Word on the curb is that Grand Hustle Records, the label formed by Clifford “T.I.” Harris and his partner Jason Geter, is in financial trouble and may be in the process of closing it’s doors.

A few months ago, staff at Grand Hustle offices were spotted packing up and the location closed it’s doors.

Rumor quickly spread that money was tight due to Tip’s recent legal troubles and there were whispers that time was running out on the embattled rappers label.

Unfortunately, there was a grain of truth to a few of the rumors.

For example, the former Grand Hustle offices are now definitely empty and many of the people who used to work there are no longer employed…

But bump whatcha heard, Jason Geter (Grand Hustle’s co-CEO) says it ain’t over til it’s over!

According to Jason, the imprint, distributed by Atlantic records is merely cleaning house and getting things in order so that the label can run more efficiently.

Number one, Grand Hustle is definitely not dismantled. We unfortunately did downsize [on staff] and relocate.

We’re doing business, just in a lighter way. A smarter way, due to our current situation.

We don’t have much business to do, not much going on, why pay people when unfortunately there’s not much going on?

Same thing that the major labels are doing, it’s no different. Supply and demand, at the end of the day. It’s just the way of the business.

Geter addressed the rumors with Billboard, where he admitted that times are definitely hard and it’s been a rough few months for the Atlanta-based record label but business is still going on…

It’s no secret we’ve taken hits, back to back, with Tip’s absence [serving out his prison term].

“Downsizing and relocating was the best move”, he said, and one that was discussed with T.I.

We’re partners, we talk about everything, no matter if he’s in or he’s out. It’s Grand Hustle, so we communicate with one another.

Grand Hustle has about 5 artists on the label (including Tip). Young Dro, Killer Mike, and Dee-1, have been on Grand Hustle’s “Grind ‘N Hustle” tour since the first of April and they recently added Pac Div to the roster.

Geter also added that T.I.’s AKOO clothing line is entering it’s third year and is “doing better than ever.”

So there you have it. All is well at Grand Hustle til they tell you otherwise.

Carry on…