Kanye West's Yeezy Brand Gets Multi-Million Dollar Loan from Government Stimulus Fund

Kanye West's fashion company received millions worth of loans from the federal government as part of the Trump administration's $2 trillion coronavirus stimulus package designed to aid small and medium-sized businesses.

After mounting pressure to disclose which businesses received loans through the Paycheck Protection Program (PPP) established by President Donald J. Trump's CARES Act, the U.S. Treasury’s Small Business Administration released public records on Monday that list every loan.

According to the records of companies which were granted more than $150,000 in loans (which CNBC reports made up approximately 13% of the total number of loans), Yeezy LLC., West's high-end fashion label, received a loan between $2 to $5 million. The Treasury reports that the loan was filed through City National Bank and 106 jobs were saved through it.

Khloé Kardashian's Good American denim brand, which she co-owns with Emma Grede, also filed for a PPP loan. The company was expected to receive between $1 to $2 million (PEOPLE can confirm it got $1.2 million) and it is reported that 57 jobs were saved using loan. Neither Kardashian or Grede has taken a paycheck since the coronavirus pandemic began.

https://www.msn.com/en-us/tv/celebrity/kanye-west-s-yeezy-brand-gets-multi-million-dollar-loan-from-government-stimulus-fund/ar-BB16pp1t?li=BBnb2gh&ocid=DELLDHP

Guess all that kissing up to Trump paid off.