The accommodations and foodservice industry — including restaurants, bars and hotels — received more than 134,166 loans totaling over $18 billion in the latest round of Paycheck Protection Program loans, the Small Business Administration revealed in data released on Feb. 7. The hospitality industry is the leading borrower of every industry, receiving 18%, or almost one-fifth of the nearly $101 billion in loans given to small businesses so far since round-two PPP loans opened up on Jan. 11.
The hospitality industry received more than $18 billion in second-round PPP loans — more than any other industry
by LakeCountyChamber | Feb 17, 2021 | COVID - 19, News