A Bunch Of Rock Bands Qualified For Small Business PPP Loans

IRVINE, CA – MAY 14: Recording artist Rivers Cuomo of music group Weezer performs onstage at KROQ Weenie Roast 2016 at Irvine Meadows Amphitheatre on May 14, 2016 in Irvine, California. (Photo by Kevin Winter/Getty Images for CBS Radio Inc.)

When you think about it, a rock band is kind of like a small business. And sure enough, lots of bands qualified for federal small business loans during the pandemic.

According to data from the U.S. Small Business Administration, some of the bands who took loans include Pearl Jam, Nickelback, Tool, Papa Roach, Slipknot, Green Day, and Weezer.

Paycheck Protection Program, or PPP loans, were designed to help small businesses keep paying their employees during the pandemic. Most of the bands received loans in the ballpark of $150,000-350,000.

In what other ways is a rock band like a small business? Should they qualify for federal loans if they’re signed to a record label?

More about:

Bands

Government

PPP Loan

ROCK

Small Business