Liquid Environmental Solutions

Newly Proposed $2.2 Trillion COVID Relief Bill Includes $120 Billion for Restaurants

The House of Representatives introduced a new version of the HEROES Act late Monday night; with grants proposed for restaurants, food trucks and bars; plus a new round of PPP loans.

The Independent Restaurant Coalition asked Congress on Monday night to support the latest version of the HEROES Act. Besides providing direct relief for independent restaurants, the bill also includes another round of Paycheck Protection Program loans geared towards the hardest hit small businesses.

“The revised version of the HEROES Act is the best plan Congress has put forward to protect the livelihoods of the 11 million people employed by independent restaurants across the country,” the coalition said in a statement released late Monday. “Independent restaurants are out of options, and by providing flexible grants based on revenue losses to independent restaurants who need them, Congress can ensure many businesses have a shot at surviving colder weather and getting through the pandemic.”

Grants would be given to restaurants, food trucks and bars based on “the difference between the business’s 2019 revenues and estimated 2020 revenues for each quarter,” according to the bill.

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LES proudly supports the restaurant industry with a nationwide menu of services, including grease traps & interceptors and used cooking oil. Please contact us for more information, or if we can be of assistance.

Credit: Nation’s Restaurant News.