Economic pressure from the coronavirus outbreak is hitting some of the country’s top-tier restaurants, forcing some to close for good.
in the wake of some of the recent protests in addition to the difficulties of reopening from the coronavirus lockdown.
“It’s a Band-Aid on a really deep wound,” said Sean Kennedy, the National Restaurant Assn.’s executive vice president for public affairs. The Paycheck Protection Program is available to franchises with 500 or fewer employees per location, including those operating under nationally known brand names, such as Restaurant Brands International Inc.’s Burger King, Popeyes and Tim Hortons after a special carveout was inserted to help franchise owners, thanks to a last-minute lobbying push.
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