A host of Massachusetts restaurants and service businesses can now apply for up to $10 million in COVID-19 relief to help cover losses brought on by the pandemic. The $28.6 billion Restaurant Revitalization Fund is part of President Joe Biden’s $1.9 trillion American Rescue Plan.
The fund offers restaurants and other eligible businesses up to $10 million to help cover pandemic-related losses. The money does not need to be paid back, so long as the funds go toward eligible uses by March 11, 2023. During the first three weeks of the application process, restaurants owned by women, veterans, or socially and economically disadvantaged individuals will receive priority.
The application portal can be found at the Small Business Administration website, https://restaurants.sba.gov/requests/borrower/login/, where funding guides and a sample application are also available. Businesses that work with Square or Toast point of sale providers do not need to register on the portal in advance.
FREE INFORMATION SESSION WITH SBA AND WORCESTER CHAMBER
Please join Worcester Regional Chamber for this special Business and Government Forum with Robert Nelson, District Director of SBA's Massachusetts District Office and Ili Spahiu, Assistant District Director of SBA's Massachusetts District Office to discuss the recently passed Restaurant Revitalization Fund.
Wednesday May 12, 2021 12:00 PM - 1:00 PM EDT
Location: Zoom Login information will be sent upon registration