Kanye West's Yeezy company received more than $2 million through the Paycheck Protection Program, the Small Business Administration disclosed on Monday.
Yeezy, an LLC formed by the musician and clothing designer, received a loan between $2 million and $5 million, according to the SBA. The company disclosed that it saved 160 jobs because of the program meant to help businesses struggling during the novel coronavirus pandemic.
Passed in May, the PPP is meant to serve as a lifeline for small businesses battered by the pandemic in an effort to save jobs while employers are financially struggling. 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.
hollywoodreporter.com/news/kanye-wests-yeezy-received-2m-federal-pandemic-loan-1301971
So if Kanye ran for president would he run as a Dem or a Conservative?
neither. both parties have their nominations already
A bunch of huge businesses got these loans I think. Ruth's Chris got a bunch of s*** for doing it and wound up giving it back
neither. both parties have their nominations already
Talking about the future
people really defending the vicious throatfucking of capitalism and corruption going on in our society just because they like some kanye music
near every business that applied for the PPP got approved, as they were distributed through banks decentralized, not through the administration themselves. the fed didnt have any involvement beyond dispersing funds to banks, so blame banks (as usual). you basically just received funds equal to a fixed multiplier of your monthly payroll, assuming you had documents to verify it.
A bunch of huge businesses got these loans I think. Ruth's Chris got a bunch of s*** for doing it and wound up giving it back
people really defending the vicious throatfucking of capitalism and corruption going on in our society just because they like some kanye music
the streets done
This isnt about kanye in particular but really just how big businesses abused the loan program
This been a story in leftist media circles for a minute
we only talk money here
Broke niggas stay mad
Nigga I bet you’re broke too the f***