'Extremely disappointing' and 'entirely predictable' — slowdowns and lockouts plague second round of PPP [MSNBC.com]
Shake Shack, Inc. Class A (SHAK)
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Source: MSNBC.com
The latest round of funding from the Paycheck Protection Program opened up on Monday morning at 10:30 a.m. ET with a new set of rules for distribution ofthe additional $310 billion in fundsLockouts, login issues and sluggish systems marred the Small Administration's loan approval process, with each bank unable to submit more than a few hundred applications. One bank was locked out of the system after submitting just 60 loans.The system is so limited in its current state that it will take nearly a month to get through the entire queue, one banking executive told NBC .The issues were "extremely disappointing" but "entirely predictable," said Neil Barofsky, former special inspector general for the Troubled Asset Relief Program (TARP), which had oversight for some of the corporate funding relief during the 2008 financial crisis.When the program began at midnight on April 3,banks were still scrambling to process final guidanceBut after two weeks of refining their systems, processing docum
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News
- Shake Shack to Participate in Upcoming December Investor ConferencesBusiness Wire
- I tried the biggest burgers at 5 fast-food chains and ranked them from worst to best [Business Insider]Business Insider
- Should Shake Shack's (SHAK) Revenue Outlook and CFO Departure Prompt Investor Attention Now? [Yahoo! Finance]Yahoo! Finance
- Shake Shack (NYSE:SHAK) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Shake Shack (NYSE:SHAK) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
SHAK
Earnings
- 10/30/25 - Beat
SHAK
Sec Filings
- 11/26/25 - Form 4
- 11/25/25 - Form 144
- 11/25/25 - Form 8-K
- SHAK's page on the SEC website