What’s Hot: Restaurant Revitalization Fund Already Running Out of Funds
Restaurants have struggled to stay open, pivot to delivery, complete take-out orders, set-up outdoor dining throughout the cold winter, and to pay rent. When the March 2021 American Rescue Plan stimulus bill included a $28.6 billion Restaurant Revitalization Fund , much needed financial support was provided in the form of grants, rather than loans, to restaurant owners. The fund started accepting applications on May 3, and just two weeks later, the Small Business Administration (SBA) had received more than 250,000 applicants requesting a total of $65 billion in […]
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