Loan Mantra Helps Restaurants Get Part of Restaurant Revitalization Fund
Are you a local restaurant that missed out on the Paycheck Protection Program (PPP)? If so there is another chance! A new $28.6 billion Restaurant Revitalization Fund launched on May 3 has funding designed to reach those hardest hit during the year-long pandemic. Records indicate that more than half of small business loans for the PPP went to larger businesses. That's why Atlanta-based Loan Mantra is offering help to any restaurant or small business that needs funds. “Most small business owners haven’t had access to resources like a pers onal banker to turn to when they need help with funding; but now they can turn to us,” says RAJ TULSHAN, founder of Loan Mantra. Independent, rural, minority and female-owned restaurants, are just a few examples of those that were left behind or underfunded during (PPP). Minority and Latinx-owned businesses fared the worst, just 12 percent of workers received the assistance they requested . That’s why one company, Loan Mantra connects sma