Restaurant Recovery Update 1.08.21
PPP 2.0 Timelines and Guidelines Released
National Restaurant Association prepares PPP user manual.
Massachusetts webinar next Wednesday

On Wednesday night, SBA and Treasury released their official guidance on how the second round of PPP will work. 

The National Restaurant Association has created a seven-page “PPP User Manual”. 

SBA announced that PPP will reopen the week of January 11, with the following schedule:

  • Monday January 11 -for new borrowers through community financial institutions
  • Wednesday January 13 - 2nd draw PPP loans through community lenders
  • PPP to all participating lenders shortly thereafter

The "user manual" document can be found here.
Webinar: PPP 2.0 and Employee Retention Credits
Wednesday, January 13
11:00 - 11:45 am (EST)
REGISTER HERE.
The Small Business Administration recently released guidance on the second draw Paycheck Protection Program loans, and we are offering a free webinar exclusively for MRA members to dive a little deeper on the requirements surrounding PPP 2.0, the simplified forgiveness application process, and Employee Retention Credits.

Frank McLaughlin, a partner with Antares Group, will lead a short webinar at 11 am (EST) Wednesday, January 13.

We invite you to take advantage of this free webcast and register today by clicking here.

Massachusetts Occupancy Restrictions extended until January 24
Industry restrictions for capacity limits and reduced gathering limits that went into effect on Saturday, December 26th, and have been extended for at least two more weeks to January 24th. ABCC Advisory
Massachusetts Restaurant Association
160 East Main Street, Suite 2, Westborough, MA 01581
Phone: (508) 303-9905  www.themassrest.org