{"id":769,"date":"2021-05-04T19:24:05","date_gmt":"2021-05-05T02:24:05","guid":{"rendered":"http:\/\/www.newsmolo.com\/EDC\/2019\/?p=769"},"modified":"2021-05-04T20:11:06","modified_gmt":"2021-05-05T03:11:06","slug":"restaurant-revitalization-fund-registration-opens-friday","status":"publish","type":"post","link":"http:\/\/www.newsmolo.com\/EDC\/2019\/2021\/05\/04\/restaurant-revitalization-fund-registration-opens-friday\/","title":{"rendered":"Restaurant Revitalization Fund Registration Opens Friday"},"content":{"rendered":"
(District V Supervisor, Sue Novasel)<\/pre>\n
U.S. Small Business Administration (SBA) Administrator\u00a0\u00a0Isabella Casillas Guzman<\/a>\u00a0announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon\u00a0EDT for the Restaurant Revitalization Fund. The online application will\u00a0 remain\u00a0open to any eligible\u00a0establishment until all funds are exhausted.<\/p>\n
Established under the\u00a0American Rescue Plan,<\/a>\u00a0the\u00a0 Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.<\/p>\n
In preparation, the SBA recommends qualifying applicants familiarize themselves with the application process in advance to ensure a smooth and efficient application experience, specifically by:<\/p>\n