New restaurant owners get shut out of PPP loans despite their financial losses
New restaurant owners get shut out of PPP loans despite their financial losses Tim Carman Every month, Andrew Darneille says his Smokecraft Modern Barbecue in Arlington, Va., has been losing between $15,000 and $20,000, and the numbers would be uglier if not for breaks from his bank and landlord. December was the worst yet: The owner and pitmaster says he suffered $30,000 in losses, even with a skeleton crew and a separate ghost kitchen selling fried chicken sandwiches. With no bank loans available to bridge the gap, Darneille and his family have been covering the monthly...
Source: msn.com