Mnuchin Says He's 'Pleased' Shake Shack Returned Entire $10 Million Loan
Description
U.S. Treasury Secretary Steven Mnuchin said more than 1 million small businesses with less than 10 employees have received aid from the Paycheck Protection Program at Tuesday's White House coronavirus briefing.
He also said he's "pleased" that U.S.-based burger chain Shake Shack will return its entire $10 million loan from the U.S. government after it received widespread criticism over who got access to the funds aimed at saving small businesses before they were depleted.
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
QUICKTAKE ON SOCIAL:
Follow QuickTake on Twitter: twitter.com/quicktake
Like QuickTake on Facebook: facebook.com/quicktake
Follow QuickTake on Instagram: instagram.com/quicktake
Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
Email us at [email protected]
QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.
Comments