Current Events > Kanye/Yeezy and Scientology received millions in PPP loans

(+) Yeah! (+)

https://www.independent.co.uk/news/world/americas/us-politics/kanye-west-ppp-loan-yeezy-scientology-trump-business-pandemic-a9605291.html

Kanye Wests clothing line and the Church of Scientology were among billion-dollar brands who used US government loans designed to help businesses survive the Covid-19 pandemic.
The US Small Business Administration (SBA) said on Monday that the billionaire rappers Yeezy brand had been cleared to receive $5 million (4m) under the governments small-business loan program.

Yeezy, which made $1.3 billion (1.52b) in 2019, said to the SBA that the loan would save 160 workers from unemployment, according to NBC News analysis.

Three Church of Scientology locations in New York, Washington DC and Florida were also cleared to receive loans between $150,000 (120,000) and $350,000 (278,000) each.

US Congress passed the Paycheck Protection Program (PPP) in March to secure small loans for businesses and nonprofits with less than 500 workers amid Covid-19 shutdowns.
That coronavirus bill set-aside more than $320 billion (256b) in government money to assist small businesses who were expected to struggle amid the pandemic.

Almost three months on, the SBA list published on Monday shows that Mr West and other billionaires used the PPP to receive loans.
PPP was sold to the American people as a program to help Mom-and-Pop shops keep their lights on during the pandemic, said Accountable.US watchdog president Kyle Herrig to NBC News. "The reality is that the Trump administration created a program that helped the well connected cut to the front of the line to get these loans.
PPP applicants also included multimillionaire pop artist Jeff Koons, Hollywood producer Francis Ford Coppola, Hamptons property developer Joe Farrell and the Church of Scientology, which is reported to be worth at least $1 billion (802m).
Those businesses needed to prove in their application that current economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.

Should've been worded so only actual small businesses (as in, made under $500M) received these loans.

Ffs.

Do you think this well negatively effect his run for President?

Wuhan posted...

Do you think this well negatively effect his run for President?

After Trump, I'm not sure anything will be able to mar candidates. They could *redacted* a dog in Times Square while everyone videos and they'll be fine.

Meanwhile in Congress...

"We don't have the finances to support Americans right now! We must stabilize our national debt!"

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