Good news: On September 7th, 2021, the U.S. Small Business Administration announced the COVID EIDL cap will increase from $500,000 to $2,000,000.  Even more, the cap for a single corporation will increase to $10.0 million. Though you can apply for a COVID EIDL loan of more than $500k today, any decisions on funding will occur […]

Restaurant Revitalization Fund: 4 Things to Know Before Applying

Restaurant Revitalization Fund: 4 Things to Know Before Applying

Earlier this year, The U.S. Small Business Administration (SBA) allocated $28.6 billion dollars to the Restaurant Revitalization Fund (RRF), a grant program announced as part of the American Rescue Plan Act. Tomorrow, on Friday, April 30, 2021 at 9 a.m. EDT, registration on the SBA portal for the RRF will begin. Though registration begins tomorrow, […]

To the Rescue: What the American Rescue Plan Act Means for EIDL & Other Grants

To the Rescue: What the American Rescue Plan Act Means for EIDL & Other Grants

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. The Act offers $1.9 trillion dollars in a relief package designed to help Americans recover from the pandemic. The following funds are allotted to small business recovery, targeting the most hard-hit industries as designated by NAICS codes through ongoing […]