The burger chain Shake Shack is returning the $10 million loan from the Fed. The loan was intended to assist small businesses in the country suffering from the near nationwide shutdown. Shake Shack is a $1.7 billion company.
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain’s chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.
https://www.cnbc.com/2020/04/20/burger-chain-shake-shack-to-return-10-million-government-loan.html
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