Companies

Nathan’s Famous Hot Dog Chain Returning $1.2 Million COVID-19 Relief Loan

Nathan’s Famous Hot Dog Chain Returning $1.2 Million COVID-19 Relief Loan
A New York City police officer monitors events during the 2019 Nathan's Famous Fourth of July hot dog eating contest on Coney Island, New York, on July 4, 2019. Don Emmert/AFP/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Nathan’s Famous hot dog chain has joined the ranks of companies returning COVID-19 relief loans amid outrage over big firms tapping the emergency funds meant to keep mom and pop shops afloat during the pandemic.

The Coney Island restaurant, known for hosting an annual hot dog eating contest, announced in a Monday filing with the Securities and Exchange Commission that it would return the $1.2 million it had received under the Paycheck Protection Program (PPP), the small business loan scheme that was so popular it ran out of money.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
twitter
Related Topics