Yeezy Reportedly Got Federal Pandemic Loan of Over $2 Million
Written by SOURCE on July 6, 2020
On Monday, the Small Business Administration disclosed that Yeezy received a loan of more than $2 million through the Paycheck Protection Program intended to keep small businesses from having to lay off employees as a result of financial hardships caused by the coronavirus pandemic.
This news came after the SBA unveiled a list of companies that had applied for (and received) their funds. This list was originally intended to be confidential, but it was made public after several Democrats had demanded that the process have more transparency.
According to The Hollywood Reporter, the administration said the loan to Yeezy was somewhere within the $2-5 million range.
In response the company says they were able to save 160 jobs as a result of the government-backed cash.
This story will be updated.
