Restaurant Revitalization Fund -The SBA has not yet launched this program, but the $28.6 billion fund will offer grants of up to $5 million to restaurants, bars, caterers, and other food and beverage providers once it does launch.
All in COVID-19 Updates
Restaurant Revitalization Fund -The SBA has not yet launched this program, but the $28.6 billion fund will offer grants of up to $5 million to restaurants, bars, caterers, and other food and beverage providers once it does launch.
The Paycheck Protection Program has gotten the most attention among the business provisions of the COVID-19 stimulus programs, but the Employee Retention Credit also has valuable benefits.
Although the deadline for applying for PPP funds was extended to May 31, the SBA projects that funds may run out before the deadline. As of early April, the SBA had only $66 billion in funds remaining out of a total of $292 billion appropriated since December.