LUBBOCK, Texas (PRESS RELEASE) – The following is a press release from Texas Tech University:
Texas Tech University Northwestern Texas Small Business Development Center (NWTSBDC) is available to provide information and assistance for the Restaurant Revitalization Fund (RRF), a new disaster relief fund from the US Small Business Administration (SBA).
The fund was created as part of the US bailout to provide funding to restaurants and other eligible businesses affected by COVID-19. Recipients are not required to repay funding until funds meet qualifying use requirements by March 11, 2023. Applications can be submitted as of today (May 3).
“Eligible entities include restaurants, food trucks, caterers, bars, saloons, lounges and taverns,” said Randy Burch, associate executive director of the NWTSBDC. “There are several additional groups – including bakeries, breweries and / or microbreweries, and inns – that may or may not be eligible. Our staff can determine who qualifies to apply. We have consultants who have been trained by the SBA to help someone through the application process. “
About Small Business Development Centers The United States National Network of Small Business Development Centers (SBDCs) is the most comprehensive small business support network in the United States and its territories. SBDCs are hosted by leading universities, colleges, national economic development agencies, and private partners, and funded in part by the United States Congress through a partnership with the United States Small Business Administration.
There are nearly 1,000 local centers available to provide free business advice and low cost training to new and existing businesses.
The NWTSBDC has six centers located in the 95-county region with universities: Texas Tech University-Lubbock, Texas Tech University-Abilene, West Texas A&M University-Amarillo, University of Texas-Permian Basin-Midland / Odessa, Midwestern State University – Wichita Falls and Tarleton State University-Stephenville.
Small business owners and budding entrepreneurs can contact their local SBDC for confidential, free business advice and low cost training on a variety of topics. Learn more about how SBDCs help local businesses start, grow and prosper from http://www.nwtsbdc.org.
(Texas Tech University press release)