Restaurant Revitalization Fund is Now Closed But you can still check status of your application. The Restaurant Revitalization Fund program, which provided more than $28 million of economic aid to restaurants and other establishments struggling to make ends meet as a result of the COVID-19 pandemic, was closed Friday, the U.S. Small Business Administration announced. …
SBA Remains Silent On Restaurant Revitalization Fund confusion. Some recently rescinded applicants received the promised funds in their bank accounts the next day, while others were told that their application is now being completely rejected. The U.S. Small Business Administration still has not directly commented on the widely varying issues restaurant operators are experiencing in…
NJ Package of Legislation to Provide $235M In small business relief. As New Jersey continues to recover from the ravages of the COVID-19 pandemic, Governor Phil Murphy today signed five bills – A5704, A5705, A5706, A5707, and A5709 – which provide additional aid to small businesses that continue to suffer from the economic effects of…
Congress Introduces $60 Billion Replenishment Of the Restaurant Revitalization Fund. Congress introduced legislation Thursday to replenish the Restaurant Revitalization Fund with a $60 billion second round of restaurant relief, after the U.S. Small Business Administration received requests for more than triple the allocated funds the first time around. The Restaurant Revitalization Fund Replenishment Act of…
TORNADO OR NO TORNADO – SIMKO’S SELLS NEPTUNE: On March 28th, two days after owner Mike Simko signed a contract to sell his restaurant located at 1311 Highway 35, Neptune, Monmouth County, New Jersey, “straight-line winds” of around 70 mph ripped through his neighborhood leaving scattered debris, downed utility poles and wires, and damaged vehicles…
SBA’s Pandemic Relief Fund for Restaurants Deluged with applications. The $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan, has received more than 266,000 applications, requesting more than $65 billion in funds as of May 12, the U.S. Small Business Administration says. Nearly half, or 147,000 applications, came directly from…
SBA: Restaurant Revitalization Fund Relief will start arriving today. Long-awaited federal help for the nation’s restaurants will begin arriving as early as today, according to the U.S. Small Business Administration (SBA). As part of the first round of funding for the Restaurant Revitalization Fund (RRF), established by the American Rescue Plan and signed into law…
COVID-19 Restrictions Eased On many fronts. Taking cues from neighboring states like New York and Connecticut, Gov. Phil Murphy announced today the easing of COVID-19 pandemic restrictions on New Jersey businesses, gatherings and venues, given the state’s significant progress in vaccinations and sustained reduction in COVID-19 cases and hospitalizations. The reopening steps, which will begin May 19,…
Restaurants Can Seek $29B in New Federal Aid
Why Outdoor Dining Isn’t as Simple as it Sounds for N.J. Restaurants