Kanye West’s Yeezy apparel brand received as much as $5 million in small business loans from the federal government, a new disclosure shows.
The fashion line got between $2 million and $5 million from the Trump administration’s $660 billion Paycheck Protection Program, according to the SBA.
Yeezy, which is described as a “Black” business on the form, saved 106 jobs with the loan that was approved on April 13.
The disclosure comes just days after West announced a run for president, and two weeks after the rapper confirmed a surprise collaboration between Yeezy and Gap that sent Gap shares soaring as much as 43 percent.
Yeezy also has a wildly successful footwear partnership with Adidas.
A representative for Yeezy did not respond to The Post’s request for comment.
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July 07, 2020 at 03:50AM
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Kanye West's Yeezy label received millions in small business loans - New York Post
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