The Eagles, Green Day, Guns N’ Roses and Pearl Jam are among the bands who have received PPP loans from the US federal government’s Paycheck Protection Program during the COVID-19 pandemic.

Amounts between $350,000 and $1 million were received by the bands. The Eagles’ loan has been listed under their touring company and will save 50 jobs.

Kanye West’s Yeezy also received between $2 and $5 million to protect 160 jobs.

Rolling Stone reports that over 40 musicians and bands received loans for over $150,000, including Weezer, Imagine Dragons, Chainsmokers, Nickelback, and Jason Isbell.

The Paycheck Protection Program (PPP) is a $669-billion business loan program established by the US Federal government Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.

Source: RTT Music News