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Mass tourism sector appeals to state for more help
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Hyannis company s louvered roofs gaining popularity for outdoor dining
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St Patrick s Day 2021: Local Irish pubs pare down celebrations
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For the first time, we can see the other side : The stimulus and spring are coming for restaurants
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Financial help for restaurant owners
For those in the hard-hit restaurant and hospitality industry, the second round of PPP loans also increased the borrowing cap from 2.5 times their normal payroll to 3.5 times.
“They knew these guys needed more help than the average borrower,” said James Quitadamo, chief credit officer for the Cooperative Bank of Cape Cod.
One sign that may indicate business owners are feeling more confident about the future this year is that there isn’t the same frenzied rush to get in on the second round of PPP loans. Last year, the first round of loans ran out of money within 13 days and the program needed a supplemental Congressional appropriation to refund it.