Burning Man, Bird, a16z, Yeezy among recipients of PPP loans - Business Insider

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Burning Man, Bird, Andreessen Horowitz, and Yeezy: These startups and tech companies received coronavirus paycheck loans

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The Trump administration on Monday released a list of the companies that received the largest sums of money distributed through the Paycheck Protection Program, a stimulus for businesses set up to combat economic fallout from the COVID-19 pandemic.

The PPP loans are meant to enable businesses to continue paying staff even as their revenue takes a hit amid the COVID-19 pandemic.

 

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PPP loans roughly in line with industry payrolls, but some stand outPaycheck Protection Program loans to restaurants and hotels fell short of their share of small-business employment, according to details on the program released Monday by the U.S. Treasury Department and the Small Business Administration.
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