What’s Next with Paycheck Protection Program (PPP) for Restaurants?

The Small Business Administration (SBA) and US Treasury department’s PPP loan forgiveness application was released on May 15, 2020 (Forgiveness Application). The much-awaited guidance does little to address the unique challenges afflicting the restaurant industry. Under the current guidelines, restaurants may find it impossible to take advantage of one of the cornerstones of the PPP program: loan forgiveness.  

To read the full publication, click here. 

© 2020