Mark Cuban on Shake Shack initially taking small business loan: ‘You’re going to kill your brand’

Small Business

Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. 

Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. 

Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that entrepreneurs were being “left out in the cold.” 

The Paycheck Protection Program, which initially had $349 billion allocated to it, ran out of money last week. The Senate could potentially vote to replenish the fund on Tuesday. 

— Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” on which Mark Cuban is a co-host. 

Articles You May Like

Why brands like E.l.f., Wendy’s and Gap are branching out into original music
The 25 Best Places To Retire If You Love Arts, Fine Dining And The Outdoors
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Little relief expected for gas prices ahead of Election Day, according to prediction markets
How event contract bundles are boosting volume on prediction markets

Leave a Reply

Your email address will not be published. Required fields are marked *