Kanye West’s clothing company Yeezy received more than $2 million from the Paycheck Protection Program, according to the Small Business Administration.
- Yeezy — an LLC from West — received a loan between $2 million and $5 million, according to The Hollywood Reporter.
- The company saved 160 jobs from the loan, which was “the program meant to help businesses struggling during the novel coronavirus pandemic,” according to THR.
- The federal government released PPP loans to save them during the coronavirus pandemic, which led to multiple shutdowns that left employers struggling financially.
- “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%,” according to The Hollywood Reporter.
Yeezy signed a deal with Gap
According to The New York Times, West signed a 10-year deal for a new “Yeezy Gao” apparel line, which will bring Yeezy clothes to Gap in 2021.
West says he’s running for president?
- West announced on Twitter Sunday that he is running for president. However, it’s unclear if the run is for 2020, a future election or real at all.
- West tweeted: “We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States! #2020VISION.”
- Kim Kardashian West retweeted her husband with an American flag, confirming the news.
- West recently released new music with Travis Scott, called “Wash Us In Blood.”