Earlier today, President Biden announced that beginning this Wednesday, only businesses with fewer than 20 employees will be allowed to apply for Paycheck Protection Program loans for a 14-day period.
This limited application period will last from February 24 through March 10. Click here to read more from Restaurant Dive.
The IRA recently announced a new partnership with ACAP and The Loan Source to serve as a source to help restaurant and hospitality industry businesses apply for PPP loans, and streamline the process for loan forgiveness.
If you are still seeking a lender to facilitate your PPP loan, please consider utilizing this resource for the hospitality industry.