Restaurants can start applying for 'revitalization fund'
Starting Monday at noon, the agency will begin accepting applications for the Restaurant Revitalization Fund.
Posted at 5:54 AM, May 03, 2021
and last updated 2021-05-03 11:27:34-04
Whether you own a restaurant, bar, food truck or bakery, the Small Business Administration has a new relief program to help struggling businesses in the food and beverage industry.
Starting Monday at noon, the agency will begin accepting applications for the Restaurant Revitalization Fund.
The relief effort is designed to help owners recover loss revenues due to the pandemic.
If approved applicants can receive a grant equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.