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

The owner of Ruth’s Chris Steak Home chain stated it might per chance per chance return $20 million after the Treasury Division asked publicly traded firms to repay loans they bought from a federal program meant to relief limited firms.

Ruth’s Hospitality Team Inc. used to be among roughly 150 public firms that bought virtually $600 million in forgivable loans this month from the federal Paycheck Protection Program. This arrangement used to be created to relief struggling limited firms duvet payroll and accept as true with Americans employed all the arrangement thru the coronavirus…