Back to the ‘Grind’ – Restaurant Reopening Guidelines and PPP Update

13 Min Read By MRM Staff

For additional resources, click COVID-19 Survival Guide for Restaurants and MRM Restaurant Survival Guide, Second Course and MRM Restaurant Survival Guide, Part Three, What’s Next?: MRM Restaurant Survival Guide Updates, COVID-19 Resources for Restaurants, PPP Part Two and More News Restaurants Need to Know Now and Restaurant Reopening Resources.The Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. 

The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.

The form and instructions include several measures to reduce…