PALM HARBOR, FL / ACCESSWIRE / April 30, 2021 / The rebound in Leisure & Hospitality (L&H) employment that began in May 2020 will continue with a second-wave peak expected in July 2021. There was a surge
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The sixth and final round of the California Small Business COVID-19 Relief Grant Program opens April 28-May 4, 2021. The program is funded by the State of California and administered by the California Office of the Small Business Advocate (CalOSBA) at the Governor’s Office of Business and Economic Development (GO-Biz).
The California Small Business COVID-19 Relief Grant Program (the “Program”) provides micro grants ranging from $5,000 to $25,000 to eligible small manufacturers impacted by COVID-19.
The state has designated Lendistry, a CDFI and CDE small business lender, to act as the intermediary for the Program to disburse the grant funds. While application for previous rounds have closed, Round 6 is right around the corner.
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What Restaurants Need to Know Ahead of Its Anticipated Launch
This week the Small Business Administration (
SBA) provided guidance on how the $28.6 billion Restaurant Revitalization Fundwill work. The Restaurant Revitalization Fund provides for qualified restaurants and other food establishments to obtain tax-free federal grants (
Grants) of up to $10 million to replace the loss of revenues resulting from the pandemic. Unlike the SBA’s Paycheck Protection Program (
PPP) in which applications were submitted to and processed by participating banks and other financial institutions, the Restaurant Revitalization Fund will be administered directly by the SBA.
Restaurants and other qualified food establishments anxiously await the rollout of the Restaurant Revitalization Fund amid estimates that the $28.6 billion will cover less than 25 percent of the more than $120 billion that would be required to award Grants to all qualified eating establishments. While we still do not know exac
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