Eagles and Guns N' Roses Accept Government Loans - Noise11.com
Don Henley, Eagles photo by Ros O'Gorman

Don Henley, Eagles photo by Ros O'Gorman

Eagles and Guns N’ Roses Accept Government Loans

by Music-News.com on July 10, 2020

in News

Eagles and Guns N’ Roses are reportedly among the musicians who have received financial support during the COVID-19 crisis.

With almost all bands unable to perform live since March, except specially designed socially distanced concerts, many of rock’s biggest acts have applied for support to help them pay their touring crews, according to Rolling Stone magazine.

Data released by America’s Small Business Administration and Treasury Department and obtained by the publication showed the Eagles, Pearl Jam and Disturbed took out loans of between $350,000 (£280,000) and $1 million (£800,000).

Other artists, including Green Day, and Tool, also received loans of more than $150,000 (£120,000) and $350,000. Nickelback, Imagine Dragons, Incubus, Slipknot, My Chemical Romance, Wilco, Weezer, Cheap Trick, Tim McGraw, Chainsmokers, Bon Iver’s Justin Vernon, Disturbed, Gary Clark Jr., Papa Roach, Ryan Tedder and the Head and the Heart are also on the loan list.

Rappers Wiz Khalifa, French Montana and Lil Jon also received financial help, as well as country stars Rascal Flatts, Chris Stapleton, Luke Combs, Kip Moore and Jason Isbell.

The loans are for the artists’ touring companies, with the Eagles helping retain 50 jobs while they are unable to perform during the pandemic.

The news comes after Kanye West’s clothing company Yeezy was granted a loan of between $2 million (£1.6 million) and $5 million (£4 million), as part of government programmes, despite the star being described by Forbes as a billionaire.

music-news.com

Noise11.com

Follow Noise11 on Social Media

Noise11 on Instagram

You’ll discover music news first following Noise11 on Twitter

Comment on the news of the day, join Noise11 on Facebook

Comments

comments

Related Posts

Midnight Oil play the Bowl on their Great Circle Tour 2017 Monday 6 November 2017. Photo by Ros O'Gorman
Midnight Oil Debut ‘Gadigal Land’ Their First New Music in 18 Years

Midnight Oil’s ‘Gadigal Land’ is the band’s first new music since 2002. The song features Dan Sultan, Joel Davison, Kaleena Briggs and Bunna Lawrie.

3 days ago
Paul Mescal Scarlett Rolling Stones video
The Rolling Stones Debut ‘Starlight’ Video Featuring Paul Mescal

The Rolling Stones have premiered their ‘Scarlett’ video starring Paul Mescal.

3 days ago
Roger Waters played Rod Laver Arena Melbourne on Saturday 10 February 2018. Roger Waters is performing his Us and Them Australian tour. Photo, Ros O'Gorman
Roger Waters Debuts Iso Version Of Pink Floyd’s ‘Vera’

Roger Waters has premiered the third edition of his Iso videos with a new version of his Pink Floyd ‘The Wall’ classic ‘Vera’ and ‘Bring The Boys Back Home’.

3 days ago
Taste
Taste Make Isolation Video For Pre-Isolation Song ‘Stand Up’

Taste have used self-isolation time to create a music video for their new song ‘Stand Up’.

4 days ago
Rod Stewart, photo by Mary Boukouvalas Noise11
Rod Stewart Australian Dates Bumped To 2022

The Rod Stewart Australian tour due to begin in November has been postponed until 2022.

4 days ago
Paul McCartney at AAMI Park Melbourne on Tuesday 5 December 2017. Photo by Ros O'Gorman
Paul McCartney Says Lennon’s ‘How Do You Sleep’ Was Hurtful

Sir Paul McCartney has admitted he found his late Beatles bandmate John Lennon's song 'How Do You Sleep?' “hurtful”.

4 days ago
Roger Waters talking at an event for Australia Palestine Advocacy Network (APAN) at the Atheneum Theatre Melbourne on Friday 9 February 2018. Photo Ros O'Gorman
Roger Waters Covers John Prine’s ‘Hello In There’

Pink Floyd legend Roger Waters has recorded an acoustic version of John Prine’s ‘Hello In There’ with Lucius.

5 days ago