Updated: 10:11 AM EDT May 3, 2021 By JOYCE M. ROSENBERG, AP Business Writer Thousands of restaurants and bars decimated by the COVID-19 outbreak have a better chance at survival as the government begins handing out $28.6 billion in grants money to help these small businesses stay afloat while they wait for customers to return.Laurie Thomas is applying for grants for her two San Francisco restaurants that have closed and reopened several times as coronavirus cases surged and declined; she’s still at just 50% of capacity. Rose’s Cafe and Terzo are operating at a loss but grant money will help them stay open. This allows you to go back to February 2020 and apply these funds to help pay down debt, catch up on past due rent, etc., she says.The Small Business Administration is accepting applications for grants from the Restaurant Revitalization Fund as of Monday. For the first three weeks, only applications from restaurants that are majority-owned by women, vetera
The Small Business Administration is accepting applications for grants from the Restaurant Revitalization Fund, $28.6 billion in grants to help these small businesses stay afloat while they wait for customers to return.
Restaurant survival hopes pick up as USD 28.6 billion in grants begin in US
SECTIONS
Last Updated: May 03, 2021, 07:14 PM IST
Share
Synopsis
The grants, up to a maximum of $10 million, are aimed at replacing lost revenue at restaurant companies with up to 20 locations. Businesses with more than one restaurant can get up to $5 million per location, but each applicant is limited to a total of $10 million in funds.
AP
Thousands of restaurants and bars decimated by the COVID-19 outbreak have a better chance at survival as the government begins handing out $28.6 billion in grants money to help these small businesses stay afloat while they wait for customers to return. Laurie Thomas is applying for grants for her two San Francisco restaurants that have closed and reopened several times as coronavirus cases surged and declined; she s still at just 50% of capacity. Rose s Cafe and Terzo are operating at a loss but grant money will help them stay open.
increase font size
Restaurants hope for survival as $28.6 billion in federal grants begin
Thousands of restaurants and bars decimated by COVID-19 have a better chance at survival as the government begins handing out $28.6 billion in grants.
By JOYCE M. ROSENBERGAssociated Press
Share
A member of the wait staff takes food to outdoor diners at the Mediterranean Deli restaurant in Chapel Hill, N.C., Friday, April 16. Thousands of restaurants and bars decimated by COVID-19 have a better chance at survival as the government begins handing out $28.6 billion in grants. AP Photo/Gerry Broome
NEW YORK Thousands of restaurants and bars decimated by the COVID-19 outbreak have a better chance at survival as the government begins handing out $28.6 billion in grants – money to help these small businesses stay afloat while they wait for customers to return.
Restaurant survival hopes pick up as US$28.6 billion in grants begin Toggle share menu
Advertisement
Restaurant survival hopes pick up as US$28.6 billion in grants begin
In this Mar 31, 2021, people drink outdoors on the patio of Big Dean s Ocean Front Cafe, decorated with beer banners with the image of Los Angeles Dodgers s Justin Turner, in Santa Monica, California. (Photo: AP/Damian Dovarganes)
04 May 2021 12:47AM Share this content
Bookmark
NEW YORK: Thousands of restaurants and bars decimated by the COVID-19 outbreak have a better chance at survival as the government begins handing out US$28.6 billion in grants - money to help these small businesses stay afloat while they wait for customers to return.