WebMay 4, 2024 · The March American Rescue Plan Act created this $28.6 billion fund to be administered by SBA specifically for restaurant and alike operators. As with the Paycheck Protection Program (PPP), RRF applicants must make a good-faith certification that “current economic uncertainty makes this funding request necessary to support the ongoing or ... WebMar 11, 2024 · The American Rescue Plan Act provides additional relief for the nation’s small businesses and hard-hit industries for programs the SBA is currently administering and adds new efforts, including: $7.25 billion additional for the Paycheck Protection Program, including to expand eligibility to additional nonprofits and digital news services
Accountants help restaurants apply for new SBA grants
WebJun 24, 2024 · Fukumoto got word he’d been approved for a Restaurant Revitalization Fund grant in late May. However, by June, he found out SBA wouldn’t pay out the promised reward. Fukumoto applied for an RRF grant worth over $200,000 the day that the application portal opened, and on May 28, he received an email notifying him that his request had … WebApr 11, 2024 · The Small Business Administration issued a final rule today to lift the moratorium on the number of nondepository lenders in the 7(a) program. Through the 7(a) program, banks and other lenders provide loans to underserved small businesses. The number of nondepository institutions in the program has been capped at 14 institutions … sanger gray rectangle cocktail table
The Restaurant Revitalization Fund: What to know - CohnReznick
WebSBA Restaurant Revitalization Fund Grants The Small Business Administration’s (SBA’s) $28.6 billion Restaurant Revitalization Fund Program (RRF) was authorized by P.L. 117-2, … WebThe American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. … WebMay 3, 2024 · Applicants that currently use one of the partners can apply for an RRF grant through the partner’s website or secure portal. Directly through the SBA. Visit restaurants.sba.gov to register... shortest small forward