Nathan's Famous said it received a $1.2 million loan under the Paycheck Protection Program .
A person wearing a protective mask arrives to pick up food at a Nathan's Famous restaurant near the Coney Island Boardwalk in the Brooklyn borough of New York, on Monday, April 20, 2020.said that it received a $1.2 million loan under the Paycheck Protection Program , according to an SEC filing.. Nathan's said they applied before new guidance from the federal government strongly discouraged public companies from filing for the loans.
"Operations at our company-owned restaurants and our franchisees' restaurants have been disrupted," the company said in the filing. "Only three of our four company-owned restaurants are currently open, and those three company-owned restaurants are only offering food through take-out and delivery as we are prohibited from offering dine-in seating and service at our restaurants. The majority of our franchised locations have been temporarily closed.
It’s a franchise not a small business after all
Hot Dog ...
Justice to “We The People” has been served in partial
2xAught7 Of course they got money. Their CEO held a massive fundraiser for the Cheeto.
It's not a secret it's a science!(STREAMING GLOBALLY)