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:
Providing Resources & Support to Your Furloughed Workers
If you’ve been forced to furlough some of your staff, it’s important to make sure they know that they are still valued members of your team. This can be accomplished through regular communication and by connecting them with local and national resources that can offer them additional support.
Shelby Stark – DEEM Winner May 2020
Delivering Excellence in Every Moment March 2018Shelby Stark Service Coordinator/DispatcherNominator: Chris Gansen For: Being a Problem Solver "She has been willing to take charge on our new inventory organization, and is leading the conversion efforts to change our...
The Top 5 Things You Need to Do to Reopen
When the time comes for your establishment to reopen, chances are you will not be able to just go back to business as usual. Not only does taking the proper precautions protect the health of your staff and customers, showing them you are taking action will help them feel safe dining and working at your establishment.
Manager/Office Staff Cleaning & Maintenance Tasks
Your management staff will need to play a key roll during this transition. Not only are they paramount in connecting employees with ownership and accounting/bankers while we schedule hours to maintain cashflow until the PPP funding kicks in, they’ll be essential for maintaining a safe work environment when staff is working together.
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.