Coronavirus response: Here are the big restaurant chains who have — and haven't — returned their small business loans

Many people were quickly outraged to learn that while so many small businesses were shut out of getting a loan, publicly-traded restaurant chains received loans. These included Shake Shack , Ruth’s Chris Steakhouse , Potbelly Sandwich Shop , Taco Cabana , and J. Alexander’s .

Now some of the other large chains that got PPP loans are following suit—at first by choice, and soon by demand, after the Treasury Department on Thursday issued new guidance asking publicly traded companies to return their PPP money by May 7. “It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith” that it needs the loan to survive, Treasury wrote in an FAQ document.

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Small-business loan program restarts Monday with fresh hopes and $320 billionThe U.S. Small Business Administration will restart a government coronavirus relief loan program for small businesses next week with an additional $320 billion. 0 $ don't west your time if u have 0 $ you can make 500$ OR 1000$.. 5000 $ for real for real go to and make money time is gold great Bot in telegram let's go guys And what is the loophole that will allow corporations to line their pockets this time? But how long will that money last? 🤔
منبع: latimes - 🏆 11. / 82 ادامه مطلب »

A Dozen Public Companies Give Back $160 Million in Small-Business Stimulus Money. Others Say They’ll Keep It.The returned coronavirus hardship loans could provide roughly 770 loans at the average size of $206,000 reported by the Small Business Administration
منبع: WSJ - 🏆 98. / 63 ادامه مطلب »