Round 2 of PPP loans available for struggling applicants – About Your Online Magazine

HONOLULU (KHON2) – A restaurant owner said sales of KHON2 fell without restaurant cards and the end of the holiday season – but there may be some hope.

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The Hawaii Restaurant Association (HRA) tells KHON2 that the application process is open for second round of the Payment Check Protection Program (PPP), bringing hope to Rick Nakashima, co-owner of Ruby Tuesday, and Gyu-Kaku, who says they are holding on.

Sales at Gyu-Kaku restaurant are strong, but Nakashima says that is not the case with Ruby Tuesday.

“Usually with 50% seats, you can’t expect sales to be really good. You know, you’re waiting, but you only have half of the seats occupied and that ends up with our sales. But in addition, we are still doing well, ”said Nakashima.

Nakashima said, it seems that many who dine at home do not bother to eat inside or outside.

“I really didn’t see people just diving into the outdoor seats … people are going to come in who just want to still be inside the house and have the air conditioning on,” said Nakashima.

Nakashima believes that Hawaii is recovering despite the challenges.

“And PPP loans coming in and, potentially, some help from a parallel restaurant, I think we will be in good shape if all of that happens,” he said.

“The biggest relief that exists today, now that people can apply immediately, is the second PPP loan draw,” said Victor Lim of HRA.

Lim tells us that applicants can qualify for a larger loan. HRA understands the challenges that restaurants face with a 50% limit, even limiting five guests to a table.

“We have been talking to Mayor Blangiardi that maybe that number could increase a little more, which makes sense to us,” said Lim.

Lim also hopes that restaurant cards will make a comeback, saying it was very successful.

Paula Fonseca