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Texas restaurants may see some relief under Congress $900 million stimulus package

Posted By Nina Rangel on Wed, Dec 23, 2020 at 2:23 PM click to enlarge Shutterstock Congress’ recently approved $900 million stimulus package includes more relief for restaurant operators via another round of federal Paycheck Protection Program loans, the This time, PPP applicants in the restaurant industry can draw at 3.5 times their average monthly payroll, compared to other industry sectors, which will be capped at 2.5 times their average monthly payroll. Those who are granted the forgivable loans will also see more practical expenditure guidelines. This time around, purchases of personal protective equipment, cleaning products and costs associated with reconfiguring spaces to accommodate social distancing will be allowed which wasn t the case in the first round of PP

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