Riverside, California 2021-04-30 17:22:03 –
More support is being provided for Coastal Bend SMEs. Congressman Vicente Gonzalez announced on Friday that the application for the Restaurant Revitalization Fund will begin at 11:00 am on Monday, May 3rd.
Founded by President Biden’s 2021 US Relief Program, the fund will be $ 28.6 billion for independent restaurants, bars, breweries, food stands, food trucks, catering companies and more in the food and beverage industry affected by COVID-19. Provide direct assistance.
According to the release, the program will provide up to $ 5 million per restaurant location or $ 10 million per restaurant group based on total revenue losses from 2019 to 2020. Will secure $ 5 billion for companies under $ 500,000. Annual revenue in 2019. “
Grants are tax exempt and do not need to be repaid. The funds can be used to cover non-salary expenses such as rent, construction and maintenance costs. You can apply for a grant even if you have already received a PPP loan.
You cannot apply for a grant until Monday, but registration is currently being accepted. To learn more about the Restaurant Revitalization Fund and to register before the application starts on Monday click here..
Additional COVID-19 aid for restaurant industry available Monday Source link Additional COVID-19 aid for restaurant industry available Monday