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Financing

SBA moves closer to sending out $29B in restaurant grants

A seven-day pilot program is set to begin within the next two weeks. But the agency has yet to set date to start fielding actual applications.

Financing

Details emerge on how the Restaurant Revitalization Fund grant program might work

The National Restaurant Association has revealed new particulars on the stimulus and what it's urging the SBA to change.

Fourteen of the state's 34 counties are now operating under a 25% limit on indoor seating, Is it a blip, or the start of a new wave?

Grants of up to $10 million are reserved for facilities whose main business is live providing entertainment, but some foodservice operations could be eligible.

A face mask requirement will remain in place, but the state will otherwise resume "business as usual," according to Gov. Gavin Newsom.

The proofs of inoculation could be used to ensure guests are safe and know it. But the concept has sparked considerable controversy.

Walensky's emotional alert comes as restaurants report strenghening sales under loosened restrictions.

Restaurants can soon apply for an Economic Injury Disaster Loan of up $500,000 for everyday expenses.

The Senate voted to extend PPP lending for two months, clearing the way for restaurants and other small businesses to apply for the $110 billion left in the program through May.

Administrators of the Restaurant Revitalization Fund are shooting for a one-month ramp up, but can't say when they'll begin distributing grants.

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