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:
Tylor Pairrett – DEEM Winner July 2018
Delivering Excellence in Every Moment July 2018Tylor Pairrett Service Technician Responds to service calls and visits on-site to repair equipment, and to install it. Nominator: Chris Gansen For: Putting the Customer First "I received a message from our Rep Paul...
Benefits of Working with a ServSafe Certified Professional
Food safety is a crucial element for any establishment that serves food or drink. It protects both your employees and customers, as being exposed to rotten or contaminated food can risk the health of everyone involved. It can also contribute to the success of your business, as very little ruins the reputation of a restaurant faster than food that makes the customers sick.
Tom Roberts – DEEM Winner June 2018
Delivering Excellence in Every Moment June 2018Tom Roberts Contract & Design Specialist Rapids Contract and Design specialists have the capabilities, experience and resources to handle any individual or supply project from concept to implementation, and they work...
Self-Contained Refrigeration Failures
Evaluating the long-term cost of ownership for equipment purchases involves not only the initial purchase price, but also repair, maintenance, and energy consumption costs.
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.