The CARE ACT for Coffee Shops

Details on the CARE ACT for Coffee Shops, Cafes, and Coffee Bars.


As part of the CARE Act, the PPP (Payroll Protection Program) is providing inexpensive loans to provide relief for coffee shops during the COVID-19 pandemic.
Our friends at Odeko do incredible work to empower coffee entrepreneurs and times of crisis are no exception.  Below, we have included their breakdown sent to us by their wonderful CEO which offers guidance and tools for coffee shop owners related to the CARE ACT. 
We'll continue to work with our partners at Odeko to keep you abreast of the resources, best practices and tips for adapting during this challenging time.  

How to access funds

New PPP (Payroll Protection Program) loans are being made available by the CARES Act. These loans are being made through lenders which are currently approved for the pre-existing SBA 7A lending program. 
If you already have a lender that is providing PPP loans it's advisable to go to them directly ASAP as applications are being accepted as of Friday, April 3rd. Best to kick off the conversation with them if possible today to get the ball rolling and to also provide banks with an idea of what to expect.
If you don't have an SBA 7A lender in mind, here is a full list, we have banking partners who can take your applications. We can help with getting your paperwork together, at no charge, we just want coffee to come back. 
Loans are forgivable if certain stipulations are met in how they are used. They can cover up to two months of average monthly payroll costs from the last year plus an additional 25% of that amount for other specific expenses. The full amount is subject to a $10 million cap. 
The program overview below includes further information on:
  • When, where and how to apply
  • Who is eligible
  • What can the loans be used for
  • What counts as payroll costs
  • Criteria for accessing loan forgiveness
  • Loan repayment, interest, deferment info
These loans are being dispersed on a first come first serve basis. The 349B made available is expected to dry up very quickly. We think it's best to turn the required paperwork around within the next 24 hours to make sure any borrowers eligible can get in on time.

Related Resources

For more resources and tips to adapt during the COVID-19 crisis, check out our latest article or email us directly at 

Similar posts

Let's build coffee
and community together.

Sign up today to get the inside scoop on all things independent coffee. From industry trends to inspiration about how to innovate, find out how others are thriving by leveraging joe's effortless technology.