Treasury Makes Coronavirus Loan Terms Less Favorable
For small business. The Treasury Department changed the terms on some loans it’s offering to small businesses during the coronavirus pandemic, making them less favorable for borrowers, experts say. The loans at issue are being made through the Paycheck Protection Program, which offers up to $10 million in forgivable loans to businesses with 500 or fewer employees.
Restaurant Sues Insurer
Over Virus Coverage. Like many restaurants, Restaurant Nicholas in Red Bank has an insurance policy with a “business interruption” provision. It covers various emergencies. One emergency it doesn’t cover, according to Nicholas Harary, owner of the restaurant, is viruses. Harary’s carrier is Liberty Mutual. “They are saying we are closed because of the coronavirus. But there is no virus at Restaurant Nicholas. We are closed because of government order.”
Did You Know?
Bill Gates says foundation will invest billions in fight to stop COVID-19. Our foundation is trying to be as helpful in a very constructive way as possible. And that’s why I’ve talked to the head of the pharmaceutical companies. We’ve talked to a lot of the agencies, including — CDC and NIH about how we work together on the vaccines and the drugs,” Gates said. His foundation has already donated $100 million to fight the virus. But a vaccine, he says, is the only thing that will allow us to return to normal.
Employee Tip
Homeschooling Pros Say You Don’t Need to Recreate Your Kid’s Exact School Schedule to Be Successful. As the novel coronavirus continues to spread around the world, thousands of schools have closed in an effort to slow down the disease, leaving many parents grappling with this question: In the face of so much uncertainty, how can we ensure that our children’s education continues?
If you’re feeling anxious and overwhelmed as you wait to hear when schools will reopen, know that you are not alone as a new homeschooling parent — and that there are excellent options for keeping your child learning.
Restaurant Industry Daily Alerts
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Thank you and remember all of the “Restaurant Industry Alerts” can be found at www.123bsc.com/news/. We intend to continue to keep you informed as we all look for an end to this crisis.
