

Demand Fogo De Chao Return the $20,000,000 PPP Loan


Demand Fogo De Chao Return the $20,000,000 PPP Loan
The Issue
Yet another one folks. Fogo de Chao needs to return the $20,000,000 PPP loan it unethically obtained. Fogo de Chao is an international Brazilian steakhouse with over 40 locations nationwide, with $300,000,000 in annual revenue and approximately 3,500 employees. Fogo de Chao is a subsidiary of Rhone Group, a global private equity firm headquartered in New York City, so the company clearly has access to capital markets.
Every day this crisis goes on your friends, neighbors, and family members are shuttering their REAL small businesses. Just because this big businesses CAN do something does not mean they SHOULD. This is a time of crisis, and firms and individuals should stand together to support true American small businesses.
The Issue
Yet another one folks. Fogo de Chao needs to return the $20,000,000 PPP loan it unethically obtained. Fogo de Chao is an international Brazilian steakhouse with over 40 locations nationwide, with $300,000,000 in annual revenue and approximately 3,500 employees. Fogo de Chao is a subsidiary of Rhone Group, a global private equity firm headquartered in New York City, so the company clearly has access to capital markets.
Every day this crisis goes on your friends, neighbors, and family members are shuttering their REAL small businesses. Just because this big businesses CAN do something does not mean they SHOULD. This is a time of crisis, and firms and individuals should stand together to support true American small businesses.
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Petition created on April 23, 2020