SBA prepares to open restaurant grants
The SBA has rolled out application eligibility, requirements and a program guide to help restaurants study and prepare to apply for $28.6 billion in grants. Grants can range from $1,00 to $10 million. Restaurants operating before or starting during 2019, opened in 2020, or not yet open with expenses may be eligible.
Applications are expected to open in about two weeks after pilot tests of the system. Upon launch, review of applications from women- and veteran- owned businesses, as well as those owned by socially and economic disadvantaged individuals, will be prioritized for 21 days.