In a May 18 roundtable with restaurant executives and industry leaders, the Trump administration signaled a willingness to address flaws in the Paycheck Protection Program — including a requirement that PPP loans be spent within eight weeks in order to qualify for forgiveness — that have proved logistical hurdles for restaurants trying to stay afloat during the pandemic.
The coronavirus crisis, which has wreaked havoc on businesses across the U.S., has proved particularly devastating for restaurants and bars. Two-thirds of
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