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It feels like we re back to March For the most recent PPP loans, businesses must have fewer than 300 employees and prove a revenue reduction of 25%, among other things, to qualify. Most borrowers can receive up to 2.5 times their average monthly payroll cost one year prior to the loan. But those in the restaurant industry can get up to 3.5 times their average payroll cost. The maximum amount per second draw loan is $2 million (as opposed to the first round s maximum of $10 million), and like the first round, 60% must be spent on payroll and alike expenses to qualify for forgiveness. Luca Di Pietro, owner of the Tarallucci e Vino restaurant group in Manhattan says the restrictions on spending are problematic and the package is not enough to salvage the industry.

New yorkUnited statesAmanda cohenAndrew cuomoRestaurant coalitionNational restaurant associationPaycheck protection programSmall business administrationNew york cityDirt candyDirty candyIndependent restaurant coalitionNational restaurantTom beneபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்