Home Latest News Ruth’s Chris to Repay Federal Small-Business Loan - The Wall Street Journal

Ruth’s Chris to Repay Federal Small-Business Loan – The Wall Street Journal


With general public scrutiny of the coronavirus rescue intensifying, the Treasury Office asked publicly traded organizations to repay loans they acquired from a federal application supposed to assist small firms.

Ruth’s Hospitality Team Inc., the operator of the Ruth’s Chris Steak Dwelling chain, reported Thursday it would refund $twenty million. It was among a hundred and fifty community organizations that gained just about $600 million in forgivable loans this month from the Paycheck Security Software. The federal software was created to assistance struggling small firms…

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