The SBA has officially set the opening days for the Restaurant Revitalization Fund which is a $28.6 billion program that will provide grants to restaurants impacted by the pandemic.
Account registration opens tomorrow, April 30th, at 9am, to be followed by the application window which begins May 3rd. During the first 21 days of the application period the SBA is focusing on certain applications with majority ownership by women, veterans, or socially and economically disadvantaged individuals. After that period of time the SBA will process applications based on first-come, first serve basis so it is recommend that eligible businesses apply as soon as possible.
Grants will be approved for a minimum of $1,000 up to $5,000,000 per location with a $10,000,000 cap. For more details, read the Journal of Accountancy Article, SBA sets opening dates of Restaurant Revitalization Fund.
Contact your accountant if you have questions and remember to follow us on LinkedIn to stay up-to-date on all of our posts.
Grants will be approved for a minimum of $1,000 up to $5,000,000 per location with a $10,000,000 cap. For more details, read the Journal of Accountancy Article, SBA sets opening dates of Restaurant Revitalization Fund.
Contact your accountant if you have questions and remember to follow us on LinkedIn to stay up-to-date on all of our posts.
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