posts


By Restaurant Practice Leaders | July 07, 2020

The Impact of the CARES Act on Site Selection

One of the provisions of the CARES Act, passed in March, could have a significant positive impact on companies that are in growth mode and planning additional locations. While many recognize that the correction of the ‘retail glitch’ (as... read more


By Restaurant Practice Leaders | June 22, 2020

PPP Salary Limitation Clarification and Revised Application

As expected, since the passage of the PPP Flexibility Act, the Small Business Administration continues to release additional guidance. On June 17, 2020, guidance was provided relating to payroll cost limitations due to changes to the... read more


By Lisa Haffer | June 11, 2020

PPP Flexibility Act: Initial Guidance Released

Just one week after the passage of the PPP Flexibility Act, the Small Business Administration released the first of what we hope will be many pieces of interpretive guidance. Readers that have been following the many iterations of the... read more


By Jeff Tubaugh | June 04, 2020

Bill with Favorable PPP Changes for Restaurants Hits President’s Desk

On June 3, the Senate gave unanimous consent to the Paycheck Protection Program Flexibility Act of 2020 that passed the House on May 28, 2020. This stand-alone, bipartisan bill would allow more businesses to receive Paycheck Protection... read more


By Jeff Tubaugh | May 29, 2020

New Bill Introduces Favorable PPP Changes for Restaurants

In what is considered a tremendous victory for the restaurant industry, the House voted 417-1 on May 28, 2020 to pass a stand-alone, bipartisan Paycheck Protection Program Flexibility bill (H.R.7010), which would allow more businesses to... read more


By Restaurant Practice Leaders | May 27, 2020

Deep Dive: PPP Loan Forgiveness Guidance

In last week’s blog, we took a first look at the Paycheck Protection Program (PPP) loan forgiveness application. This week’s blog will take a deep dive into aspects of the interim final rule that will be of interest to the restaurant... read more


By Jeff Tubaugh | May 21, 2020

New Bill Serves Up Additional Opportunity for the Restaurant Industry

In what would be a tremendous victory for the restaurant industry, the House is expected to vote next week on a stand-alone, bipartisan Paycheck Protection Program bill. read more


By Restaurant Practice Leaders | May 19, 2020

First Look: PPP Loan Forgiveness Application

On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. Concurrent with the application’s release, the Department of the Treasury announced that... read more


By Lisa Haffer | May 15, 2020

Updated PPP Guidance Brings Welcome News and Opportunities for Additional PPP Funds

The Paycheck Protection Program was created to provide relief for small businesses during the economic crisis brought on by the novel COVID-19 virus. Restaurants that received PPP loans continue to wait for clarity around key components... read more


By Restaurant Practice Leaders | April 24, 2020

PPP Updates, Insights and Planning as we Await Loan Forgiveness Guidance

When the CARES Act was signed into law on March 27, 2020, the Paycheck Protection Program (“PPP”) appeared to be a straightforward way to provide liquidity to cash-strapped businesses, including restaurants. Demand for PPP loans was... read more