05/11/2020 | by

Nareit supports a recently announced effort by U.S. Senators Michael Bennet (D-Colo.) and Todd Young (R-Ind.) to create a new RESTART loan program to support business continuity for the remainder of 2020. Loan forgiveness would be available under certain terms and conditions, but not for public companies.

The Bennet-Young plan also would make enhancements to the Paycheck Protection Program (PPP) to support restaurants and other deeply impacted businesses.

The RESTART Act aims to provide longer-term loans to businesses that are experiencing economic hardships due to the coronavirus pandemic.

(Contact: John Jones at jjones@nareit.com)

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