The Paycheck Protection Program, Round Two
PYMNTS
APRIL 22, 2020
Facing public outcry over its $10 million PPP loan, Shake Shack parent Union Square Hospitality Group ( USHG ) announced that it will return its funds, as it has access to other capital to help it stay afloat and pay more employees during the pandemic. . USHG noted that it’s burning through money and facing operating losses of over $1.5
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