lake Bees, Vivint Smart Home Arena and Megaplex Theatres, participated in the application process, said CEO Steve Starks.
The applications were strictly limited to the company’s auto dealerships because that’s what the guidance was from the Treasury Department and the Small Business Administration, he said.