More than 20 companies that received small-business aid have reported more than $100 million in annual revenue. Here’s a list of public companies that disclosed PPP loans.
It wasn’t just Ruth’s Chris or Shake Shack that got coronavirus aid from the U.S. government. Dozens of publicly traded companies received forgivable loans totaling more than $500 million from the Small Business Administration’s Paycheck Protection Program, according to a Wall Street Journal analysis.
Shake Shack Inc. was the biggest recipient by market capitalization, while Ruth’s Hospitality Group Inc. got $20 million—by applying for the maximum amount through two subsidiaries. Two dozen of the 124 companies employed more...
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