Mnuchin Says He’s ‘Pleased’ Shake Shack Returned Entire $10 Million Loan

U.S. Treasury Secretary Steven Mnuchin said more than 1 million small businesses with less than 10 employees have received aid from the Paycheck Protection Program at Tuesday’s White House coronavirus briefing.

He also said he’s “pleased” that U.S.-based burger chain Shake Shack will return its entire $10 million loan from the U.S. government after it received widespread criticism over who got access to the funds aimed at saving small businesses before they were depleted.

Subscribe to our YouTube channel:

Follow QuickTake on Twitter:
Like QuickTake on Facebook:
Follow QuickTake on Instagram:
Subscribe to our newsletter:
Email us at

QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.

Leave a Comment