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:
Efficiency and Savings in Commercial Refrigeration
Efficiency and Savings in Commercial RefrigerationRunning a successful commercial kitchen means balancing performance, durability, and operating costs. While it’s tempting to shop only on upfront price, refrigeration is one of the largest ongoing expenses in...
Rapids Helps Spark Nechus’ Dream at NewBo City Market
Rapids Helps Spark Nechus’ Dream at NewBo City MarketWe’re proud to share some exciting news from NewBo City Market - one of its newest vendors, Nechus South American Food, has officially opened its doors, and Rapids was honored to play a role in making it happen. As...
Inspiring Bakery Design and Bakeshop Layout Ideas
Inspiring Bakery Design and Bakeshop Layout IdeasWhen people walk into a bakery or pastry shop, they’re looking for more than bread, cakes, or croissants. The atmosphere, layout, and overall bakery design play a big role in how customers experience your brand. A...
Efficient Bid Process for Foodservice Equipment Across Industries
Efficient Bid Process for Foodservice Equipment Across Industries The process of bidding for foodservice equipment doesn’t have to be complicated. Whether you’re in healthcare, hospitality, restaurant and bar management, or running a cafeteria, the steps to create an...
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.