Shake Shack gives back $10 million loan
I thought it was worth noting that out of all the companies who got the Corona loan through the government, and perhaps shouldn’t have, Shake Shack is one to actually give back their $10 million loan.
We still have others, like Ruth’s Chris, who have also got massive loans, when I wouldn’t qualify them as small businesses. In times of hardship like this, I think consumers will remember the poor actions of certain companies and act accordingly when things get back to normal.
Kudos again, Shake Shack!