CHANGE IN DATE & TIME!
NEXT VRLTA Membership Call -
This
Friday
, June 19, at 2 p.m.
Join us for an update call: Friday, June 19, at 2 p.m.
Dial in information: 202.602.1295, conference ID 789-103-256#
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LEAD NEWS - Favorable Interim Rule on PPP Flexibility
On June 11, new guidance reflecting the Payroll Protection Program Flexibility Act was issued by the Small Business Administration and U.S. Department of Treasury. “
Interim Final Rule on Revisions to First Interim Final Rule
” These regulations are consistent with our understanding of PPPFA and favorably resolves the 60% “cliff” concern.
- There is no 60% “Cliff” that could have invalidated loan forgiveness
- Borrowers can choose an 8-week period (if receiving the loan before June 5) or the 24-week period
- More guidance will be coming soon on loan forgiveness
Please let us know if you have any questions.
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CMBS Relief
VRLTA and our partners at AHLA continues to request swift action by the U.S. Treasury and the Federal Reserve to help thousands of small business hotel owners who are struggling to make debt service payments on their mortgages, including commercial mortgage-backed securities (CMBS) debt to keep their doors open and avoid foreclosure.
We are thrilled to see Congressional leaders taking notice and also calling on Treasury and the Fed to provide desperately needed relief to the commercial real estate market, including hotels. Reps. Taylor, Heck, Barr and Lawson are leading this Congressional effort and
their letter can be found here
.
Without action to shore up debt servicing, including in the CMBS market, this crisis will lead to widespread foreclosures, snowballing into mass disruption and a critical lack of liquidity in the commercial real estate market.
You can take action
here
.
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Updated
Virginia Restaurant Promise Printable Posters
We've updated the Restaurant Promise Posters to reflect the changes for Phase Two. Links to print each size:
Help spread the word! Tag us on social with
#VARestaurantPromise, #VirginiaIsForRestaurantLovers, #VRLTA, #VirginiaEatsLocal, and #TakeoutTuesdayVA.
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Reopening Resources
We continue to post resources related to reopening on our website.
Visit this page
for the latest reopening resources.
PPE Resources -
- Sysco - currently in stock: masks, gloves in a variety of sizes, hand sanitizer, sanitizing wipes, surface sanitizers, and bleach - contact your sales rep for the latest product availability and pricing; also has a NEW reopening guide here
- PFG - contact your sales rep for the latest product availability
- Safeguard Promotional Products - facemasks and shields, hand sanitizer, gloves, gowns, acrylic shields (for checkout stands) - pricing here, or visit https://www.safeguardjack.com/ or contact Anne Meagher Watson at 804.355.2679 or Anne@SafeguardJack.com
- KO Distilling is producing Bare Knuckle Hand Sanitizer. More information can be found here.
- The Hand Sanitizer Guys have bulk/wholesale hand sanitizer and hand sanitizing stations. Serving the NoVa and DC metro area.
Other Resources -
- National Restaurant Association - Has free reopening guidance available here.
- ServSafe - Has free reopening training available on demand here.
- Margin Edge offers help with automated invoice processing, inventory management, food cost management, and more. The company is offering their software free until September to anyone who wants to try it. To learn more, contact Jill Fountain at jill@marginedge.com or 540.287.3881.
- EMR - Now through June 30, any new service call (existing EMR restaurant customers and new restaurant customers), regardless of their previous labor and travel rate for kitchen equipment service, will receive $99/hr labor, and $99 travel. Also, the company has a maintenance list for closed kitchens here. Visit www.emrco.com/locations for more info.
- Ecolab - Has a variety of cleaning and sanitizing products available (list for hospitality and list for foodservice); Contact Carey Friedman at carey.friedman@ecolab.com or 804.840.3943
- BMS Direct Inc - for printing of restaurant placemats and menus, including washable menus coming soon! VRLTA members get discounted pricing. Visit this link for more information or email leif.aagaard@bmsdirectinc.com for inquiries.
- Push Operations - Push Operations is a labor management solution for restaurants. Push is now offering restaurants its employee health pre-screening software. The software allows contactless temperature checks for employees, customizable pre-health check questions to employees, and effortless communication to employees who’ve worked with a team member that has Covid-19. This service is complimentary for VRLTA members! More information: https://pushoperations.com/covid-19-features/ or Tommy Truong at Tommy@pushoperations.com or 778.858.6325.
- Sestra Systems - Offers touchless beverage dispensing and hand sanitizer stations.
- Open Table - Their Open Door program, starting this month, offers new solutions and reduced or eliminated fees. Learn more here.
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Support the VRLTA Restaurant & Hospitality Relief Fund
VRLTA's industry relief fund is aiding workers displaced by the recent restaurant and hospitality industry shutdowns and also helping affected businesses. Over $30,000 has been raised to date!
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Virginia is for Restaurant Lovers Merchandise Supports the VRLTA Relief Fund - Make a purchase to show your support today!
VRLTA has also partnered with the Virginia Tourism Corporation to create a Virginia is for Restaurant Lovers t-shirt, and other merchandise, with a portion of the proceeds going to the Fund.
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