December 2021 - Brinker Simpson

Important reminder! The deadline to apply for the COVID Economic Injury Disaster Loan (EIDL) is December 31, 2021. See below for further details.

EIDL loan and Targeted Advance applications will be accepted until December 31 and will continue to be processed after this date until funds are exhausted.
Supplemental Targeted Advance applications will be accepted until December 31; however, the SBA may be unable to process some Supplemental Targeted Advance applications submitted near the December 31 deadline due to legal requirements. The SBA cannot continue to process Supplemental Targeted Advance applications after December 31.
Borrowers can request increases up to their maximum eligible loan amount for up to two years after their loan origination date or until the funds are exhausted, whichever is soonest.

The Restaurant Revitalization Fund (RRF) was a lifeline for food and beverage providers, helping them rebuild from the effects of pandemic-related revenue loss. The RRF, established under the American Rescue Plan Act (ARPA), became public law on March 11, 2021. ARPA appropriated $28.6 billion for RRF, authorizing the U.S. Small Business Administration (SBA) to award funds.

Eligible entities were businesses that were not permanently closed, where the public or patrons assembled for the primary purpose of being served food or drink.

Generally, awards were equal to the decline in gross receipts in 2020 compared to 2019. They were limited to $5 million per location, not to exceed $10 million total for the applicant and any affiliated businesses.… Read More

Month: December 2021

REMINDER: COVID EIDL Deadline Approaching

Restaurant Revitalization Fund Recipients: Important Reporting Deadline Approaching