Kanye West’s Yeezy apparel brand received as much as $5 million in small business loans from the federal government, a new disclosure shows.
The fashion line got between $2 million and $5 million from the Trump administration’s $660 billion Paycheck Protection Program, according to the SBA.
Yeezy, which is described as a “Black” business on the form, saved 106 jobs with the loan that was approved on April 13.
The disclosure comes just days after West announced a run for president, and two weeks after the rapper confirmed a surprise collaboration between Yeezy and Gap that sent Gap shares soaring as much as 43 percent.
Yeezy also has a wildly successful footwear partnership with Adidas.
Kanye West’s Yeezy Label Received Millions In Small Business Loans
by WORLD WRAP FEDERATION
Jul 6, 2020
Kanye West’s Yeezy apparel brand received as much as $5 million in small business loans from the federal government, a new disclosure shows.
The fashion line got between $2 million and $5 million from the Trump administration’s $660 billion Paycheck Protection Program, according to the SBA.
Yeezy, which is described as a “Black” business on the form, saved 106 jobs with the loan that was approved on April 13.
The disclosure comes just days after West announced a run for president, and two weeks after the rapper confirmed a surprise collaboration between Yeezy and Gap that sent Gap shares soaring as much as 43 percent.
Yeezy also has a wildly successful footwear partnership with Adidas.
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