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SBA Grants For Restaurants and Bars:

If your business is a restaurant or bar, please read on...

The grant application process has not yet started. There is no rush to file your business tax return.

Here's what we know:

- SBA and the White House are building an online platform that will process applications

- In the next 7 to 10 days, SBA will release application information and timing, including any required documentation (we don't yet know if a tax return will be required). Word is that SBA is reaching out to POS providers as a source of gross income.

- SBA expects the application process to begin in 2 weeks.

- Eligible applicants in the first 21 days will be restricted to women operated businesses, veterans and economically disadvantaged.

- After (30-45 days from now), the program opens to all.

For now , make sure you have your SIM and DUN numbers ready to go, just in case they are needed.

If you have questions, please let us know.

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