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Guns N’ Roses, Eagles, Pearl Jam Took PPP Loans for Canceled Tours
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variety.comJem Aswad Senior Music EditorKanye West’s Yeezy wasn’t the only musician’s business taking a PPP loan, according to documents from the Small Business Administration and Treasury Department: Guns N’ Roses, the Eagles, Pearl Jam, Green Day and many other touring musicians took out loans as well.
The news was first reported by Rolling Stone.The financial support, which is part of the federal government’s $2 trillion CARES act to assist small businesses impacted by the coronavirus, is intended to crews and other support staff for current and future tours.
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