Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, ...
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain's chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.
The company will immediately return the entire US$10 million SBA loan as it was able to raise additional capital, CEO Randy Garutti and founder Danny Meyer said https://www.linkedin.com/pulse/shake-shack-returning-its-ppp-loan-heres-why-randy-garutti/?trackingId=95PlIjgRRoWmTNyoj0XR5Aper cent3Dper cent3D in a blog post on Monday. Last week, it raised about US$150 million in an equity offering.
Shake Shack said the money it received could be reallocated to the independent restaurants"who need it most, haven't gotten any assistance." On Sunday, President Donald Trump defended restaurant chains, hotel operators and hedge funds accessing funding meant for small businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US judge blocks Twitter's bid to reveal govt surveillance requestsTwitter Inc will not be able to reveal surveillance requests it received from the U.S. government after a federal judge accepted government ...
Read more »
US judge blocks Twitter's bid to reveal government surveillance requestsTwitter Inc will not be able to reveal surveillance requests it received from the U.S. government after a federal judge accepted government ...
Read more »
US judge blocks Twitter's bid to reveal government surveillance requestsBANGALORE (REUTERS) - Twitter will not be able to reveal surveillance requests it received from the US government after a federal judge accepted government arguments that this was likely to harm national security after a near six-year long legal battle.. Read more at straitstimes.com.
Read more »
US judge blocks Twitter's bid to reveal government requests for surveillanceNEW YORK (REUTERS) - Twitter will not be able to reveal surveillance requests it received from the US government after a federal judge accepted government arguments that this was likely to harm national security after a near six-year long legal battle.. Read more at straitstimes.com.
Read more »
China's Gome says to raise US$200 mln through debt sale to PinduoduoSHANGHAI: Chinese electronics retailer Gome Retail Holding on Sunday said it would raise US$200 million through a convertible bond issue that will ...
Read more »