The federal government continues to provide, launch, or prepare to launch business assistance programs. This email is to make you aware of what is available and what is coming in the near future.
PAYROLL PROTECTION PROGRAM
The deadline to apply for the Payroll Protection Program is March 31, 2021.
This is a forgivable loan designed to assist with keeping your business viable during the COVID-19 pandemic.
The best option is to work with your existing bank. If you are having trouble finding a bank to assist you please contact us.
SHUTTERED VENUE OPERATORS GRANT PROGRAM
On April 8th, 2021 the Small Business Administration (SBA) will be launching the Shuttered Venue Operators Grant Program. This will provide grants to businesses that derive the majority of their revenue from ticketed performances such as concerts, movie theaters, and the like.
You can find out more information here:
RESTAURANT REVITALIZATION FUND
The opening of this fund for applications has not yet been announced as the Small Business Administration is working to build this process. The below information is what has been made available so far, as well as recommendations from the Independent Restaurant Coalition (IRC) on how to prepare for the application and is further detailed at the IRC web site here:
- Food stand / Food truck / Food cart
- Tavern / Bar / Lounge
- Brewpub / Tasting room / Taproom
- Licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink
An eligible business may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts.