PotBelly Nola
Restaurant · Central City ·
Lamb chops, pasta, stuffed peppers, and refreshing lemonade.
Lamb chops, pasta, stuffed peppers, and refreshing lemonade.
"This sandwich chain has warned investors it may be forced to close around 100 stores and could potentially shutter permanently before the end of the year, according to an SEC filing citing a probable inability to meet current covenant requirements. The company says the pandemic has further strained its financials and left its future uncertain; loyal customers may ultimately lose another familiar quick-serve option — particularly known for its popular cookies — if closures proceed." - Jaya Saxena
"Rescinded a $10 million PPP loan after public criticism about chains tapping relief funds intended for small businesses." - Caleb Pershan
"This multi-location sandwich chain was publicly excoriated for taking substantial PPP loans amid the pandemic; its ability to apply was enabled by the CARES Act adjustment to consider employee counts per physical location, a rule whose origin the chain said was not from its own lobbying." - Caleb Pershan
"A national sandwich chain that was reported to have received a large PPP loan during the initial relief rollout, serving as an example of bigger companies tapping limited funds intended to help small businesses weather the pandemic." - Hillary Dixler Canavan
"The 470-location sandwich chain obtained two $10 million PPP loans (totaling $20 million), with the funding routed through major lenders such as JPMorgan Chase. The chain’s access to sizable loans exemplified how existing relationships with big banks enabled national operators to secure program funds that many independent restaurants struggled to obtain." - Caleb Pershan
Lyrie M.
Robert N.
Kerry K.
Lanecha T.
Shawn M.
DS, D.
Danielle L.
Joe
Douglas B.
Bee R.
Shawn M.
Ladarion W.
Gregg N.
Edwin W.
Khalia G.
Chrissy P.
arthur h.
Jevon B.
Nola G.
Simone F.
Quinn B.
Demetrese P.
Sharrell P.
