Facing furor, Ruth’s Chris high-end steak chain returns $20M small-business loan

Ruth's Chris Steak House will return the $20 million coronavirus small-business loan it procured from the government's $350 billion Paycheck Protection Program, the company announced Thursday.

Ruth's Hospitality Group, which owns the Ruth's Chris Steak House brand, operates more than 100 steakhouses across the United States, Canada and Mexico. It managed to secure two $10 million loans, one for each of its subsidiaries. "We intended to repay this loan in adherence with government guidelines, but as we learned more about the funding limitations of the program and the unintended impact, we have decided to accelerate that repayment," said Henry."It is our hope that these funds are loaned to another company to protect their employees."

This won't be forgotten

Good! But they should have returned it without having to be persuaded by protesters.

Good

About time

Is there a list of which companies have gotten loans?

GurayMollaoglu

AnayasaNevzat

I’ll never eat there again. They applied for the money in the first place. RuthsChris

Ruth's released a statement: 'My bad...'

RuthsChris . . .yeah, you typical small business eatery. I've done thousands of business luncheons there -- seriously, not any more. The PPP program was mugged & abused. This was a program for 'real' small businesses - they took advantage, used the purposefully placed loopholes.

Blame it on President Trump. You do everything else. Maybe sometimes he is correct

Hardly care anymore. Thieves for trying to steal from small truly struggling small businesses in every town in America. One downtown Salt Lake City. Near sundancefest venues. Will do our best to see they close due to lack of business. Greedy & disgraceful

THIS IS WHAT'S HAPPENING WITH THE DRUNK TRASH DOG CATS WHO ARE SUPPOSED TO BE SITTING UNDER HOUSE ARREST!!! WE WON'T PAY FOR THEIR HIV-AIDS MEDICATION & HEALTHCARE!! via

Wilhelmina International, Inc. Dallas based modeling company received almost two million in PPP funds. Why?

Potbelly sammiches is 'on the clock'

Who can we shame next?

But how are they even able to get it in the first place? This is a shocking waste of funds!

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Facing furor, Ruth's Chris high-end steak chain returns $20M small-business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses. Good This just in! RUTH'S RISKS WRATH, RETURNS RESCUE RICHES!
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Facing furor, Ruth’s Chris high-end steak chain returns $20 million small business loanThe restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses. when there is Free money' the greedy rich are always first in line with their hands out Awe man, they're gonna have to sell like 7 steaks to make that up. Well done!
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