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home / news releases / SHAK - Shake Shack Returns $10 Million Paycheck Protection Loan After Securing Funding Elsewhere

SHAK - Shake Shack Returns $10 Million Paycheck Protection Loan After Securing Funding Elsewhere

Shake Shack Inc. Class A

Shake Shack (NYSE: SHAK) says it will return the $10 million Paycheck Protection Program (PPP) loan it received before the program ran out of money last Wednesday.

The high-end fast-casual burger chain, which was criticized for securing a loan as it generates almost $595 million annually in sales, said it was able to secure equity funding through other means.

Image source: Shake Shack.

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Stock Information
Company Name: Shake Shack Inc. Class A
Stock Symbol: SHAK
Market: NYSE
Website: shakeshack.com
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