News & Analysis as of

SBA Lending Programs Federal Grants

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021.  The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of December 13, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA stopped accepting new SVO Grant applications on August 20, 2021.  The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards.  As of November 29, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

Proskauer Rose LLP on

The SBA stopped accepting new SVO Grant applications on August 20, 2021.  The SBA is currently reviewing submitted SVO Grant applications and issuing both initial and supplemental awards. As of November 15, 2021, the SBA had...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers (UPDATED)

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The SBA is currently reviewing SVO Grant applications and has begun issuing awards. SVO Grant program reports, which detail the number of applications submitted and awards granted, and lists of SVO Grant recipients are...more

Ervin Cohen & Jessup LLP

SBA Shutting Down RRF Portal on July 14

On July 14, 2021, the Small Business Administration (“SBA”) will officially close its Restaurant Revitalization Fund (“RRF”) portal. This move raises questions about whether the RRF funds will be replenished, despite pending...more

Proskauer Rose LLP

Front and Center: Latest SVO Grant Numbers

Proskauer Rose LLP on

The SBA is currently reviewing SVO Grant applications and has begun issuing awards. SVO Grant program reports, which detail the number of applications submitted and awards granted, and lists of SVO Grant recipients are...more

Proskauer Rose LLP

A Seat at the Table: Restaurants to Receive Long-Awaited Stimulus Funds under the American Rescue Plan: Affiliation Overview

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[co-author: Perry Laub] The restaurant industry has been among the hardest hit by the COVID-19 pandemic. The National Restaurant Association reported in its 2021 State of the Restaurant Industry that, as of December 1,...more

Downs Rachlin Martin PLLC

Restaurant Revitalization Fund to Open Monday, May 3, 2021

Registration for Application Portal to Begin Friday, April 30, 2021 - The Small Business Administration (SBA) has announced that registration for the SBA application portal for Restaurant Revitalization Fund (RRF) grants...more

Rumberger | Kirk

Restaurant Revitalization Grant Offers Relief to Restaurants and Bars: Opens May 3

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It is no secret that the restaurant industry has been one of the harder-hits of the COVID-19 pandemic. With government shutdowns, limits on hours, restricted operations, and social distancing requirements,...more

Burr & Forman

SBA Releases New Guidance for the Restaurant Revitalization Fund’s Application Process

Burr & Forman on

Background - On March 11, 2021, President Joe Biden signed his $1.9 trillion COVID-19 relief package, known as the American Rescue Plan (the “ARP”), into law. ...more

Tucker Arensberg, P.C.

SBA starts accepting applications for COVID-19 Relief Grants of up to $10M from food and beverage businesses

Tucker Arensberg, P.C. on

I previously wrote about how the American Rescue Plan Act of 2021 (“ARPA”) created a $28.6 billion dollar Restaurant Revitalization Fund to help struggling food and beverage businesses. While the fund was created in March,...more

Lowndes

SBA Announces New Application Details and Guidelines for the $28.6-billion Restaurant Revitalization Fund

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On Saturday, April 17, 2021, the Small Business Administration (SBA) provided an update for the Restaurant Revitalization Fund (RRF) grant application....more

Rosenberg Martin Greenberg LLP

What You Need to Know About the Restaurant Revitalization Fund Grant Program

The American Rescue Plan Act of 2021, which was signed into law on March 11, 2021, includes relief provisions for restaurants and other similar businesses. The Small Business Administration (SBA) will administer the...more

McCarter & English, LLP

SBA to Provide $28.6 Billion In Grants For Restaurants And Bars

The $1.9 trillion stimulus package, known as the American Rescue Package (the “Rescue Package”), enacted on March 11, 2021, established a $28.6 billion Restaurant Revitalization Fund (“Restaurant Fund”) for restaurants and...more

Downs Rachlin Martin PLLC

Restaurant Revitalization Fund Summary

The American Rescue Plan Act provides support for restaurants, bars, breweries, and other similar businesses, in the form of Restaurant Revitalization Grants administered by the Small Business Administration (SBA). The grants...more

Lowndes

Restaurant Revitalization Fund Provides Hope to the Food and Beverage Industry—But Applicants Will Need to Act Fast

Lowndes on

When the American Rescue Plan Act of 2021 (H.R. 1319, the “ARP”) became public law on March 11, 2021, it was the first time since the COVID-19 pandemic began that relief for the restaurant industry was specifically addressed....more

Gray Reed

PPP 2.0 and Related Business Programs

Gray Reed on

Long-awaited relief has arrived for many struggling small businesses in the form of the Consolidated Appropriations Act of 2021 (the “Appropriations Act”), signed into law by President Donald Trump on December 27, 2020....more

Ervin Cohen & Jessup LLP

American Rescue Plan with Restaurant Relief Poised for Passage

The American Rescue Plan Act (“the Act”) was passed by the Senate on March 6, 2021, and is now headed for ratification by the House of Representatives and signature by President Biden. The $1.9 trillion stimulus includes over...more

Dentons

State Tax Treatment of Funds Received Through COVID-19 Relief Efforts

Dentons on

Over the last several months, businesses and individuals have received funds through various COVID-19 relief efforts. They now may be wondering what, if any, impact these funds will have on their tax returns next year....more

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