Like everyone else, we’ve been scrambling to get a better understanding from SBA Preferred Lenders regarding the Paycheck Protection Program of the CARES ACT. This is the best summary we have got to date, which comes by way of a banker at People’s United Bank.
read more
Last week, the President signed a bill that will loan $350 Billion to small business and offer relief and support for its owners and workers. Unfortunately, it seems that the “stimulus” is mostly offering uncertainty and frustration for restaurant owners.
read more
I was quoted in this article that ran in the Boston Globe today. I think it is a very fair and important article, but I flinched a bit when I came across my own words: “When it comes to a lot of Main Street retailers, we’ve been telling our clients they’re not going to get April rent anyways.”
read more
State Senator Jamie Eldridge has filed an action to make insurance companies pay for coronavirus closures. It could be a “game changer.”
read more
We’ve spent more time this week talking to Landlords (locally and nationally), reading policy pieces from other professionals, and tracking the scale of economic damage to tenants, which is rapidly bleeding over from food, beverage and entertainment to other segments of our economy.
read more
The proximity to Chinatown is most salient, giving us a front row seat and heightened awareness that something was more than a little amiss.
read more
In this post I wanted to share some thoughts and perspectives from a handful of our (GSP and my) closest friends working in the business.
read more
We remain in touch with both legal and insurance experts and the most recent communication to share here is from Attorney Eric Allon of Bernkopk Goodman LLP.
read more
We need the Governor and the Commonwealth of Massachusetts to fully grasp the magnitude of the crisis restaurants are facing now, and will have to face when this madness subsides.
read more
The RSF will issue $1,000 grants to support full-time restaurant workers in Massachusetts who are dependent on wages plus tips to cover basic living expenses and provide for their families.
read more
