Shake Shack gets funding, to return paycheck protection loan [DailyFinance (AOL.com)]
Walgreens Boots Alliance, Inc. (WBA)
Last walgreens boots alliance, inc. earnings: 4/2 07:00 am
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Source: DailyFinance
Stay in the loop!Notify MeWhen prompted, click "Allow"you can always change your mind later.financeSearch The WebSearch Aol.com TipsU.S. World gets funding, to return paycheck protection loanShareThe Associated PressApr 20th 2020 5:29AMThe burger chain says it has obtained new funding and will return a small-business loan it got to help weather the coronavirus crisis. has laid off or furloughed hundreds of its employees and needed the assistance, its CEO Randy Garutti and its founder Danny Meyer said in a statement seen Monday.But the company was able to get extra funding late last week through an “equity transaction” and decided to “immediately return" the $10 million paycheck protection loan it obtained through the .It said, “we’re fortunate to now have access to capital that others do not. Until every restaurant that needs it has had the same opportunity to receive assistance, we’re returning ours."The letter said shutdowns due to the coronavirus pandemic threaten $800 billion in
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