To ensure employees keep getting paid during the pandemic, this restaurant owner took out $50,000 loan
Bryan Morin is the owner of Federico’s Pizza & Restaurant in New Jersey who is being praised for his kindness and compassion as he took out a $50,000 loan to ensure all his employees keep getting their salaries amid the ongoing coronavirus crisis.
When the New Jersey governor Phil Murphy ordered that restaurants close their dining rooms, Bryan Morin went straight to the bank.
“My father told us a long time ago: You’ve got to take care of your employees first, because without those employees, you don’t have a business at all,” Morin told NJ.com. “I definitely owe them a debt, even if it means I might go into debt.”
Morin, who owns Federico’s in Belmar, NJ, took out a a $50,000 line of credit, and made his 20 employees a promise: No matter what happens over the next two months, they would still receive a paycheck.
Read more here: https://www.sunnyskyz.com/good-news/3708/NJ-Restaurant-Owner-Takes-Out-50K-Loan-To-Pay-Employees-During-Coronavirus-Crisis