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The SBA has just released a program guide and sample application for the Restaurant Revitalization Fund (RRF). RRF provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
On March 24, the U.S. Small Business Administration (SBA) announced that effective April 6, 2021, the maximum COVID-19 EIDL program loan amount will be increased to $500,000. Previous loan amounts were capped at $150,000.
Here is a summary of the highlights of the "American Rescue Plan" that is expected to be signed by President Biden tomorrow afternoon.
AID TO UNEMPLOYED
The COVID-19 Business Stabilization Program established by the City of Youngstown allows eligible for-profit businesses to receive grants of up to $10,000 for reimbursement of eligible expenses incurred since March 01, 2020.
The funding round will run until March 1, 2021, and applications will not be accepted after that date.
To be eligible, businesses must:
Are you a theatrical producer, talent representative, venue promoter or do you operate a live venue, live performing arts organization, movie house or cultural institution and have been impacted by COVID-19?