Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Kanye West’s Yeezy LLC receives over $2 million PPP loans from US Government

William Ukpe by William Ukpe
July 7, 2020
in Business News
Kanye West’s Yeezy LLC receives over $2 million PPP loans from US Government

Kanye West’s Yeezy LLC receives over $2 million PPP loans from US Government

Share on FacebookShare on TwitterShare on Linkedin

Hip Hop billionaire, Kanye West, received over $2 million in government relief programmes for America’s small businesses through his Yeezy LLC sneaker company.

Details of the 4.9 million loans through the Paycheck Protection Program were released by the Small Business Administration. The loan would allow the Yeezy Company to retain as much as 106 jobs, assuming the company decides to spend most of the loans on payroll. Note that the Paycheck Protection Program loans are forgivable.

Kanye’s Yeezy sneaker business was valued at $3 billion last year. The Yeezy sneakers are manufactured and sold through licensing agreements with Adidas. The brand recently announced a ten-year agreement with Gap Inc, a development that caused Gap’s shares rise over 30% in one day.

RelatedPosts

Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

Court jails sitting senator, Peter Nwaoboshi, for 7 years over money laundering charges

The Paycheck Protection Program was created alongside the $2.2 trillion CARES Act signed by President Donald Trump to support American businesses during the COVID-19 pandemic. It was recently extended for another 5 weeks. 

READ MORE: SMEs can now access Access Bank loans from home

Other celebrity fashion brands that received loans of over $2 million include Vera Wang and Oscar de la Renta.

Meanwhile, over here in Nigeria, many Small and Medium Enterprises (SMEs) and households have been struggling to access the Targeted Credit Facility (TCF) stimulus package that was announced by the Central Bank of Nigeria.

As Nairametrics reported, Nigeria’s apex ban introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus to support households and small businesses that were affected by the Coronavirus pandemic. However, Nairametrics understands that many people have not been able to access these loans despite making concerted efforts.

 

Related

Tags: Kanye WestPresident Donald TrumpSmall and Medium Enterprises (SMEs).Targeted Credit Facility (TCF)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa
    • Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements
    • NGX closes flat as market capitalization grows slightly by over N6 billion

    Follow us on social media:

    Recent News

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    Nigeria’s BlackHouse Media ranked number 3 agency in Asia pacific, middle east, and Africa

    July 1, 2022
    FBN Quest, Cordros, Apel lead best performing stockbroking firms in October 2021

    Nigerian Exchange suspends Royal Exchange, C&I Leasing, 7 others for default in audited financial statements

    July 1, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com