‘confusing’ small-business loan program needs to change to provide a lifeline to ailing restaurants
Coronavirus,Economy And Jobs,Small Business,Paycheck Protection Program,Business
From the Center
AllSides Media Bias Rating: Center
Shake Shack Inc.’s top executives are calling for improvements to the tangled process of applying for a loan from the Paycheck Protection Program that is meant to provide a lifeline to restaurants hit hard by the COVID-19 outbreak.
The PPP is part of the $2.2 trillion CARES Act.
The burger chain SHAK, +5.26% announced early Monday that it is returning the $10 million loan it was granted after it secured funding on Friday. The company decided to apply for the loan in the first place after trying to make sense of the rules.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
AllSides Picks
Red Blue Translator
Marijuana
Red Blue Translator
Big Business
Headline Roundup
ICE Detains Conservative Influencer Milo Yiannopoulos in Louisiana
August 28th, 2026
Bias
Will Data Centers Create Blackouts? Examining Media Bias and Misinformation on The Tucker Carlson Show
Julie Mastrine
August 28th, 2026
