Posted : April 29, 2021

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, Friday, April 30th, the SBA will begin taking applications for the RRF on Monday, May 3, 2021 at 12 p.m. noon EDT. The first 21 days of the application process are reserved for priority funding: 51% female-owned or controlled businesses; veterans; or socially and economically disadvantaged borrowers. Regardless, the SBA is encouraging all applicants to apply on May 3, 2021 or as soon as possible thereafter. Loan Mantra is available to help you navigate the RRF grant process so you can get back to nourishing the people and communities around you. Here are the four things you should know before you apply: (more…)

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Posted : March 30, 2021

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 and new aid programs:  (more…)

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Posted : March 30, 2021

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 and new aid programs:  (more…)

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