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Massive Stimulus Bill Serves Up $25 Billion in Restaurant Relief

Mar 11, 2021 by Marc Rapport

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This grant program should be utilized by every restaurant that has incurred a loss due to the pandemic. This program is a grant for restaurants, and the expenses the funds can be used to cover are much broader than the PPP program requirements. ‘Operational expenses’ is a broad category.
Restaurant owners should consult with their accountants to prepare their 2020 financial reports and compare those numbers with the 2019 financial reports to determine the amount the restaurant may qualify. Unlike the PPP program, these funds are not loans but are instead grants distributed by the SBA. The applicants should apply directly through the SBA.
We have a trillion-dollar supply chain that we need to work to strengthen. We need to work with the White House and make sure it helps our hardest-hit restaurants. This is the start of the great American restaurant recovery.

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