FINANCING YOUR BUSINESS CAN BE HARD

WE MAKE IT SIMPLE







(816) 468-4989

SBA Award Winning Certified Development Corporation


SBA Announces Change for
Shuttered Business, Restaurant Help

The U.S. Small  Business Administration has announced several recent changes that offer options for restaurant owners and owners of businesses that closed because of COVID:

Shuttered Venue Operators Grant

The first change is a response to stakeholder feedback about reopening the Shuttered Venue Operators Grant application process. The application portal reopened Monday, April 26. Potential applicants should register on the portal. Applicants will also need a smartphone and a multi-factor authenticator app to register and apply.

The SBA has also added the following updated resources.

Applicant user guide and FAQ: For help with the application process, refer to the applicant user guide and FAQ.

Checklist: Use the checklist to make sure you have everything you need to complete your application. 

Call Center:  For Shuttered Venue Operators Grant application portal technical assistance such as a password reset, browser suggestions, or how to use the multi-factor authentication with an app and the QR code, applicants can call 1-800-659-2955 or, for the deaf and hard-of-hearing 1-800-877-8339 and follow the prompts to SVOG assistance. The call center is open through the weekend from 8 a.m. to 8 p.m. EDT. For additional information and to review applicant resources, visit www.sba.gov/svogrant.

Restaurant Revitalization

Earlier, the SBA announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RRF). 

The SBA also announced a new initiative that will allow restaurants and other related businesses to apply for the RRF through point-of-sale service providers such as Clover ®, NCR Corporation, Square, and Toast. 

Economic Disaster Loans

The SBA launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. 

The SBA also modified the Targeted EIDL Advance application process to determine if businesses also qualify for the additional $5,000 Supplemental Targeted Advance. SBA will contact eligible business entities to apply and applications will be processed on a first-come, first-served basis. To qualify for the Supplemental Targeted Advance, an eligible business entity must be in a low-income community, suffered greater than 50 percent economic loss, and have 10 or fewer employees. Learn more here.


Find Us on FacebookHome | Succes Stories | Loan Programs | About Us | For Borrowers | For Lenders | Resources

Midwest Small Busness Finance | 7001 N Locust St. | Gladstone, MO 64118 | Phone: 816-468-4989