Pandemic Relief Fund for Restaurants Is Open, but Cash Will Go Fast

The Small Business Administration program is offering $28.6 billion in grants to food businesses including bars and caterers.

Restaurants, bars, caterers and other food businesses devastated by the pandemic began applying Monday for help from a new $28.6 billion federal aid program, but the money isn’t expected to last long.

Despite a few glitches after thousands descended on the application website for the Restaurant Revitalization Fund when it went live at noon, the process was fairly straightforward, applicants said.

That was a welcome change from the technical problems that have plagued other aid programs run by the Small Business Administration, which is managing the restaurant fund.

“It was impressively smooth,” said Sarah Horak, who co-owns three bars and restaurants in Grand Forks, N.D. She was able to submit her first application just 10 minutes after she logged on to the website.

Congress created the restaurant fund as part of the $1.9 trillion relief bill passed

Keep reading this article on The New York Times Business.

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