Iconic Austin Tex-Mex chain granted $300,000 emergency loan to pay employees
KVUE — On Monday, an advisor to Trudy's Tex-Mex told KVUE that a judge has approved an emergency order for a more than $300,000 loan so the restaurant can pay back its employees after filing for bankruptcy in January.
Additionally, Trudy's has been allowed advisory help, which will be provided by the owner of Austin's El Arroyo Mexican restaurant.
Employees are expected to get checks on Monday afternoon. The loan's total amount is $332,108.15.
Just in: An advisor to @TrudysTexMex says a judge approved an $300,000 plus emergency loan so back employees can now be paid. Agreement made on Friday. Popular restaurant filed for bankruptcy last month to stabilize business. More to come. @KVUE— Jenni Lee (@JenniL_KVUE) February 24, 2020
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