Lakers return federal relief loan funds amid coronavirus lockdown [Reuters]
Shake Shack, Inc. Class A (SHAK)
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Source: Reuters
Lakers return federal relief loan funds amid coronavirus lockdown NEW YORK (Reuters) - The Los Angeles Lakers returned a loan obtained through the U.S. government’s Paycheck Protection Program (PPP), the team confirmed on Monday, after learning that funds in the federal program had been depleted. The loans were intended to help smaller businesses with no more than 500 employees cover employee payroll and rent, with large sectors of the U.S. economy frozen amid coronavirus lockdowns and social distancing mandates. “The Lakers qualified for and received a loan under the Payroll Protection Program,” the team confirmed to Reuters. “However, once we found out the funds from the program had been depleted, we repaid the loan so that financial support would be directed to those most in need.” The 16-time NBA Finals champions, one of the most valuable teams in the league according to Forbes, had received a reported $4.6 million loan through the program. The Lakers’ decision comes as some large
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SHAK
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