Restaurant Revitalization Fund helps provide financial relief for staffing challenges during post-shutdown business boom

Excerpt from New Times San Luis Obispo, by MALEA MARTIN

The San Luis Obispo SCORE Chapter, which offers free business consulting in SLO County and the Santa Maria Valley, has assisted hundreds of local businesses with applying for aid programs throughout the pandemic.

When federal funding packages were first passed, "we began receiving requests for help from businesses because they did not fully understand the CARES Act opportunities available," Chapter Chair Horace Morana said in an email. "At that point in time the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program were changing literally on a daily, if not hour-to-hour, basis. ... We modified our client support system so that [our SCORE mentors] were able [to] provide our clients the information they desperately needed."

Since March 2020, Morana said SCORE SLO has helped more than 400 clients through workshops focusing on SBA loans and has mentored more than 100 clients asking for loan advice. Now, SCORE is mentoring a handful of clients as they navigate the Restaurant Revitalization Fund.

Read the full article here - https://www.newtimesslo.com/sanluisobispo/restaurant-revitalization-fund-helps-provide-financial-relief-for-staffing-challenges-during-post-shutdown-business-boom/Content?oid=11110681