Los Angeles Lakers return $4.6 million they received from small business loan program

Lakers.
(Image credit: Harry How/Getty Images)

The Los Angeles Lakers has returned millions of dollars it received from a program intended for small businesses during the coronavirus crisis, ESPN reports.

The team on Monday confirmed to ESPN that it repaid $4.6 million it received from the Paycheck Protection Program, which Congress set up during the coronavirus crisis with $349 billion for loans to be given to small businesses. But the program quickly ran out of money, and numerous larger companies came under fire for applying for and receiving loans under the program. Ruth's Chris Steak House and Shake Shack were among these companies, and they later announced they'd return the money.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.