Tell Congress: Support Bipartisan Efforts to Improve Relief Efforts and To Provide Additional Funding
Congress has created new loan programs to help small businesses, but restaurant owners are finding that they are not being implemented in a way that provides the relief they need now.
Make your voice heard so that restaurants can survive today and once again thrive in the future.
National Restaurant Association sends letter to Congressional Leaders
The National Restaurant Association told Congressional leaders that COVID-19 relief funds were envisioned as a vital tool to help restaurants bridge the crisis, but there are increasing warning signs they are not providing needed relief.
The Association pointed out that the COVID-19 crisis has already cost 3 million restaurant employees their jobs and cut $25 billion in revenue from the industry since March 1, and that 15% of restaurants have, or will within two weeks, permanently close with total job losses projected at 7 million before the crisis abates.
The Association asks for changes on the following aspects of the relief bill:
- Revise Loan Restrictions in Light of Industry Realities
- Provide Flexibility in Timing for Restaurants to use PPP Loans
- Ensure Loan Terms Match Congressional Intent
- Exemptions from Loan Forgiveness Reduction
- Ensure that 501(c)(6) Nonprofit Organizations Can Participate in PPP
- Deferral of Certain Tax Payments to Provide Liquidity
- Improve Access to Economic Injury Disaster Loans (EIDL)
- Improve the Employee Retention Tax Credit (ERTC)