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Ruth's Chris Returning Fed Loan After Backlash

Video Credit: Wochit Business - Duration: 00:36s - Published
Ruth's Chris Returning Fed Loan After Backlash

Ruth's Chris Returning Fed Loan After Backlash

The owner of the Ruth's Chris Steak House has said it will repay $20 million in federal loans.

This is only after facing backlash for its access to the money, reports Busines Insider.

The aid the major steakhouse chain received was meant to aid small businesses.

It's possible that Ruth's needed the funding, as restaurants face declining revenues.

But the company has also enjoyed several years of profits.

Last year, Ruth's earned a profit of $42 million on revenue of $468 million.


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