Shake Shack Returning $10M <br />Emergency Loan to Government The company was awarded <br />the loan as part of the <br />Paycheck Protection Program (PPP), an emergency program intended for small businesses <br />to be able to pay workers and keep things running <br />amid the COVID-19 health crisis. The loan was part of a <br />$349 billion stimulus package that <br />ran out of funding last week. There has been backlash over who is receiving the funds, <br />as several media outlets have reported that larger and <br />corporate businesses took much of the money. On Monday, Shake Shack CEO Randy Garutti <br />and chairman Danny Meyer revealed <br />their decision to return the money. Garutti and Meyer, via open letter on LinkedIn According to CNN, the burger chain expects to be able to <br />raise up to $75 million from investors by selling shares. Garutti and Meyer are calling on the <br />Small Business Administration to <br />increase funding to the program. President Donald Trump spoke <br />about the issue on Sunday. President Donald Trump, via CNN
