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Stock impact report

Paycheck Protection Program, Round 2: Can Your Business Receive Any Of This Money? [Forbes]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Forbes
By Neil HareOn Friday, April 24, President Trump signed into law a new bill providing a much needed additional $310 billion into the Paycheck Protection Program (PPP), created under theCARES ActOut of the $310 billion, $60 billion is to replenish the EIDL program and $250 billion for the PPP loans, with $60 billion set aside for community banks and community development financial institutions (CDFIs). The initial round of funding under the CARES Act of $349 billion lasted about a week before it dried up and this round is projected to only last four to six days.A new bill provides an additional $310 billion for small business relief.GettyCan your business apply for and receive any of this money?The reality is most American businesses will not receive any of these relief funds. In the first round, 1.6 million businesses received approval with most still awaiting the funds. The process remains the same for PPP and you can access frequently asked questions inNewly Available CARES Act Loan Show less Read more
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