April 23, 2020 / 9:29 PM / a month ago

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

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. (Reporting by Hilary Russ; Editing by Sandra Maler)

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