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

Skyhooks 1976 photo courtesy of Peter Green
EXCLUSIVE: Historic Skyhooks 1976 Countdown Footage Discovered and Restored

Skyhooks archivist Peter Green has discovered Skyhooks footage nearly 50 years old long thought to have been lost.

11 hours ago
Ozzy Osbourne and Black Sabbath photo by Ros OGorman
Ozzy Osbourne Fans Turn Out In The Thousands For Funeral Procession

Ozzy Osbourne's wife and children were overcome with emotion as they visited the vast sea of tributes to the rocker during the funeral procession in Birmingham, England on Wednesday.

1 day ago
Steven Wilson On the Lost Black Sabbath Tapes

Producer, audio engineer, musician Steven Wilson has remixed albums for Jethro Tull, Yes, The Who, Tears for Fears and Deep Purple as well as Phil Collins, Frankie Goes To Hollywood and even Gentle Giant but one incomplete project was Black Sabbath’s iconic ‘Vol. 4’ album.

1 day ago
The Fabulous Caprettos Is A Jukebox Of Australian Classics

A night with The Fabulous Caprettos is like spending a few hours with a living, breathing jukebox playing non-stop Australian classics.

1 day ago
Ozzy Osbourne and Black Sabbath photo by Ros OGorman
Ozzy Osbourne Funeral Procession To Be Held In Birmingham

Ozzy Osbourne will be laid to rest in Birmingham, England on Wednesday after a special funeral procession through his hometown.

2 days ago
Phil Campbell and the Bastard Sons
Phil Campbell and the Bastard Sons Will Be Performing Motörhead Classics In Australia

When Phil Campbell and the Bastard Sons tour Australia in September, Motörhead fans do note … you will be getting a good chunk of Motörhead in the Bastard Sons setlist.

3 days ago
A Tribute To Bad Company
Bad Company To Get Their First Ever Tribute Album

Can’t Get Enough: A Tribute to Bad Company is a powerful salute to one of classic rock’s most enduring and influential bands. To be released in 2025, this compilation brings together a diverse lineup of modern rock and country stars to reimagine the soul, swagger, and grit of Bad Company’s legendary catalog. More than just a tribute, the album is a generational bridge—honoring the past while inviting new audiences into the band’s storied legacy.

3 days ago