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

Related Posts

Angus Young AC/DC Etihad Stadium, Rock Or Bust World Tour. Photo by Ros O'Gorman
AC/DC Angus Young is Only The Schoolboy on Stage, at Home He is Told to ‘Wipe His Feet’

The public persona and private life of Angus Young of AC/DC are total opposites.

10 hours ago
The Doobie Brothers Tom Johnston at Deni Blues and Roots Festival on Sunday 20 April 2014.
The Doobie Brothers’ Tom Johnston Has No Plans For A Third Solo Album

It has been 54 years since The Doobie Brothers released their debut album. Between then and now, co-founder, singer, guitarist and songwriter has only released two solo albums and they were 46 and 44 years ago. To find out why there has never been a third Tom Johnston solo album, Noise11 asked Tom.

11 hours ago
Dolly Parton in concert photo by Ros O'Gorman
Dolly Parton To Play Vegas Residency

Dolly Parton, who hasn't toured regularly in nearly a decade, has announced a six-concert run at Caesars Palace in Las Vegas.

13 hours ago
Mick Ralphs of Bad Company
Bad Company and Mott The Hoople Mike Ralphs Dead at 81

Guitarist Mick Ralphs, a founding member of both Mott The Hoople and Bad Company, has died at the age of 81.

13 hours ago
Amyl and the Sniffers photo by John Angus Stewart
Amyl & The Sniffers Next Australian Shows Will Be With AC/DC

Amyl & The Sniffers’ next Australian shows will be with AC/DC in November.

2 days ago
Angus Young AC/DC performing at Etihad Stadium in Melbourne on Sunday 6 December 2015. They are in Australia on the final leg of their Rock Or Bust World Tour. photo by Ros O'Gorman
AC/DC Power Up Tour Is Coming To Australia in November

AC/DC will play their first Australian dates since 2015 in November 2025. All is set for two shows in Melbourne, Sydney, Brisbane and Perth and one for Adelaide.

2 days ago
Angus Young of AC/DC. photo by Ros O'Gorman, Noise11, photo
AC/DC Drop The Biggest Hint Yet of The World’s Worst Kept Secret The 2025 Australian Tour

The news AC/DC fans have been waiting for is about to drop. The Australian tour announcement is imminent with even AC/DC now spreading the gossip on their socials with the iconic Thunderbolt symbol prominently on display along one of Melbourne’s busiest streets, Punt Road in Cremorne.

2 days ago