Insights in: Capital
Capital
The CPK Bankruptcy and Restaurant Reality
The devastation of the restaurant industry ($165 billion in lost sales between March and July, according to The National Restaurant Association) at the hands of COVID-19 hardly warrants a mention these days. More than six months after the onset of...
Capital
PPP Loans Helped Big Restaurants, While Small Franchises Still Drowned
Federally backed loans under the Paycheck Protection Program (PPP) helped chain restaurants stay open. But the same can’t be said for smaller franchises and mom-and-pop shops, according to loan data released by The Small Business Administration in...
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