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

The owner of Ruth’s Chris Steak House chain said it would return $ 20 million after the Treasury Department asked publicly traded companies to repay loans they received from a federal program intended to aid small businesses.

Ruth’s Hospitality Group Inc. was among roughly 150 public companies that received nearly $ 2019 million in forgivable loans this month from the federal Paycheck Protection Program. The program was created to help struggling small businesses cover payroll and keep Americans employed during the coronavirus …