Monday, March 30, 2020

COVID-19 Disaster Relief Loans

If your business is suffering as a result of COVID-19 you may be eligible for a loan through SBA.

Info is - here.

Given the realities on the ground, restaurateurs should be looking down the road beyond the current 21-day Stay-at-Home order imposed on Idaho.  Since the Governor declared his order, President Trump has extended the current Federal guidelines through the end of April.

Given that Idaho is just at the beginning of the curve for COVID cases, it is very likely that Governor Little will extend the current Stay-at-Home order through April, and may even add further restrictions.

Social Distancing is already becoming the new normal and will likely persist for months or years after the COVID peak, as people will naturally be wary of returning to close personal distances.  This is likely to be expressed in our food establishments as well, as those who do return to dining rooms will likely feel more comfortable with tables set farther apart than in the past.  Once restrictions are lifted, dining rooms will not return to pre-COVID levels for quite some time - if ever. 

Industry analysts are already advising restaurateurs to consider cutting current dining room capacity by half or more once dining rooms re-open, installing larger tables and setting them six feet or more apart.  What does that mean for your business?  Will you be able to maintain profit margins and serve sufficient covers to keep the doors open?  Will you keep your take-out and delivery options?

Now is the time to plan and position our food service businesses for the new normal.

More industry info - here.