WebApr 28, 2024 · The SBA may provide RRF up to $5 million per location, not to exceed $10 million total for the applicant and any affiliated businesses. The minimum award is $1,000. There are special... WebMay 24, 2024 · Generally speaking, restaurants can apply for grants that are equal to 2024 gross revenue minus 2024 gross revenue minus PPP loan amounts. For businesses in operation for all of 2024 and 2024, the maximum grant size will be $5 million for restaurants and $10 million for restaurant groups. Grant funds will not be taxed like income.
Restaurant Revitalization Fund recipients revealed
WebApr 28, 2024 · Restaurant owners across the U.S. have been waiting for this day to come for over a year now, and the wait is finally over. The Small Business Administration (SBA) … WebAug 29, 2024 · According to the SBA, the RRF provided $28.6 billion to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink. What are eligible expenses and restrictions that RRF grant recipients should know about? Eligible business expenses include: Business payroll costs, including health insurance fca disciplinary powers
SBA debt relief
WebMay 27, 2024 · The RRF grant is NOT an economic stimulus payment. ... This will be shared in the SBA RRF portal and requires recipients to report how they spent the grant funds by eligible expense category. The report is due by Dec. 31, 2024, and will be required each year until all grant funds are spent. ... Chicago Metallic. 1502 North Central Avenue ... WebJun 12, 2024 · On Friday evening, the Small Business Administration (SBA) announced that due to a recent court case, they were forced to suspend payments to Restaurant … WebThe $1.9 trillion American Rescue Plan Act of 2024 (ARP), signed into law on March 11, 2024, includes a $28.6 billion “Restaurant Revitalization Fund” (RRF) administered by the Small Business Administration (SBA). The RRF provides economic relief to … fca directors role