U.S. begins handing out $28.6 billion in grants to help small businesses stay afloat

Thousands of restaurants and bars decimated by the COVID-19 outbreak have a better chance at survival as the government begins handing out $28.6 billion in grants ¬— money to help these small businesses stay afloat while they wait for customers to return.

Laurie Thomas is applying for grants for her two San Francisco restaurants that have closed and reopened several times as coronavirus cases surged and declined; she’s still at just 50% of capacity. Rose’s Cafe and Terzo are operating at a loss but grant money will help them stay open.

“This allows you to go back to February 2020 and apply these funds to help pay down debt, catch up on past due rent, etc.,” she says.

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