PPP Application Extension

On Tuesday, March 30 the President signed into law an extension for PPP applications pushing the deadline to apply from March 31 to May 31. With this, the SBA was provided additional time to process and authorize loans through June 30. Most banks have already prepared for this extension and will continue to accept PPP loan applications through the new extended deadline. If you have not applied for...

Restaurant Revitalization Fund 2021

The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federal grant based on revenue decline. What Businesses are Eligible? Eligible businesses include restaurants, food stands, food trucks, food carts, caterers, saloons, inns, taverns, bars, lounges, brewpubs, tasting rooms,...

Restaurant Grant – SAM.gov Registration

**UPDATE: AS OF MARCH 30, 2021, THE SBA ANNOUNCED THAT RESTAURANT OWNERS WHO SEEK TO PARTICIPATE IN THE RESTAURANT REVILATIZATION FUND WILL NOT NEED TO SIGN UP FOR A SAM.GOV ACCOUNT OR BE REQUIRED TO HAVE A DUNS NUMBER. The American Rescue Plan Act of 2021 establishes a $28.6 billion Restaurant Revitalization Fund within the SBA, which will provide eligible business with a tax-free federa...
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