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City News

Posted on: April 23, 2021

Small Business Administration announce restaurant revitalization fund application and guidelines

small business loan (2)

South Lake Tahoe-To help bring jobs back and revive the industry, the American Rescue Plan, signed into law by President Joe Biden, established the $28.6 billion Restaurant Revitalization Fund at the U.S. Small Business Administration (SBA). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To assist these restaurants, the SBA will administer the funds to the hardest-hit small restaurants. 

Details on application requirements, eligibility, and a program guide are now available in English at www.sba.gov/restaurants or in Spanish at www.sba.gov/restaurantes.