Top Stories

Kanye West Received Over 2 Million From Federal Pandemic Loans

Kanye West Received Over 2 Million From Federal Pandemic Loans

Kanye West‘s brand, Yeezy, benefited from the Paycheck Protection Program.

The Hollywood Reporter says that the Small Business Administration is reporting that Kanye and Yeezy received over two million dollars in loans amid the pandemic.

The company received a loan “between $2 million and $5 million”, the SBA shared in a release, and Yeezy also disclosed that it saved 160 jobs because of the program.

The PPP is meant to help businesses struggling during the novel coronavirus pandemic. The loans are forgivable if businesses spend the funds on eligible costs, but the amount of forgiveness is reduced if a company reduces the headcount of full-time employees or cuts pay by more than 25 percent.

Over the weekend, Kanye made headlines when he announced he was running for the Presidency this year.

However, it seems like he’s already at a disadvantage in the race for the position.

Just Jared on Facebook
Photos: Getty
Posted to: Kanye West

JJ Links Around The Web

Photo of Private: JJ Links Around The Web
Getty Images
  • Is this the next shoe design Kanye West will be releasing? - TMZ
  • This model has been cast as Little Richard in the Elvis biopic - Just Jared Jr
  • Teen Mom 2 star Chelsea Houska has welcomed baby No. 4 - TooFab
  • Get the scoop on Demi Lovato's new TV role - Just Jared Jr