Ashburn Area Restaurants Received Revitalization Grants

Ashburn VA

29 July, 2021

5:27 PM

Description

ASHBURN, VA — The Restaurant Revitalization Fund doled out more than $28.6 billion in grants to eateries that sustained financial losses during the pandemic, including several Ashburn area restaurants. The fund was established as part of the American Rescue Plan Act of March 2021. More than 101,000 restaurants received grants as of June 30, according to the Small Business Administration. The average grant size was $283,000. Restaurants were eligible for up to $10 million in grants, with no more than $5 million per location. Funds don't have to be repaid if they are used for eligible expenses, such as payroll or rent, through March 11, 2023. The following Ashburn area restaurants were among those that received a Restaurant Revitalization Fund grant. Check here for a full, searchable database. Business: MIAN S&K LLC Brambleton, VA, 20148 Grant amount: $369,381 Business: OKADA OF VIRGINIA LTD Ashburn, VA, 20147 Grant amount: $220,077 Business: GREEN IDEAS LLC DBA MALI THAI CUISINE Ashburn, VA, 20148 Grant amount: $161,413 Business: PUNJABI BY NATURE LLC Ashburn, VA, 20147 Grant amount: $129,813 Business: PARALLEL WINE LLC Broadlands, VA, 20148 Grant amount: $121,379 Business: ICEHOUSE PIZZAINC Ashburn, VA, 20147 Grant amount: $118,670 Business: OCEAN FOREST INC Ashburn, VA, 20147 Grant amount: $39,371 Business: Nvr Group Inc Ashburn, VA, 20147 Grant amount: $24,814 Business: THE SPREZZATURA GROUP LLC Ashburn, VA, 20148 Franchise: Wayback Burgers Grant amount: $16,823 Business: J. B. STEAKHOUSE LLC Broadlands, VA, 20148 Grant amount: $10,331 Calls for more aid from industry leaders The Restaurant Revitalization Fund received praise from industry members for its simplicity, but many applicants were shut out when funding dried up in June. Nationwide, restaurants submitted more than 278,000 applications, totaling $72.23 billion in requested aid. Around 177,000 applicants were denied grants. There was also confusion about prioritization of funds. The SBA originally prioritized funding for restaurants owned by women, veterans and underserved populations. Some business owners sued, and the SBA ended the practice; around 3,000 priority applicants had grants rescinded, according to The New York Times. The restaurant industry has lost around $290 billion in sales since the beginning of the pandemic, according to the National Restaurant Association. Some 90,000 restaurants closed permanently or long-term. The bipartisan Restaurant Revitalization Fund Replenishment Act proposal would provide $60 billion in additional funding for the program if passed. "The success of the RRF so far is, in large part, because the SBA focused on making the program simple and accessible," NRA Vice President Sean Kennedy said in a statement. "We appreciate how swiftly they were able to establish a program unlike anything they had administrated before, and believe it has the structure to sustain additional funding." Editor's note: This post was automatically generated using data from the SBA. Feedback can be sent to [email protected].