TERRE HAUTE, Ind. (WTWO/WAWV) — Restaurant Revitalization Grants from the Small Business Administration can help local restaurants adversely affected by the pandemic, and applications will be available beginning Monday at noon.
The West Central Indiana Small Business Development Center is helping local restaurants determine their eligibility and what documents are needed to apply. It is a $28 billion program that is open for all restaurants.
“It’s all about your losses throughout, between 2019 and 2020. One thing that’s different with this is businesses that opened,” said Courtney Chipol, Regional Director for the West Central Indiana Small Business Development Center. “Restaurants, food trucks that have opened recently, can still apply for this and that’s been different. The other recovery programs weren’t like that.”
Restaurants can receive anywhere from $1,000 to $5 million. The Restaurant Revitalization Grants along with others have helped many businesses in the area throughout the last year.
“I have already made [an] application or registered rather with the new grant that’s going to be out Monday,” said George Azar, owner of Saratoga. “Hopefully I’ll get in in time before the money runs out, but we’re hoping that that’ll sustain us for at least another several months.”
Other businesses have been able to depend on grants for assistance and have also reached out to the ISBDC for guidance.
“We applied for various grants through the state. We’ve been utilizing the small business bureau in Terre Haute. They’ve been so helpful with reaching out and just letting us know what we can do. They’ve been very supportive during this time. Trying to keep us all afloat,” said Maja Austin, owner of Little Bear Coffee Co.
Chipol expects funds to run out within the week. Businesses can be registered now prior to applying for the grant Monday at sba.gov.