The Associated Press 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.
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 percent 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.
Select Page Restaurant Survival Hopes Pick Up as $28.6B in SBA Grants Begin By The Associated Press | May 3, 2021 | Reprints | Print
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.
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
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Last Updated: May 03, 2021, 07:14 PM IST
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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.
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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
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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.