by: Scott McCaulley
A new program from the Small Business Administration is now accepting applications for assistance from hardships sustained due to the COVID-19 Pandemic.
Jon Arnold, Risk Management Officer with Branson Bank, talks about the new program during an interview last week on KRZK’s “Ozarks Now” program.
The “Restaurant Revitalization” program according to information from the SBA, will provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
More details on the program can be found on the SBA Website while the complete interview with Jon Arnold of Branson Bank can be heard below: