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:
Christy Hodnefield – DEEM Winner May 2019
Delivering Excellence in Every Moment May 2019Christy Hodnefield Director of Design - ASID, IIDA, LEED Green AssociateNominator: Luke Green For: Being Personally Accountable "While at a Foodservice Coordination meeting this week on a jobsite, we were discussing some...
Chad Summers – DEEM Winner April 2019
Delivering Excellence in Every Moment April 2019Chad Summers Assistant Manager of Rapids Restaurant Equipment in St. PaulNominator: Paul Adams For: Putting the Customer First "So the St Paul store has been a "little" understaffed in recent days. This can be an...
Raising the Bar | Enhancing the Bartender Experience Through Design
A new trend has emerged where the bartender experience has become just as important as the customer’s when it comes to bar design.
Luke Green – DEEM Winner March 2019
Delivering Excellence in Every Moment March 2019Luke Green Contract & Design SpecialistNominator: Miki Blair For: Being a Problem Solver "After a very stressful emotional week due to a loss of a family member, I ended up with water in my basement and had not...
LET’S FIND YOUR SOLUTION
Rapids Contract serves the United States with locations in Iowa, Minnesota, and Missouri!
Get in touch with one of our experts and let us know how we can help with any of your foodservice needs.
Talk to one of our experts right away and get immediate assistance. We are open Mon – Fri, 8am – 5pm CST.
Get in touch with one of our experts and let us know how we can help with any of your foodservice needs.
Talk to one of our experts right away and get immediate assistance. We are open Mon – Fri, 8am – 5pm CST.