Small-Business Borrowers Can Apply
For loans starting April 3, Treasury Department says. Small businesses and sole proprietorships, generally, those with 500 or fewer employees, may apply for PPP loans starting on Friday, April 3; independent contractors and self-employed workers can apply starting April 10. PPP loans will be fully forgiven when used for payroll costs, interest on mortgages, rent and utilities, with at least three quarters of the forgiven amount being used for payroll; forgiveness is based on employers maintaining headcount or quickly rehiring and maintaining salary levels.
Did You Know?
Bielat Santore & Company Kicks Off Thursday Restaurant Rap tomorrow. Bielat Santore & Company, the Allenhurst, NJ commercial real estate firm, specializing in the sale of food and beverage real estate and businesses, is launching a new series called “Restaurant Rap” tomorrow. This series, which will appear each Thursday within the company’s Restaurant Industry Alert daily bulletins, presents recorded virtual video interviews with local restauranteurs and other industry professionals, many of who are the firm’s clients, customers and associates.
“We want to offer our readers the ability to see and hear first-hand what restaurant owners, bankers, accountants, lawyers, appraisers, vendors and the like are all doing during this nation-wide pandemic,” states Richard Santore, Vice President of the Allenhurst, NJ firm. The series starts tomorrow, April 2, with an exclusive interview with Angelo DiCapuo, CEO, MJ’s Restaurants.
Watch Chefs Offer Online Cooking Demos During Coronavirus Pandemic. As people stay home to #flattenthecurve and prevent the spread of coronavirus, several chefs and industry professionals have found a way to engage with social-distancing viewers via virtual classes.