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Covid-19 pandemic reports Music Roses

Kanye West’s Yeezy Brand Received Millions From Federal Pandemic Loan, Along With Eagles, Guns N’ Roses & Other Music Acts

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Kanye West and his Yeezy brand have leaned on the Paycheck Protection Program in the U.S. to ease the burden of COVID-19. RELATED: Meghan McCain Takes Swipe At Kanye West Yeezy received a loan “between $2 million and $5 million,” according to the Small Business Administration via The Hollywood Reporter.

Yeezy disclosed that 160 jobs were saved thanks to the program. The program was introduced to help businesses struggling during the novel coronavirus pandemic.

The loans are forgivable but the amount of forgiveness is reduced if companies reduce their number of full-time employees or cut wages by more than a quarter.

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Covid-19 pandemic reports Music Roses
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