Kanye West Sneaker Brand Received Millions From Government Loan
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Yeezy LLC, the sneaker company founded by musician and designer Kanye West, received a loan of $2 million to $5 million as part of a federal relief program for U.S. small businesses.
The Small Business Administration on Monday released details of almost 4.9 million loans under the Paycheck Protection Program. The aid allowed Yeezy to retain 106 jobs, according to the SBA database. PPP loans are forgivable if businesses spend most of the funds on payroll and other approved costs.