Restaurant Revitalization Fund
This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.
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Small Business Administration Paycheck Protection Program
U.S. Small Business Administration News:
This week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021.
To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds. Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.
Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.
Robstown Improvement Development Corporation (RIDC) is a non-profit corporation aimed at providing economic development efforts in the City of Robstown. The corporation manages the 4B-Sales tax, and is governed by a Board of Directors consisting of seven board members and an Executive Director
P O Box 872
Robstown, Texas 78380
Phone (361) 387-4589
RIDC Board Members:
Balde Torres, President
Larry Cantu, Vice-President
County Commissioner John Marez, Secretary
Mayor Gilbert Gomez, Member
Port Commissioner Rajan Ahuja, Member
Ninfa Trevino, Member
Beatriz Charo, Executive Director
101 E. Main Street
Robstown, Texas 78380
Monday – Friday
8:00 am – 5:00 pm