Earlier this year, the U.S. Small Business Administration and the Treasury launched the Paycheck Protection Program (PPP) to give loans to businesses to help them pay their employees amid the coronavirus pandemic. According to a new report, $660 billion was given out to 600,000 companies including ones owned by Slipknot, Green Day, Tool, My Chemical Romance, Guns N’ Roses, Disturbed, Eagles, Nickelback, Papa Roach, Pearl Jam, Weezer, Cheap Trick, and more. One of the aforementioned artists, My Chemical Romance, told Rolling Stone the following about their decision to take a PPP loan:
“Like most tours that were happening this year, My Chemical Romance’s world tour was cancelled. MCR received PPP money to ensure their crew is funded in these times of uncertainty until we are able to be out on the road again. We are so grateful to these skilled, dedicated people – some of them are parents, others caretakers, still others who simply have rent to pay – and this money helps them take care of themselves and their families.”
