Relief for food and beverage establishments to be included in ongoing relief negotiations

The following is news from the Office of Congressman Michael San Nicolas:

A second stimulus, unemployment support, a second round of PPP, and funding for local governments are finding common ground between the House and the White House. In addition, the Financial Services component of the relief package is shaping up to include specific help for local food and beverage establishments.

"The House is seeking to add a grant program available to all food and beverage establishments that are not publicly traded or franchise operated, as those have access to other funding avenues" explains Congressman San Nicolas. "Proposals include funding 100% of the difference between 2020 revenue and 2019 revenue as a grant up to the end of the year, and amortizing any unexpended funding as a 10-year loan with a 1% interest rate," Congressman San Nicolas continued. "I know that times are extraordinarily tough right now, but I once again urge our local people to hang in there as best they can, as we continue to press for more relief," Congressman San Nicolas concludes.