Small Business Administration

Regional News • Americas • United States
SBA announces that Kanye West and Scientology have gotten loans under Covid-19 small-business loan program

The US Small Business Administration (SBA) has announced that the Yeezy brand, by rapper Kanye West has gotten a loan of $5 million under the small-business loan program that is part of the Paycheck Protection Program (PPP). The company had made around $1.3 billion in revenue in 2019 and claimed that the loan would save 160 jobs.

In addition to the Yeezy brand, the SBA has announced that the Church of Scientology has also received loans between $150,000 and $350,000 for three different locations.