Last call for restaurant aid!
The deadline to apply for a pandemic loan is next week.
The Small Business Administration announced establishments have until Monday to submit applications to the Restaurant Revitalization Fund.
The $30 billion dollar fund was included in the American Rescue Plan, which President Biden signed earlier this year. There is one big problem; since it opened on May 3rd, the fund is already running out.
The SBA says that it has already received more than 200,000 requests. The first three weeks were reserved for small businesses with lower revenues.
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The SBA issues guidance on calculating gross receipts
Ag CPA on the SBA ruling on PPP loan forgiveness