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Small Business Administration (“SBA”) may require, of the eligible entity during 2020 subtracted from the gross receipts of the eligible entity in 2019, if such sum is greater than zero
Monthly gross receipts sba verification#
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Or other similar places of business in which the public or patrons assemble for the primary purpose of being served food or drink.Licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products.Saloon, Inn, Tavern, Bar, Lounge or Brewpub.The aggregate amount of grants made to any eligible entity and its affiliates is capped at $10 million and $5 million per physical location of the entity.įor purposes of the RRF, the term “eligible entity” means a: The amount of any grant is limited to the eligible entity’s “pandemic-related revenue loss” (defined below) and reduced by any amounts received (whether or not forgiven) from any Paycheck Protection Program loan. This legislation includes a Restaurant Revitalization Fund (“RRF”) for which Congress has allocated $28.6 billion in program grants for eligible entities. On March 11, 2021, President Biden signed the American Rescue Plan of 2021. Footnotes for this article are available at the end of this page.