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Host and SBDC director, Kelly Bearden discusses changes to the EIDL program including the new “Supplemental Targeted Advance” announced by the Small Business Administration April 23. The $5 billion in grants will be issued to small businesses hardest hit by the pandemic. 

Details of the new $28.6 billion Restaurant Revitalization Fund [RRF] soon to open are also covered. In addition to restaurants, the grant program is open to bakeries, bars, brewpubs and a variety many other food and beverage businesses who may be able to receive up to $10 million in funds equal to their pandemic-related lost revenue.  

Additional topics include updates on the 2021 Paycheck Protection Program, SBA Shuttered Venue Operators Grant Program, CA Relief Grant, Targeted EIDL Advance, the Bakersfield ReStart Loan-to-Grant Program and more. 

This marks the 59th in the weekly “Webinar Wednesday” series that provides pandemic relief updates on available federal, state, and local funding options, tax credit programs, employee programs, and other opportunities helpful to employers and business owners. 

The SBDC is open for free one-on-one consulting to help small business owners. New and existing businesses can sign up for assistance by clicking here.

 

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Funded in part through a Cooperative Agreement with the U.S. Small Business Administration and a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA or the Governor’s Office of Business and Economic Development. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the California SBDC closest to you.