(www.buzzfeednews.com)
Written By joeo10
2020-04-20T21:28:39Z
Along with Potbelly and Ruth's Chris Steakhouse, Shake Shack was one of several large restaurant companies with thousands of workers that successfully applied under the Paycheck Protection Program (PPP). The $350 billion government-backed loan program was created to help small businesses pay staff. The federal law that established the program allowed restaurants and hotels to apply as long as they had no more than 500 employees working at a single location.
Like I said, most small businesses just got fucked over as usual thanks to our incompetent government.
Several large restaurant groups led by multi-millionaire CEOs had successfully obtained loans meant to aid small businesses amid the coronavirus pandemic