Owners of restaurants, cafes, food trucks and breweries in Connecticut must line up now for new grants from the Restaurant Revitalization Fund to help them cope with losses from a pandemic, said Thursday business advocates.
A total of $ 28.6 billion is being made available to food businesses nationwide, with the registration portal at restaurants.sba.gov scheduled to open on Friday, and applications accepted starting at noon on Monday. May 3.
“My message this morning is that time is running out,” Connecticut Restaurant Association executive director Scott Dolch told attendees in a webinar on Thursday on grants. “You need to start doing your due diligence to prepare your application.”
Almost every food business in the country is eligible for grants, and businesses in Connecticut need to act quickly to get the money, said Matthew Pugliese, associate director of the Small Business Development Center of Connecticut.
“We’re trying to make sure every restaurant in Connecticut is aware of this program,” Pugliese said. “It’s a very generous fund.”
Instead of working through a lender, the Restaurant Revitalization Fund offers grants directly from the Small Business Administration. A wide range of food and beverage businesses are eligible and no preference is given to minority or veteran-owned businesses until later in the process, Dolch said.
“This is on a first come, first served basis,” Dolch said. “My advice to everyone right now is to apply … [We are] delighted to see more and more restaurants getting the help they need to recover. “