#potbelly corp

[khabrisala]

Are you having second thoughts about that PPP loan? You have until May 14 to pay it back

Are you having second thoughts about that PPP loan? You have until May 14 to pay it back

Business owners who received loans through the Paycheck Protection Program and don’t need it have until May 14 to return the cash.

The PPP – a forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest and other expenses – was just refilled to the tune of $310 billion on April 27.

Since then, approximately 2.2 million loans have been…

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[khabrisala]

Subway CEO defends franchise owners who applied for coronavirus small business loans

Subway CEO defends franchise owners who applied for coronavirus small business loans

Subway CEO John Chidsey on Wednesday defended the company’s franchisees who applied for small business loans to help offset the economic impacts from the coronavirus pandemic.

“We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece,” Chidsey said on CNBC’s “Squawk on the Street.”

“We are the ultimate mom-and-pop, if you will, and totally woven into…

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[khabrisala]

Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans

Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans

Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog Neil Barofsky.

“You have to go back to the design of the program itself,” Barofsky told CNBC on Thursday.

“I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants,” he said on “Closing Bell.”“…

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[b360news]

Washington to blame for large companies taking small business loans: Ex-TARP watchdog Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog 

[b360news]

Potbelly to return $10 million PPP loan after outrage A sign alerts Potbelly Sandwich Shop customers that it is open for pick-up and takeout only due to the coronavirus outbreak in Washington, D.C., U.S., on Tuesday, March 17, 2020.

[b360news]

Shake Shack CEO says chain ensured ‘long-term stability,’ will return $10 million PPP loan Shake Shack CEO Randy Garutti on Monday said the company is returning its $10 million loan from the Paycheck Protection Program after accessing other kinds of capital through the public markets.