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Illinois restaurants get $1.4 billion in funding before federal program runs dry. ‘We could not serve everybody,’ SBA head says during Chicago visit. Robert Channick, Chicago Tribune The head of the Small Business Administration, Isabel Guzman, visited Chicago Friday as thousands of restaurant owners in the city digested a bit of bad news. The SBA announced funds for its $29 billion restaurant pandemic relief program were exhausted, leaving nearly two-thirds of applicants out of the money. Launched in April as part of President Joe Biden’s $1.9 trillion COVID-19 relief package, the Restaurant Revitalization Fund offered the struggling industry a lifeline in the form of grants to cover pandemic-related losses up to $10 million per business and $5 million per location.

United statesSam toiaIsabel guzmanJoe bidenNational restaurant associationPaycheck protection programIllinois restaurant associationRestaurant revitalization fundSmall business administrationChicago fridayPresident joe bidenLittle villageShuttered venue operators grantRestaurant revitalizationNational restaurantIllinois restaurant