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picture1_Business Spread Sheet 42553 | Economic Stimulus April 2021


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File: Business Spread Sheet 42553 | Economic Stimulus April 2021
presenter rick braa amp services rbraa ampservices com 206 465 1010 restaurant revitalization fund 28 6b part of the 1 9t plan passed in march grants up to 10mm the ...

icon picture PPTX Filetype Power Point PPTX | Posted on 16 Aug 2022 | 3 years ago
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   PRESENTER
    RICK BRAA, AMP Services
    rbraa@ampservices.com
         206.465.1010
          RESTAURANT REVITALIZATION FUND 
          $28.6B
          •  Part of the $1.9T plan passed in March
          •  Grants up to $10mm
          •  The fund sets aside $500 million for 
             applicants with revenue of $50,000 or less, 
             $5 billion for applicants with revenue of 
             $500,000 or less, $4 billion for applicants 
             with revenue of $1,500,000 or less and… 
          •  $19.1 billion for eligible entities of different 
             sizes based on annual gross receipts.
           RESTAURANT REVITALIZATION FUND 
           $28.6B
            •  Good faith certification that—
              • Uncertainty of current economic conditions makes 
                necessary the grant request to support the ongoing 
                operations of the eligible entity
              • Hasn’t received a loan under the Shuttered Venue Act 
                (generally live venues, generally not applicable to restaurants)
              • Initial 21 days priority to small businesses owned and 
                controlled by women, veterans, socially or economically 
                disadvantaged small business
         RESTAURANT REVITALIZATION FUND 
         $28.6B
         •  Maximum $10mm and $5mm per 
            location, affiliation rules apply
         •  No more than 20 locations whether the 
            same or multiple names
         •  Not publicly traded
         •  Grant is pandemic related revenue loss 
            2019 minus 2020 less PPP loan amounts 
            (special rules for newer businesses)
         •  Overestimates must be returned
     RESTAURANT REVITALIZATION FUND 
     $28.6B
     Eligible entities:
     restaurant, food stand, food truck, food cart, caterer, saloon, inn, 
     tavern, bar, lounge, brewpub*, tasting room*, taproom*, licensed 
     facility or premise of a beverage alcohol producer where the public 
     may taste, sample, or purchase products*, or other similar place of 
     business in which the public or patrons assemble for the primary 
     purpose of being served food or drink*.
     Ineligible entities:
     Is a State or local government-operated business; As of March 13, 
     2020, owns or operates (together with any affiliated business) more 
     than 20 locations, regardless of whether those locations do business 
     under the same or different names or are in different industries; Has a 
     pending application for or has received a Shuttered Venue Operators 
     Grant; Is a Publicly-Traded Company; Is permanently closed; Is a 
     Nonprofit organization; Is not eligible for funding of at least $1,000
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...Presenter rick braa amp services rbraa ampservices com restaurant revitalization fund b part of the t plan passed in march grants up to mm sets aside million for applicants with revenue or less billion and eligible entities different sizes based on annual gross receipts good faith certification that uncertainty current economic conditions makes necessary grant request support ongoing operations entity hasn received a loan under shuttered venue act generally live venues not applicable restaurants initial days priority small businesses owned controlled by women veterans socially economically disadvantaged business maximum per location affiliation rules apply no more than locations whether same multiple names publicly traded is pandemic related loss minus ppp amounts special newer overestimates must be returned food stand truck cart caterer saloon inn tavern bar lounge brewpub tasting room taproom licensed facility premise beverage alcohol producer where public may taste sample purchase p...

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