MILLBURN, NJ – The Township of Millburn and Rep. Tom Malinowski recently sent out announcements to inform local restaurants, especially smaller establishments, that they can now apply for $ 28.5 million in federal grants to reimburse expenses in pandemic event or to keep them afloat as the crisis continues.
The money is part of the $ 1.9 trillion US bailout package signed by the president in March. The money can be used for restaurant salaries, rent, mortgage, personal protective equipment, supplies, etc.
To help small businesses, the fund includes a portion of the money intended only for restaurants with 2019 gross receipts of $ 500,000 or less. Restaurants owned by women, veterans and people living in disadvantaged communities will be a priority for this fund.
Restaurant owners can visit SBA.gov/restaurants today to sign up for the SBA Application Portal, review program guidelines, collect the appropriate documentation, and view a sample application.
Eligible entities that have suffered loss of revenue from a pandemic include:
- Food stalls, food trucks, food carts
- Bars, lounges, lounges, taverns
- Snack and soft drink bars
- Bakeries (on-site sales to the public represent at least 33% of gross receipts)
- Breweries, tasting rooms, taprooms (on-site sales to the public represent at least 33% of gross receipts)
- Breweries and / or microbreweries (on-site sales to the public represent at least 33% of gross receipts)
- Cellars and distilleries (on-site sales to the public represent at least 33% of gross receipts)
- Hostels (on-site food and beverage sales to the public account for at least 33% of gross receipts)
- Facilities or licensed premises of a producer of alcoholic beverages where the public can taste, taste or purchase products
Malinowski’s office said the funding “is based on the Restaurant Act, which was co-sponsored and championed by Representative Malinowski. This program will provide restaurants with funding equal to their loss of income from the pandemic up to $ 10 million per business and no more than $ 5 million per physical location. Recipients are not required to repay funding as long as funds are used for eligible uses by March 11, 2023. “
Malinowski said, âRestaurant owners in our community have had to make extraordinary sacrifices over the past year. This fund provided by the American Rescue Plan is essential to keep the doors open at our favorite local restaurants and to rebuild the New Jersey economy. I encourage restaurants in our neighborhood to take advantage of this federal program open Monday. “
See the Township of Millburn funding announcement here.
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