Taco Cabana receives $10M small business relief loan

San Antonio-based restaurant chain Taco Cabana received a $10 million loan under the U.S. Small Business Administration’s Paycheck Protection Program as part of the CARES Act.

On April 8, JPMorgan Chase Bank N.A. granted the loan to Taco Cabana, a subsidiary of Dallas-based Fiesta Restaurant Group (Nasdaq: FRGI), according to a Form 8-K filed by the parent company with the U.S. Securities and Exchange Commission April 14.

While only small businesses with less than 500 employees are eligible for…

Source: The Business Journal