Shake Shack returns $10M emergency loan to government

Published April 20, 2020 10:01am ET



Shake Shack has decided not to accept a $10 million loan from the government through an emergency program designed to help businesses pay workers and stay open during the coronavirus pandemic.

Shake Shack, a New York-based burger chain, is one of many companies bringing in hundreds of millions of dollars annually that received financial assistance from the $349 billion Paycheck Protection Program, which has already run out of money.

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