Multimillionaire Acts The Chainsmokers, Guns N’ Roses & More Receive PPP Loans From Government

Leading music acts, many of whom make millions in a year,
including the Eagles, Pearl
Jam, Guns N’ Roses and more
have recieved PPP loans for postponed tours as part of the federal
government’s relief plan for small businesses.

The Chainsmokers,
Green Day, Tool,
Nickelback, Imagine
Dragons, Weezer, and
Chris Stapleton have also been
granted loans to ease the financial hardships caused by the
coronavirus (COVID-19) shutdown. Plus, more than 50 acts including
bandsIncubus, Slipknot,
My Chemical
Romance, rappers Wiz
Khalifa, French
Montana and Lil
Jon, and the list goes on.

Some of the larger loans were
reportedly
good for $350,000 up to $1 million, but many of the
names mentioned here received between $150,000 and $350,000 — all
funded by the $2 trillion CARES Act intended for
relief to small businesses impacted by the coronavirus.

The pandemic has been especially hard on the music industry.
Many of these artists mentioned here have been forced to cancel
gigs and entire tours, their main source of revenue.

Rolling Stone has more info on the PPP loans
here
.

 

Source: Rolling Stone |
Photo via Rukes.com

This article was first published on Your EDM. Source:
Multimillionaire Acts The Chainsmokers, Guns N’ Roses & More
Receive PPP Loans From Government

Leading music acts, many of whom make millions in a year,
including the Eagles, Pearl
Jam, Guns N’ Roses and more
have recieved PPP loans for postponed tours as part of the federal
government’s relief plan for small businesses.
The Chainsmokers,
Green Day, Tool,
Nickelback, Imagine
Dragons, Weezer, and
Chris Stapleton have also been
granted loans to ease the financial hardships caused by the
coronavirus (COVID-19) shutdown. Plus, more than 50 acts including
bandsIncubus, Slipknot,
My Chemical
Romance, rappers Wiz
Khalifa, French
Montana and Lil
Jon, and the list goes on.
Some of the larger loans were
reportedly good for $350,000 up to $1 million, but many of the
names mentioned here received between $150,000 and $350,000 — all
funded by the $2 trillion CARES Act intended for
relief to small businesses impacted by the coronavirus.
The pandemic has been especially hard on the music industry.
Many of these artists mentioned here have been forced to cancel
gigs and entire tours, their main source of revenue.
Rolling Stone has more info on the PPP loans
here.
 
Source: Rolling Stone |
Photo via Rukes.com
This article was first published on Your EDM. Source:
Multimillionaire Acts The Chainsmokers, Guns N’ Roses & More
Receive PPP Loans From Government

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