Restaurants + Hospitality
Small Business Relief + Assistance Guide
Produced by PROOF: A Bar + Incubator | Chattanooga
For starters, we recommend you check out the incredible guide that Autumn Witt Boyd's firm has put together. The document walks you through how you should be approaching all of these options and the items you should really be looking at before taking the leap.
Next, you're going to want to start to consider the loan options that are available. There is still a lot of assistance out there to help you navigate these options, so proceed knowing there are people nearby to help!
The Small Business Administration has a lot of options are available, with more information here. You will find information regarding the following programs:
We highly recommend reaching out to your local Small Business Development Center, as they can guide you to which programs might be best for you and your company - and also answer any questions you might have during the process.
With the announcement of the CARES Act, we know there are a lot of questions regarding what it will cover and how to apply. A lot of the items covered in the CARES Act are already available in options listed above (paycheck protection program, disaster relief fund, etc.).
CLICK HERE>>>>>The US Senate Committee on Small Business and Entrepreneurship has a wonderful guide to understanding the Coronavirus Aid, Relief, and Economic Security Act. There are links throughout the document to direct you to these different options as well.
GA Restaurant Association: Click Here
- Go here immediately for best resources for your restaurant in GA and submit a FORM to tell your elected officials that you NEED HELP NOW!!!!!<<<<<
OTHER RELIEF FUNDS / GRANTS:
Facebook Small Business Grants Program - Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. Click here for more information and to sign up for updates!
Visa has partnered with IFundWomen to support women entrepreneurs as they fund, run and grow their businesses. If you are an early-stage founder in the US in need of capital to take your business to the next level, apply for a grant today! Applications are being accepted now through April 7, 2020. Apply here!
FINANCIAL INSTITUTIONS OFFERING RELIEF:
Please review this article on Forbes for a list of banks that are offering relief at this time.
Curious to what your current bank may be offering? You can search here to see if they are offering a response program.
FOR BARS AND RESTAURANTS:
Please visit the National Restaurant Association's COVID-19 resources here. There is great information regarding the CARES Act, Restaurant Employee Relief Fund, as well as other webinars and helpful links.
Restaurant Bond: National Gift Card site