Kanye West's Yeezy Received Multimillion-Dollar Federal Pandemic Loan

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Kanye West's Yeezy brand said they were able to save 106 jobs.

Kanye West's Yeezy brand is among the companies that were revealed to have received a multimillion-dollar federal loan in the midst of the pandemic. U.S. Treasury Department's Small Business Administration unveiled a list of businesses that had received loans as part of the Paycheck Payment Program -- a fund launched to help companies prevent layoffs in the midst of financial strain. Kanye West's Yeezy Brand is revealed to have received anywhere from $2M to $5M that helped save 106 jobs.

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The list came to light after pressure from the Democratic Party who demanded transparency. The list, which you can see here, reveals the list of companies that got over $150K in loans. The program was meant to help companies with 500 employees or less cover paycheque for eight weeks. 

It's been an overall eventful few days for Kanye West who recently announced a new partnership with Yeezy and Gap. The rapper/producer extraordinaire also kicked off the campaign for his new album God's Country with a new song "Wash Us In The Blood" ft. Travis Scott. The biggest news, however, to come out of the world of Kanye West was his announcement that he'd be running for president this weekend. Like anything Kanye says, it should be taken with a grain of salt. Plus, he's ineligible to run in six states anyways. 


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.