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Stock impact report

US capping how much banks can lend as part of emergency program [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
The Trump administration will impose limits on how much individual banks can ld under the Paycheck Protection Program (PPP) due to the program's high demand among busins seeking relief from effects of the coronavirus pandemic.© Getty ImagReutersLoad ErrorPPP funding will once again become available Monday morning as the program received funding from Congrs in a stimulus bill passed this week and signed into law by Pridt Trump. The program is expected to see a high number of applicants again, as $9 billion in funding for the PPP ran out shortly after becoming available earlier this month.Previous managemt of the programhas also faced criticismSome compani that were approved for funding in the previous round, including burger chain Shake Shack, later announced that they would turn down the paymts.Lawmakers involved with the program's dign have pointed to the dire to see stimulus funds dispersed quickly as a reason for the program's relative failure to aid most small busins."In emergci, Show less Read more
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