Lots of money now available to small businesses in the food service industry

Lots of money now available to small businesses in the food service industry

“We were able to recover some of that and pivot our business and do more virtual cooking classes. And then also helping with cooking meals for nursing homes and for the hospitals,” said Amy Von Eiff, owner and executive chef of A Cut Above Catering. A Cut Above Catering in Carmel had to make quite a few adjustments since people canceled the weddings and the big events it usually thrives off. The owner says 70% of her business shut down, and the company lost more than a million dollars in sales throughout the pandemic. Von Eiff says this money will help her catering business get the cooks back in the kitchen as they prepare for big events that are being planned once again.

Schafsnitz says the restaurant and food service industry was the hardest hit. Health regulations forced many in the food service industry to adjust to outdoor dining and take out, costing them a pretty penny.  “It is a fund to help small business restaurant owners get their restaurants back on the road again,” said SBA Indiana District Office Public Affairs Specialist Laura Schafsnitz.

“I mean, everybody had to make so many changes during COVID 19,” said Schafsnitz. $28 billion is now available for these businesses as part of the Restaurant Revitalization Fund, made available through the Small News Association (SBA). Each business can get up to $10 million.

If the money is used for eligible expenses by March of 2023, businesses are not required to pay it back. If your business doesn’t qualify, there may be other funds available to assist you here. Close Modal “People got to eat. So, we want to make sure to keep our restaurants and our food service small businesses in business so they can continue to feed us,” said Schafsnitz.

It will also assist in the debt they’ve accrued during the pandemic that may include payroll, sick leave, bills and post-pandemic adjustments. That’s why the SBA encourages those that are eligible to apply. “We’re using this money to increase awareness of our cooking classes and to be able to get all of our employees back,” said Von Eiff.

The News Highlights

  • Lots of money now available to small businesses in the food service industry
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Finance Minister on maternity leave at the end of summer |  News

Finance Minister on maternity leave at the end of summer | News

Source news.err.ee — This article was updated to include comments from Maris Lauri. Follow ERR News on Facebook and Twitter and never miss an update! Maris ...
Study shows nurses experiencing burnout, mental health problems after pandemic stress

Study shows nurses experiencing burnout, mental health problems after pandemic stress

May marks National Mental Health month, and Dr.Hila says to remember to check up on your loved ones to see how they are doing. UHS’s Director of Medical ...
Future Yakuza Games Will Have Turn-Based Combat, Not Action

Future Yakuza Games Will Have Turn-Based Combat, Not Action

They both said: “The Yakuza series has been transformed into a turn-based RPG. On the other hand, over the year, Ryu ga Gotoku Studio has accumulated ...
Asus Zenfone 8 release date, features and rumors

Asus Zenfone 8 release date, features and rumors

We’ll know extra when Asus formally launches the Asus Zenfone eight this week – together with any sibling fashions. Asus guarantees a cellphone that is ‘Huge ...
The city of Indiana calls itself a First Amendment sanctuary;  without money from the city to be used to cancel anyone |  Indiana

The city of Indiana calls itself a First Amendment sanctuary; without money from the city to be used to cancel anyone | Indiana

Shane Williams, the town councilman who introduced the resolutions, said they both were the result of many conversations he’d had with people in Mooresville ...
The 3 ways in which patient-generated health data can improve real-world studies

The 3 ways in which patient-generated health data can improve real-world studies

Reducing biases and minimizing false conclusions Traditionally, routine healthcare datasets have been limited in the level of context they provide. Through ...
Xbox exclusive highlight: Lake

Xbox exclusive highlight: Lake

Source In our Xbox exclusives round-up, we suggested that Lake might be perfect for fans of Eastshade, Life is Strange, and Deadly Premonition (although, ...
You can get Logitech’s Keyboard Case With Trackpad for Pre-Order for New 12.9-Inch iPad Pro

You can get Logitech’s Keyboard Case With Trackpad for Pre-Order for New 12.9-Inch iPad Pro

Priced at $230, the Combo Touch keyboard is a more affordable alternative to Apple’s Magic Keyboard for the 12.9-inch iPad Pro, which retails for $349. The ...
In Enterprise Email Security Barracuda Named As Leader

In Enterprise Email Security Barracuda Named As Leader

Barracuda, a leading provider for cloud-enabled security solutions, today announced that it has been named a Leader in “The Forrester WaveTM: Enterprise ...
Epic Games CEO Does Not Have A PS5 at Home

Epic Games CEO Does Not Have A PS5 at Home

Since the release of the PS5, many PlayStation fans have struggled to get their hands on the next-gen console. And this apparently includes Epic Games CEO ...
Show next
Compsmag - Latest News from tech, business and health
Logo