Rapids wants to be sure as many restaurant and hospitality businesses as possible are aware of the federal funding available through programs like the CARES Act to help get them through these incredibly difficult times.
The CARES Act refers to the Coronavirus Aid, Relief, and Economic Security Act, legislation recently passed by the United States government. The relief package includes the Paycheck Protection Program, which is designed to provide 100% federally guaranteed loans to small businesses and certain nonprofits.
The loan can be used for a variety of expenses related to your employees, such as payroll compensation, group healthcare benefit payments, separation allowance, etc.
If you are a business with fewer than 500 employees, you are eligible not only for the Paycheck Protection Program, but also for SBA Loan Forgiveness. All businesses should confer with their bank to discuss details as it pertains to them specifically.
Watch our video below to learn more about how this program can help your operation receive critical funding, bring your teams back to work, and keep serving your devoted customer base the meals that they love!
Estimate the potential maximum loan and loan forgiveness amount you qualify for:
Manager/Office Staff Cleaning & Maintenance Tasks
Your management staff will need to play a key roll during this transition. Not only are they paramount in connecting employees with ownership and accounting/bankers while we schedule hours to maintain cashflow until the PPP funding kicks in, they’ll be essential for maintaining a safe work environment when staff is working together.
Back-of-the-House Staff Cleaning & Maintenance Tasks
Cleaning your back-of-the-house operations may not seem like a big deal post-COVID-19 – if you don’t have an open kitchen, the customers don’t go back there, right? Well, think of this as an opportunity to show your customers just how much sanitation and customer safety is a priority for you and your restaurant.
Bar Staff Cleaning & Maintenance Tasks
Your bar and beverage services have undoubtedly seen a reduction while the COVID-19 outbreak has closed down nearly all of our dining rooms. Use this temporary lull in service to deep clean your bar areas. Now is the best time to pull equipment out from the bar and away from the walls to clean, sanitize, and re-organize.
Front-of-the-House Staff Cleaning & Maintenance Tasks
During this down time, while many of our dining rooms are closed to protect us all from coronavirus exposure, those of us fortunate enough to remain on the payroll will likely need something to do. We should absolutely take this time to take care of many of the projects that we’ve put off or postponed.