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502 The Small Business Administration will stop requesting additional financial information for PPP loans greater than $2 million.(Twitter/Bloomberg) The Small Business Administration (SBA) announced it will eliminate the loan necessity review for Paycheck Protection Program (PPP) loans of $2 million or more. The announcement is a 180 degree turn for the agency. The SBA received widespread backlash in the early days of the pandemic for allowing publicly traded companies to receive PPP funds while small and minority businesses were ignored. In its announcement the SBA added it will publish a FAQ on the subject soon. Carmen Calzacorta, an attorney with Schwabe, Williamson & Wyatt, told INC the change is “a time and money savings.” ....
The treats might be frozen, but Fort Wayne s reception to the Kona Ice franchise has been nothing but warm. Now the owners are expanding their busine . ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Ruth’s Hospitality Group, Inc. Reports Fourth Quarter With a Return to Positive Net Income March 5, 2021 GMT WINTER PARK, Fla. (BUSINESS WIRE) Mar 5, 2021 Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its fourth quarter and fiscal year ended December 27, 2020. Business and Liquidity Update: At the end of the fourth quarter of 2020, 91% (70 of 77) of company-owned and managed restaurants were open, which included 48 restaurants offering limited capacity dining service, three restaurants offering outdoor seating only, and 19 restaurants offering to-go and delivery service only. Beginning in the second half of November, the Company faced an increasing number of local COVID-19 pandemic-related governmental restrictions, including ....