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

Trump pushes Fed for lower rates, but consumers may be better off with a hike, experts say
A Chinese humanoid startup flips ‘distillation’ claim on OpenAI as it releases a new robotics model
Ant International partners with Visa, Mastercard on developing AI payments
How one hedge-fund manager built his firm to be powered entirely by AI agents
Social Security COLA for 2027 may be 3.5% to 3.6%, new estimates show — the highest in 3 years

Leave a Reply

Your email address will not be published.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