A few long-standing chains are in serious trouble.
The NY-based restaurant company applied for, and was granted, a $3.3 million Paycheck Protection Program loan in April 2020 to help sustain business and pay employees during the COVID-19 pandemic.
Unfortunately, nearly two years later BLT was still unable to pay back all of that PPP money. And, due to NYC's strict indoor dining rules during the pandemic, BLT said its staffing levels never reached the quota necessary for full PPP loan forgiveness.have closed recently, such as Casa Nonna and The Wayfarer in New York City; and BLT Steak in White Plains,
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