What Restaurant Relief Is Ahead?

The Payroll Protection Program (PPP) has expired and many restaurant owners and operators are still in need of resources to remain in business. Modern Restaurant Management (MRM) magazine asked Kathryn Petralia, co-founder of Kabbage, for her insights on the next financial resources for restaurants.

What’s kind of financial help will be available next for restaurants? 

The Payroll Protection Program (PPP) successfully helped millions of small businesses access critical funds during the crisis. We served the smallest of businesses, many of which couldn't apply for a PPP loan with long-standing banks, including restaurants which became one of the top five largest segments we helped. In the end, Kabbage became the second-largest PPP lender in the program by app volume as we helped nearly 300,000 access over $7 billion, preserving an estimated 945,000 US jobs. 

Now that the Payroll Protection Program has expired, businesses need to find new ways to drive demand…