Opinion: Relief funds for restaurants hit by COVID are simple to get
Mary Lauren Bobango Stewart
Mary Lauren Bobango Stewart is a lifelong Memphian and an attorney with Farris Bobango PLC.
Every eligible restaurant should seize the opportunity of the Restaurant Revitalization Fund while it lasts. The only downsides are having to fill out an application and track the used funds.
Related stories
PPP loans: What you need to know
PPP loans issued after June 5, 2020 have a maturity of five years at an interest rate of 1%.
Restaurant Reboot: Staffing in pandemic’s wake is a ‘disaster’
With enhanced unemployment benefits and better-paying distribution jobs, restaurateurs don’t know when they’ll be fully staffed. Worse, they’re still uncertain when they’ll be back to 100% capacity.
Economy recovering, but it won’t look the same, experts say
The pandemic will need to end before businesses shift gears to full recovery mode, according to Douglas Scarboro, regional executive with the Memphis Branch of the Federal Reserve Bank of St. Louis, who said, “July 1 seems like a key revaluation point.”
Comments have been disabled on this story.