The US government’s loan program is helping many small businesses and celebrities to stay afloat during the pandemic. The recipients of the PPP loan have to meet specific criteria, such as being a small business with 500 or fewer employees. Celebrities that Got Ppp loan include Ashton Kutcher, Tyler Perry, and Snoop Dogg.
The Celebrities That Got Ppp Loan have all been affected by the pandemic in some way or the other. Because of the pandemic, Ashton Kutcher’s production company, Katalyst Media, had to stop production on two TV shows. Tyler Perry’s studios were closed for several months, and he had to lay off 400 employees. Snoop Dogg’s touring company had to cancel all its planned concerts.
Despite being Celebrities That Got Ppp Loan, they have all been able to weather the storm and are now back on their feet. Kutcher’s company has resumed production, Perry’s studios are open again, and Snoop Dogg plans a comeback tour.
If you’re a small business owner or celebrity that has been affected by the pandemic, you may be eligible for the PPP loan. Contact your local Small Business Administration office to find out more.
What does PPP Loan Mean?
The complete form of PPP is the Paycheck Protection Program provided by the United States federal government during the pandemic in 2020. The PPP loan program was launched with a huge budget of $ 953 billion.
It was provided to people with profiles like; businesses, self-employed, Non-profit organizations (sure), sole proprietors, and other prescribed businesses under the Coronavirus Aid relief and economic-security Act.
Businesses can borrow money to cover payroll and other obligations through the Paycheck Protection Program. A PPP loan is approximately 2.5 times the applicant’s average monthly payroll costs incurred during 2019. Loan payments will be deferred for six months, and no collateral or personal guarantees are required.
Celebrities That Got Ppp Loan:
1. John Cena
2. Kylie Jenner
3. LeBron James
4. Serena Williams
5. Oprah Winfrey
6. Tyler Perry
7. Barbra Streisand
8. Jay-Z
9. Bon Jovi
10. Madonna
More details
They have emerged about which celebrities received loans from the Paycheck Protection Program (PPP).
The PPP was a federal loan program designed to help small businesses keep their workers employed during the COVID-19 pandemic. Celebrities that got ppp loan include:
- Actor and director Tyler Perry, who received a $1 million loan for his production company
- NBA player Steph Curry, who received a $1.75 million loan for his production company
- Rapper and music producer Dr. Dre, who received a $2 million loan for his record label
- Singer and actress Rihanna, who received a $5 million loan for her fashion brand
While some celebrities have come under fire for receiving these loans, it’s important to remember that the PPP was designed to help small businesses keep their workers employed. Celebrities that got ppp loan did so because they met the criteria for the program and they used the money to keep their businesses afloat during a difficult time.
Conclusion
So, these were some of the celebrities that got PPP loan. Some of them may have been eligible for the loan, and others may not have been. But we cannot be sure until more information is released about their businesses and their finances. Do you think that celebrities should have received the PPP loan? Let us know in the comments!
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