Guest Blog: PPP Loan Forgiveness for Restaurants
Restaurant365
JUNE 4, 2020
Renegotiating leases now, offering payment of current and past obligations while negotiating for reduced future rent or rent deferrals during a later period, is likely a wise plan. Headcount reductions are common within the restaurant industry. Not more than 25% of the loan forgiveness amount can be attributable to non-payroll costs.
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