Biden Promotes Restaurant Revitalization Fund.<br />The president talked about the newly-launched $28.6 billion fund, created to help struggling restaurants amid the pandemic, on May 5.<br />There are families of all races, all ethnic backgrounds, all nationalities in this country who have built their American dream around a family, a family-owned restaurant, President Joe Biden, via statement.<br />And for more workers their own story of economic progress starts in a restaurant, President Joe Biden, via statement.<br />If we want our economy to recover the way that deals everyone in, then our restaurants need a seat at the table, no pun intended, President Joe Biden, via statement.<br />Applications for the program <br />were made available on May 3.<br />The U.S. Small Business Administration says the fund will grant up to $10 million per business in accordance with losses suffered during the pandemic.<br />Small businesses owned and operated by women, veterans and others who face disadvantages will be prioritized for the first 21 days of the program.<br />If the funds are used for eligible expenses before March 11, 2023, they do not have to be repaid.<br />White House press secretary Jen Psaki said the first round of funds will be delivered to <br />eligible pilot program recipients on May 7.<br />Businesses that start applying now can <br />expect an answer within two weeks
