Restaurant revitalization concession for local companies – 41NBC News

Restaurant revitalization concession for local companies – 41NBC News

Seekins says any extra funding always helps in a restaurant. “You’re always adjusting in the restaurant business because you can’t predict people,” Seekins said. “You never know when you’re going to be packed at noon, dead at noon, or packed at 2 in the afternoon. It happens and it’s odd… I can tell you I’m lucky though because I’ve got a great staff.” “There are 22 ways to lose money in a restaurant and only one way to make money. A 5-gallon tub of dish soap is $120. I get one every two weeks, so that’s $240 a month over 12 months, just on soap.”

The Restaurant Revitalization Fund is $28.6 billion in government grants that will go towards giving restaurants like Famous Mike’s of Macon a boost. “What they’re looking for with the Restaurant Revitalization Fund is any business who in 2020 after they made all the money they could, and got all the relief programs they could, still didn’t make as much money as they did in 2019,” Rogers explained.

Mike Seekins, the owner of Famous Mike’s of Macon says although his restaurant was only allowed 50% capacity for a while, he considers his business luckier than most. Josh Rogers with Newtown Macon, explained that the funding targets businesses that are still behind in their finances.

The Small News Administration opened applications for the funding at noon Monday and will keep them open until the funding runs out. To apply for the grant visit: https://restaurants.sba.gov/requests/borrower/login/?next=/. “It’s open for franchises but also for individually owned businesses. The maximum grant award is capped at $10 million and then $5 million per location.”

Newtown Macon says restaurants can get $1000 to $10 million, it all depends on the size of your business and your earnings from last year. Famous Mike’s of Macon says they plan to apply for the revitalization grant and will use it to continue giving to the community.

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