Yeezy employees can relax after Kanye West got the company a 2 million dollar loan.
Either there is a fake Yeezy company or Kanye West’s Yeezy brand will receive a 2 million dollar loan. The SBA backed paycheck protection program will help to save over one hundred jobs.
Kanye West’s Yeezy company received more than $2 million through the Paycheck Protection Program https://t.co/M9WnvCBymV
— The Hollywood Reporter (@THR) July 6, 2020
The Hollywood reporter leaked the news first that potential 2020 presidential candidate Kanye West got a small business loan for his company.
Billionaire rapper, shoe designer & recently-announced 2020 presidential candidate @KanyeWest‘s Yeezy LLC—a Delaware holding company run out of California is listed in new Treasury Dept PPP data as a recipient of a $2-$5 million federal government loan https://t.co/fxLt7Gy9vO pic.twitter.com/OmHC9j5grD
— Anna Massoglia (@annalecta) July 6, 2020
According to reports, the company is getting 2 to 5 million dollars in aid. The loan is to help small business owners affected by the coronavirus pandemic. However, examples like this situation are evidence that the little people are often forgotten. SBA determines business to be “small” if they have less then 500 employees. Which at first glance may seem like a kind gesture, but is really a kick in the back for most of the economy.
Most businesses in America have less than 100 employees, a good portion less than 50. Yet, those people don’t have the time, resources, and money to go through the process to get the help that is meant for them. Furthermore, because companies like the fake Yeezy corporation that applied for this loan, most of the money gets eaten up by the big companies that shouldn’t be considered small in the first place.
As a business owner, Kanye West and his team have the right to pursue any opportunity they qualify for. As a humanitarian, asking for help when you may not really need it, is downright wrong. I
What do you guys think of the Yeezy company getting the business loan though? Could it have been a fake Yeezy company?
Let us know your thoughts in the comments.