Restaurant Revitalization Fund Webinar

Date and Time

Wednesday May 19, 2021
3:00 PM - 4:00 PM CDT

3 p.m.
Wednesday, May 19

Location

319 Broadway, Rockport
Chairman's Honor Hall
SCORE Retired Executives Assisting
Speaker on ZOOM

319 Broadway St Rockport Tx 78382

Fees/Admission

No admission fees

Contact Information

Diane Probst
Send Email

Mark Samford

Description

Restaurant Revitalization Fund Webinar
We're here to help!

Who’s eligible to apply
Eligible entities who have experienced pandemic-related revenue loss include:

Restaurants
Food stands, food trucks, food carts
Caterers
Bars, saloons, lounges, taverns
Snack and nonalcoholic beverage bars
Bakeries (onsite sales to the public comprise at least 33% of gross receipts)
Brewpubs, tasting rooms, taprooms (onsite sales to the public comprise at least 33% of gross receipts)
Breweries and/or microbreweries (onsite sales to the public comprise at least 33% of gross receipts)
Wineries and distilleries (onsite sales to the public comprise at least 33% of gross receipts)
Inns (onsite sales of food and beverage to the public comprise at least 33% of gross receipts)
Licensed facilities or premises of a beverage alcohol producer where the public may taste, sample, or purchase products

What can funds be used for
Funds may be used for specific expenses including:

Business payroll costs (including sick leave)
Payments on any business mortgage obligation
Business rent payments (note: this does not include prepayment of rent)
Business debt service (both principal and interest; note: this does not include any prepayment of principal or interest)
Business utility payments
Business maintenance expenses
Construction of outdoor seating
Business supplies (including protective equipment and cleaning materials)
Business food and beverage expenses (including raw materials)
Covered supplier costs
Business operating expenses

How does a business apply?
You can apply through SBA-recognized Point of Sale (POS) vendors or directly via SBA in a forthcoming online application portal: https://restaurants.sba.gov. Participating POS providers include Square, Toast, Clover, NCR Corporation (Aloha). If an applicant is working with a POS vendor, they do not need to register beforehand on the https://restaurants.sba.gov application portal.

Where is assistance available
SBA RRF Call center support: 1-844-279-8898
Any business can schedule a Virtual Session with an UHV SBDC Advisor. We provide no-cost, one on one, professional assistance.

Speaker: Mike Samford
Mike Samford is a business advisor with the UHV Small Business Development Center. He has over 25 years of experience working with small business owners and entrepreneurs. He spent the past fifteen years as a commercial loan officer before rejoining the UHV SBDC in October 2020. Prior to banking, Mike worked for the SBDC from 1996 to 2005. He specialized in business planning, business startups and expansions, marketing, customer service, access to capital, and loan packaging for conventional and SBA guaranteed loans. Mike is a U.S. Army Veteran and holds a Bachelor of Business Administration degree in management and a Master of Arts in Interdisciplinary Studies degree with concentrations in communication and business, both from the University of Houston-Victoria.