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Stock impact report

Treasury says some public companies not eligible for small-business loans after backlash [Yahoo! Finance News]

Potbelly Corporation (PBPB) 
Last potbelly corporation earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.potbelly.com/investor-relations
Get all the latest news on coronavirus and more delivered daily to your inbox.Sign up hereThe Treasury Department said Thursday that wealthy public companies likely do not meet the necessary certifications to tap government-backed loans intended to helpsmall businesses“It is unlikely that a public company with substantial market value and access to capital markets will be able to make the required certification in good faith, and such a company should be prepared to demonstrate to SBA, upon request, the basis for its certification,” the Treasury said in new online guidance about the Paycheck Protection Program.JPMORGAN'S SMALL BUSINESS RELIEF GIVES MILLIONS TO BIG RESTAURANT CHAINS, PROMPTING BACKLASHThe agency told businesses to take into account their “current business activity and their ability to access other sources of liquidity” to support their operations before turning to the PPP. If borrowers accessed the aid before the Treasury issued the new guidance and repay the entire lo Show less Read more
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