Restaurants can start applying for revitalization fund on Monday May 3, 2021 at 6:06 AM EDT - Updated May 3 at 6:26 AM
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.
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US Rep. Lois Frankel hosting Zoom webinar about PPP loans
WPTV
and last updated 2021-02-22 08:06:35-05
U.S. Rep. Lois Frankel, D-Fla., will host a Zoom webinar Monday for nonprofit organizations and houses of worship to learn more about the federal resources that are available.
She ll be joined by Victoria Guerrero, district director for the Small Business Administration South Florida District Office.
The two will discuss the Paycheck Protection Program (PPP).
The loans can be used to help fund payroll costs including benefits. It can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19 and other operating expenses.