Monday, May 3, 2021

Restaurant Revitalization Fund promises relief, but may require fast action

Restaurant Dive
Almost immediately after the launch of the Paycheck Protection Program (PPP) and the expansion of the Economic Injury Disaster Loan (EIDL) program to counter the economic effects of the COVID-19 pandemic, the U.S. Small Business Administration (SBA) was swamped with applications from struggling business owners. Interest in the programs exceeded — by a wide margin — the SBA’s resources, and initial funding ran out within weeks. . . . more