SBA's Guidance On The $28.6 Billion Restaurant Revitalization Grant Program | McCarter & English, LLP
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 Restaur...
Source: jdsupra.com