Shake Shack Is Returning $10 Million Government Loan - Here's Why

Shake Shack, a popular burger chain, received $10 million dollars in government assistance through the Paycheck Protection Program (PPP) meant for small businesses during the Coronavirus crisis.
Now, the fan-favorite restaurant is returning the loan to the government after funds ran dry and many struggling small businesses have not received any funds.
The fine print of the PPP states that as long as a restaurant employs less than 500 people per location, they are qualified for the loan.
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