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NewsColony Trump administration extends deadline to return PPP loans © Bloomberg An employee holds take-out orders at a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. Shake Shack Inc. will return a $10 million loan from the U.S. government amid criticism that the publicly traded burger chain and other larger companies gobbled up the emergency funding while smaller businesses were frozen out. (Bloomberg) — The Trump administration is extending until May 14 the date that companies can return loans from a popular coronavirus relief program without penalty. The U.S. Treasury Department and Small Business Administration had set May 7 as the date for firms to repay loans from the Paycheck Protection Program, but said in updated guidance posted on Tuesday that it’s extending the repayment date by a week. Treasury Secretary Steven Mnuchin clarified that the program wasn’t designed for large companies with access to other sources of capital after public outr...