Kanye West’s company Yeezy received a $2million-$5million loan from the government meant to bail out small businesses struggling during the coronavirus pandemic.
The Small Business Administration revealed Monday that the loan helped Kanye’s sneaker and clothing brand save 160 jobs.
The Paycheck Protection Program is meant to help small businesses with 500 employees, or less pay their workers, and save jobs.
But there was controversy earlier this year when big chains like Pot Belly and Shake Shack qualified for the program through a loophole and used up the funds.
Other well-known fashion brands, including Oscar de la Renta and Vera Wang, also got loans between $2 million and $5 million, the SBA revealed.
The news of West’s Yeezy Brand loan comes after Kanye announced his partnership with the GAP, which will have the rapper design clothing sold in over 1,000 stores around the world.
This also comes as Kanye, a one-time Trump supporter, announced he will be running for president this year.
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