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Author Topic: Rich people problem: Why apply for it just to get caught and then have to return  (Read 751 times)

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Offline theking

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..it...C'mon, if you don't need it, leave it for those that really need it..No need to be selfish and greedy and as a result makes things worst for society as whole.. "Just because you can doesn't mean you should"..::):

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Facing furor, Ruth's Chris high-end steak chain returns $20M small-business loan

The restaurant chain has been under fire for accepting stimulus loans earmarked for struggling small businesses.


Ruth's Chris Steak House will return the $20 million coronavirus small-business loan it procured from the government's $350 billion Paycheck Protection Program, the company announced Thursday.

The PPP was designed to throw a financial lifeline to the millions of small businesses who have seen revenues plunge due to social distancing lockdowns — but the hastily conceived program left thousands of applicants high and dry, after funds were snapped up in less than two weeks.

Ruth's Hospitality Group, which owns the Ruth's Chris Steak House brand, operates more than 100 steakhouses across the United States, Canada and Mexico. It managed to secure two $10 million loans, one for each of its subsidiaries.

Cheryl Henry, CEO of Ruth's Hospitality Group said in a statement that the company was eligible for the funds it had applied for in order to protect employees and their families.

"We intended to repay this loan in adherence with government guidelines, but as we learned more about the funding limitations of the program and the unintended impact, we have decided to accelerate that repayment," said Henry. "It is our hope that these funds are loaned to another company to protect their employees."

With fewer than 500 employees at each location, the company argued that it does meet the eligibility requirements for the loan and has had to furlough some employees.

However, the chain has been under fire for accepting stimulus loans earmarked for struggling small businesses, not multimillion-dollar corporations.



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Offline hmgROCK

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SHAMELESS

Bro

Welcome to the real world

Lol



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God did not created man...man created god

Offline hmgROCK

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I never ate there before
Is their steak good?

Grass feed angus?



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God did not created man...man created god

Offline theking

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Rich or poor...SHAMELE SS FRAUDs will always be SHAMELESS FRAUDs.. ;D

Until they can complete the 12 steps... O0



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Offline hmgROCK

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What you talking about



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Offline theking

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Selfish greedy SHAMELESS FRAUDs with zero "compassion"..



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Offline hmgROCK

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damn

you finally WOKE!
what did you expect

i would take it too
FREE MONEY

why not



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Offline theking

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NOT surprised..com ing from someone that purposely go "underground" to steal from the poor and "make fun" of them by giving them "spoilage" food...



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Offline hmgROCK

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free fake money man
fresh off the printing press

i call these weeks ago




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Offline hmgROCK

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free fake money that is created out of thin air
fresh of the printer
still got that print smell





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Offline theking

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NOPE, you said it's "not real" and WISHFUL THINKING...

Which is why Reporter beat you.. ;D



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Offline theking

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free fake money that is created out of thin air
fresh of the printer
still got that print smell




SO MUCH FOR "WISHFUL THINKING"...WRONG AS USUAL.. ;D



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