The federal American Rescue Plan Act is bringing with it a new fund to help restaurants affected by the coronavirus pandemic.

According to the Small Business Association, the program provides restaurants with funding equal to their pandemic-related loss up to $10 million but no more than $5 million for a single location. Those who would receive it are not required to pay it back as long as funds are used for eligible uses before March 11, 2023. 

The Small Business Association’s Iowa District Office will be conducting a basic overview of the Restaurant Revitalization Fund today at 3 p.m. and tomorrow at 1 p.m. which will be held via Microsoft Teams. 

For more information on the program you can go here and to get the links to participate in the information sessions you can email the Perry Chamber at PerryChamber@PerryIA.org.