Facing furor, Ruth’s Chris Steak House to return $20M small-business loan

Faced with mounting criticism, Ruth’s Chris Steak House will return the $20M loan it secured through the government’s relief program for small businesses. The $349B Paycheck Protection Program was designed to infuse cash into businesses with fewer than 500 employees. A loophole in the bill allowed large chains — including Ruth’s Hospitality Group — to apply for loans for each of its subsidiaries.