Funding For Restaurants/Hospitality Coming Soon: Be Early, Be Prepared
The early bird gets the worm. Advice to those in the restaurant and hospitality businesses: sharpen your pencils and apply for much-needed loans now while the money is flowing.
With more than 50 percent of adult Americans vaccinated, and pent-up desire to dine and celebrate, restaurants and venues that suffered through the pandemic have an opportunity to resurrect. While some restaurateurs rode the pandemic wave, many have held on by a thread.
This is an inflection point. Congress recently authorized much needed aid. Although the funds have not yet been released, now’s the time to get organized and figure out what you’ll need to fire up your business.