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Stock impact report

Chain restaurants got big PPP loans when small businesses couldn't [CNNMoney.com]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: CNNMoney.com
Shake Shack, Ruth's Chris and other chain restaurants got big PPP loans when small businesses couldn't San Francisco (CNN Business) For local D.C. bakery DC Sweet Potato Cake, $23,000 would have gone a long way. The bakery, known for its eponymous little desserts , sought a Small Business Administration Covid-19 relief loan intended to keep its seven workers, including four full-timers, on payroll. The money would have given the bakery a fighting chance to complete an 11,000-cake order -- a lifeline tossed out by one of its grocery partners. Instead, on Friday, co-owner April Richardson advised three of her workers to file for unemployment. White House and Democrats negotiate funding for hospitals as two sides push for a small business package deal In fewer than two weeks, the funds in the Paycheck Protection Program (PPP), a $349 billion stimulus effort heralded as a means to help the nation's small businesses pay their workers and keep their operations run Show less Read more
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