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SBA to provide assistance to restuarnt owners, with priority for woman & veterans

Idaho News 6

Good news for small-business owners needing financial assistance.

The U.S Small Business Association announced a $28.6 billion “Restaurant Revitalization Fund” with prioritization directed toward women, veterans, and socially and economically disadvantaged individuals for the first 21 days. SBA will also set aside $9.5 billion for smaller businesses.

The SBA recommends anyone considering applying for the fund to “familiarize themselves with the application process”:

  • Registering for an account in advance at restaurants.sba.gov starting Friday, April 30, 2021, at 9 a.m. EDT.
  • Reviewing the official guidance, including program guide, frequently asked questions, and application sample.
  • Preparing the required documentation. Working with a point-of-sale vendor or visiting restaurants.sba.gov to submit an application when the application portal opens.
  • Attending a live recorded virtual training webinar

Registration begins 9 a.m. EDT April 30, 2021 and applications open at noon EDT May 3. Online applications will remain open to any eligible establishment until the funds run out.

For more information, visitsba.gov/restaurantsor in Spanish atsba.gov/restaurantes

Frankie Katafiashttps://www.kivitv.com/frankie-katafias
Frankie Katafias is a reporter and anchor for Idaho News 6.

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