Ruth's Chris owner to speed repayment of federal rescue loan

Ruth's Hospitality

23/04/2020 22:16

April 23 (Reuters) - Ruth's Hospitality Group Inc, owners of
the Ruth's Chris Steak House chain of restaurants, on Thursday
said it would accelerate its repayment of $20 million of federal
rescue loans it received to help maintain payroll through the
coronavirus crisis, a program aimed at small businesses.
    The announcement came after the U.S. Treasury said a highly
valued public company would have a hard time getting a
coronavirus relief loan in the next round of funding.
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 (Reporting by Hilary Russ; Editing by Sandra Maler)
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