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:
Tom Roberts – DEEM Winner June 2025
Delivering Excellence in Every Moment June 2025Tom Roberts Solutions Engineer Nominator: Steven West For: Cultivating Community"I would like to recognize and celebrate Tom Roberts for being an extraordinary member of our team. Tom consistently goes above and beyond...
What is CFSP Certification and Why Does it Matter?
What is CFSP Certification and Why Does it Matter?If you work in the foodservice industry or manage commercial kitchens, you might have heard about CFSP Certification. But what is it, and why is it important? At Rapids Contract, we know that the Certified Food Service...
Small Coffee Shop Design Ideas That Maximize Space and Attract Customers
Small Coffee Shop Design Ideas That Maximize Space and Attract CustomersWhether you’re opening a neighborhood bakery or launching a modern espresso bar, your space needs to work hard for both form and function. A well-thought-out design improves workflow, encourages...
Upgrading Your Menu? Make Sure Your Kitchen Is Ready
Upgrading Your Menu? Make Sure Your Kitchen Is ReadyRefreshing your menu is one of the most effective ways to keep your foodservice operation relevant, profitable, and exciting. Whether you're a restaurant owner looking to attract new customers or a school cafeteria...
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.