facebook pixal

government

Financing

Restaurants say the PPP needs more than just additional funds

Operators say the process was an ordeal, and the terms may yield less assistance than was intended.

Financing

Federal relief loan programs run out of money

The SBA says it has stopped accepting PPP applications. Restaurants that applied for the agency’s other COVID-19-related relief loans will be processed on a first-come, first-served basis.

Nearly two dozen industry representatives, from chain CEOs to owner-operators and suppliers, will serve as a sounding board.

The relief funds have flowed to operations such as Ruth’s Chris and Potbelly.

The 12 participating associations and trade groups are pushing for four specific forms of relief.

Changes are needed in the current programs to avoid further devastation of the industry, the National Restaurant Association told congressional leaders. Those adjustments would be in addition to billions more in aid.

For the first time, the federal agency said it's OK to hire essential workers who may have been exposed to the coronavirus. Just take their temperature and have them wear face masks.

The directive is the latest effort to increase safeguards for staff members providing takeout and delivery service.

The largest public assistance measure in American history is an imposing tome of legalese and technical language. Here are the parts with particular relevance for foodservice.

Treasury Secretary Steve Mnuchin says measures will allow closed restaurants to continue paying their employees. Loans and direct payments to consumers would be part of a $1 trillion relief package.

  • Page 3