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:
Dana Mitchell – DEEM Winner May 2018
Delivering Excellence in Every Moment May 2018Dana Mitchell Accounts Payable Manager Verifies the accuracy of all invoices and ensures payment is made within terms. Nominator: Deb Nicholas For: Being Personally Accountable "In continuing her pursuit of the perfection...
The 2018 RapidsCares Eastern Iowa Donation Goes to…Café 361!
Each year, Rapids Contract donates 5% of the proceeds from our Volition line to an organization that improves the lives of those in our community. Our 2018 Cedar Rapids branch recipient is Café 361.
Designing an Effective Cookline
Having the right equipment (in the right configuration) in your cookline can make or break your bar or restaurant.
Experience the Best of Vollrath at the Vollrath Experience Tour!
Find out what makes Vollrath a top vendor in the foodservice industry by attending the Vollrath Experience Tour on Thursday, May 17th, from 11:30 am to 12:00 pm. Their mobile showroom will be parked at Rapids Contract (6201 S Gateway Dr. in Marion, IA).
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.