Loans

Teen Mom Kailyn Lowry’s $48K in PPP loans for her podcast & haircare company FORGIVEN as she builds $850K mansion

Teen Mom Kailyn Lowry's $48K in PPP loans for her podcast & haircare company FORGIVEN as she builds $850K mansion
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The $48,000 PPP loan from TEEN Mom Kailyn Lowry has been forgiven due to her podcast and closed hair care company as she is building an $850,000 mansion.

The Teen Mom star, who was sharing the ramshackle interiors of her custom-made mansion in Delaware, has been forgiven for the two loans totaling $48,000 from the Paycheck Protection Program, according to records first reported by reality star Wawamelen’s fan account.

Two public-private partnership loans from Kailyn Lowry totaling $48,000 in June have been forgiven.

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Two public-private partnership loans from Kailyn Lowry totaling $48,000 in June have been forgiven.Credit: Instagram
Meanwhile, the Teen Mom star was showing off the progress of her custom $850,000 mansion

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Meanwhile, the Teen Mom star was showing off the progress of her custom $850,000 mansionCredit: LG for The US Sun

The PPP loans are part of a federal program with funds earmarked for small businesses hard hit in the pandemic to help them pay employees.

Kyle, 29, who first took out loans for podcast company Kailyn Lowry LLC and her hair care company, Pothead Inc in April of 2020 — was ditched in June of 2021.

Pothead Inc’s loan was $17,048, with records indicating that the money was expected to be used for payroll expenses – the company boasted of having two employees.

In July, a month after it forgave the two loans, Pothead Inc’s Instagram page announced it was closing a store and claimed it was only a temporary closure, though there have been no updates since.

The beauty company claimed that the reasons for the closure were “issues” related to “CBD regulations, ‘confiscation’ of roadside deliveries, and ‘restriction of ability to advertise’.”

KAIL’S LLC

Kailyn Lowry LLC is used at least in part by the Coffee Convos Podcast which, according to the loan deposit, has five employees.

Kail boasted last year: “Honestly, I make more money on my podcast than I do on an episode of Teen Mom.”

She made the reveal after she opened up about choosing not to participate in an episode of the show because she said she didn’t agree with the story line.

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Custom KAIL Palace

The Teen Mom star has built her Delaware mansion for the better part of the year.

Kailyn has been sharing updates throughout the build, especially as it nears its end.

As 2021 comes to a close, the MTV personality has shared with fans how close she is to her home.

She bought the land to build her house in February 2021 and spent the whole year working on it.

Kyle closed shop on her hair care line just one month after her loan was forgiven

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Kyle closed shop on her hair care line just one month after her loan was forgivenCredit: Instagram
The Kyle podcast company took over w

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The Kyle podcast company took over w

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