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Stock impact report

Shake Shack returning $10M government loan meant for small businesses [MSN Money]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: MSN Money
Shake Shack, one of several large rtaurant chains that got federal loans through the coronavirus stimulus law meant to help small busins, said Sunday night that it is giving all $0 million back.© John LocherThe New York-based hipster-favorite burger company is amongmore than a doz companiset aside $9 billion in the stimulus law called the CARES Act to help small businsLoad ErrorIn a statemt Sunday night on LinkedInFull coverage of the coronavirus outbreak"The 'PPP' came with no user manual and it was extremely confusing," they wrote. to stay informed. Advice to stay safe.The program offered to forgive the loans if recipits rehired furloughed and laid-off workers by June, and because Shake Shack and its part company had already furloughed hundreds of employe, they said, they gambled that "the bt chance of keeping our teams working, off the unemploymt line and hiring back our furloughed and laid off employe, would be to apply now and hope things would be clarified in time."But they said Show less Read more
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