As part of the most recent Federal COVID-19 relief legislation, there is a Restaurant Revitalization Fund of $28.6B. This program will be run directly through the SBA with funds coming from the Federal Government rather than through banks. When the application process opens up, priority access will be given to minority and women owned businesses.
Grants of up to $5M per restaurant will be made. Restaurants, bars, taverns, food trucks, etc. are eligible to apply. These grants can be used for virtually any operating expense.
In order to be prepared to apply, the following steps are recommended asap...
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